PANews reported on May 11 that Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that "dark" stablecoins are likely to appear in the future. Stablecoins act as a bridge between the Internet and the real world, so someone needs to manage them. So far, companies such as Tether and Circle have achieved this by depositing cash reserves in banks. In addition to combating money laundering, governments have not really intervened in stablecoins, which has led to them being used as a safe place to store assets by various groups, including miners. But this situation is changing. Stablecoins may face strict government supervision, just like traditional banks. Those who use stablecoins for large international transfers may start looking for "dark stablecoins" that can resist censorship. There are two ways to create dark stablecoins:

1. Algorithmic stablecoins that are not controlled by the government.

2. Stablecoins issued by countries that do not censor financial transactions.

USDT itself was once considered a censorship-resistant stablecoin. If Tether chooses not to comply with U.S. government regulations under a future Trump administration, it may become a dark stablecoin in an increasingly scrutinized Internet economy.