Which stablecoins can resist regulation?

The drums of US regulation around stablecoins has been growing louder: - US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC

What are some stablecoins that can shrug off increasing regulation? Obviously Tether and Circle will jump through whatever hoops they have to. But what stablecoins exist that can shrug off this attempt at regulation?

DAI from MakerDAO is the obvious candidate that comes to my mind, but what others exist? PegNet looks interesting, but I don't have any personal experience with them.

I'm pretty sure the algorithmic, decentralized stablecoin projects have been growing like crazy without many people taking notice. This is your chance to share your knowledge.

Don't just shill your favorite coin. Spread knowledge. Please down-vote comments in this thread that do not meet these criteria: - The post should clearly explain why the coin/token is decentralized (i.e. no central point of failure). - The post should clearly explain how the coin/token is algorithmic.