CryptoQuant CEO: A "Shadowy" Stablecoin May Emerge in the Future

BlockBeats News, May 11th, CryptoQuant's founder and CEO Ki Young Ju stated in a post on X platform that there is likely to be the emergence of "Dark" stablecoins in the future. Stablecoins act as a bridge between the Internet and the real world, so they need someone to manage them. So far, companies like Tether and Circle have achieved this by depositing cash reserves in banks. Apart from combating money laundering, various governments have not actively intervened in stablecoins, allowing them to be used as a secure asset storage place by various groups, including miners.

However, this situation is changing. 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 resist scrutiny. There are two ways to create Dark stablecoins: algorithmic stablecoins not controlled by the government and stablecoins issued by countries that do not scrutinize financial transactions.

USDT itself was once considered an anti-scrutiny stablecoin. If Tether chooses not to comply with U.S. government regulations in the future, especially under the Trump administration, it could become a Dark stablecoin in the increasingly scrutinized internet economy.