The expert allowed for the emergence of "dark stablecoins"

The tightening of regulation and censorship of the crypto industry by the government may increase the demand for "dark stablecoins." This opinion was expressed by CryptoQuant CEO Ki Young Ju.

Dark stablecoins are likely to emerge in the future.#Bitcoin was created by the cypherpunk community to be censorship-resistant and belongs to no one, making it impossible to control.

Stablecoins, however, act as a bridge between the internet and the real world, so they need…

— Ki Young Ju (@ki_young_ju) May 11, 2025

Governments, except in cases of combating money laundering, largely do not interfere in the segment of stablecoins. This makes the assets useful for various groups as a safe way to store funds.

"But everything is changing. Soon, any stablecoin issued by a country may face strict government regulation, just like traditional banks. Transfers may automatically trigger tax collection through smart contracts, and wallets may freeze or require documentation based on established rules," says the expert.

In this situation, people using assets for large international transfers may turn to censorship-resistant "dark stablecoins," believes the head of CryptoQuant.

In this capacity, coins with algorithmic peg or issued by countries that do not control transactions may act.

"One possible example could be a decentralized stablecoin that tracks the price of regulated coins like USDC, using data oracles such as Chainlink," suggested Ki En Ju.

"The "dark stablecoin" could also become USDT if Tether decides not to comply with U.S. government regulations, the expert suggested.

Let us remind you that the bill on "stablecoins" (GENIUS Act) failed in a key vote in the United States Senate.