The Era of “Dark Stablecoins” Is Coming: What Could Trigger Their Growth
Date: 2025-05-12 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
CryptoQuant CEO Ki Young Ju expressed the opinion that the growing pressure from authorities on the cryptocurrency sphere could lead to the popularization of so-called “dark stablecoins”. These digital assets could be a response to the increased control and censorship over traditional stablecoins.
Until now, governments, with the exception of the fight against money laundering, have not particularly interfered with the circulation of stablecoins. Thanks to this, they served as a convenient and safe tool for storing funds and making payments. However, the situation is changing rapidly. The expert predicts that soon any state stablecoins will be regulated as strictly as regular banks.
According to Ki Yeon Joo, in the future, transfers of such coins may be automatically taxed through smart contracts, and the use of wallets will be possible only if strict requirements are met, including passing document verification. This may alienate users who need a fast and free way to transfer funds, especially in international settlements.
In the context of tightening controls, attention may shift to decentralized or algorithmic stablecoins that are not subject to the policies of Western states. Among such assets, the expert names, for example, coins that track the rate of regulated stablecoins like USDC using decentralized oracles such as Chainlink.
In addition, according to him, even such large assets as USDT can be classified as "dark stablecoins" if Tether decides not to comply with the requirements of US regulators.
Earlier it became known that the GENIUS Act bill, concerning the regulation of stablecoins in the United States, was not adopted in the Senate. This failure may play an additional role in the growth of interest in alternative forms of stable digital currencies.
Ki Yeon Ju emphasizes that in the conditions of future changes in the market, more and more users will seek anonymity and financial independence, which will open the way to the development of a new generation of stablecoins that are resistant to censorship.
