CryptoQuant CEO: Stricter Regulations May Give Rise to "Dark Stablecoins"

ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on the X platform that "dark stablecoins" are likely to emerge in the future. Stablecoins serve as a bridge between the internet and the real world, so there needs to be someone to manage them. So far, companies like Tether and Circle have achieved this by depositing cash reserves in banks. Aside from combating money laundering, governments have not really intervened in stablecoins, allowing various groups, including miners, to use them as a safe asset storage.

However, this situation is changing, and stablecoins may face strict government regulation, similar to traditional banks. Those who use stablecoins for large international transfers may start looking for "dark stablecoins" that can withstand censorship. There are two ways to create dark stablecoins: algorithmic stablecoins not controlled by the government and stablecoins issued by countries that do not censor financial transactions.

USDT itself was once considered a censorship-resistant stablecoin, and if Tether chooses not to comply with U.S. government regulations under a future Trump administration, it could become a dark stablecoin in an increasingly censored internet economy.