Summary
- As regulations on stablecoins are strengthened worldwide, the possibility of the emergence of 'dark stablecoins' strong against censorship has been raised.
- Ki Young Ju, CEO of CryptoQuant, stated that while stablecoins connect the internet and reality, the role of existing issuers will change due to strengthened regulations.
- He conveyed that if state-issued stablecoins are subject to strict regulations, the demand for new forms of stablecoins strong against censorship will increase.
Recently, as regulatory movements regarding stablecoins (virtual assets linked to fiat currency) are occurring worldwide, there is an opinion that 'dark stablecoins', which are strong against regulatory censorship, may emerge in the industry.
According to the cryptocurrency-focused media outlet Cointelegraph on the 11th (local time), Ki Young Ju, CEO of CryptoQuant, argued on X (formerly Twitter) that "there is a high possibility that dark stablecoins will emerge in the future."
This is based on Ju's expectation that government regulations on such stablecoins will intensify. He explained, "Unlike Bitcoin (BTC), stablecoins serve to connect the internet and the real world, requiring someone to manage them. Companies like Tether (USDT) or Circle, the issuer of USDC, have so far implemented this by depositing cash in banks."
He continued, "However, soon all stablecoins issued by countries will be subject to strict government regulations, just like existing banks," adding, "People who have used stablecoins for large-scale international remittances will start looking for dark stablecoins that are strong against censorship."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
