TechFlow news, May 11 — Ki Young Ju, founder and CEO of CryptoQuant, posted on X platform stating that "dark" stablecoins are likely to emerge in the future. Stablecoins serve as a bridge between the internet and the real world, thus requiring management. So far, companies like Tether and Circle have achieved this by holding cash reserves in banks. Aside from combating money laundering, governments have not truly intervened in stablecoins, allowing them to be used as secure stores of value by various groups, including miners.
However, this situation is changing. Stablecoins may face strict government regulation similar to traditional banks. Those using stablecoins for large international transfers might begin seeking "dark stablecoins" resistant to censorship. There are two ways dark stablecoins could be created:
1. Algorithmic stablecoins not controlled by governments.
2. Stablecoins issued by countries that do not censor financial transactions.
USDT itself was once considered a censorship-resistant stablecoin. If Tether chooses not to comply with U.S. regulations under a future Trump administration, it could become a dark stablecoin within an increasingly censored internet economy.
