Ki Young Ju, CEO of the analytical crypto platform CryptoQuant, expressed his belief that new “dark” stablecoins may emerge in the cryptocurrency market soon. These digital assets will be resistant to government control and censorship.
This is reported by Finway
He noted that “dark” stablecoins could serve as an alternative to traditional stablecoins like USDT and USDC, which are subject to government regulations. Ju cites USDT as an example, highlighting the possibility of Tether refusing to comply with regulatory requirements.
Scenarios for the Emergence of New Assets
The founder of CryptoQuant identifies two main scenarios for the development of “dark” stablecoins:
- Algorithmic stablecoins that operate without centralized management and government oversight;
- Stablecoins that will be issued by states avoiding participation in financial censorship.
Ju also emphasized that although Bitcoin was initially designed as a decentralized cryptocurrency, stablecoins play an important role in bridging the internet and the real economy, thus requiring some regulation.
“Companies like Tether and Circle hold cash reserves in banks. But with increasing regulation, the situation is changing,” he noted.
The Future of Regulations and Its Impact on the Market
Ki Young Ju also predicts that in the future, governments may implement automated taxation through smart contracts, require wallet user identification, and freeze funds for rule violations. This will force participants in the crypto community to seek alternatives that are censorship-resistant, including “dark” stablecoins.
He also mentioned Tether (USDT), which was once considered one of the least censored stablecoins. Ju emphasized that if Tether refuses to comply with U.S. administration requirements, the company could fall into the category of “dark” stablecoins.
“If you know of any existing similar projects — let me know. I haven’t seen any yet, but they have potential,” wrote Ki Young Ju.
In conclusion, the expert expressed the opinion that assets related to “dark” stablecoins could have long-term investment potential in the capital markets of the internet economy, but stressed the importance of conducting one’s own research.