Ki Young Ju, founder and CEO of CryptoQuant, posted on the X platform that "dark" stablecoins may emerge in the future. Stablecoins act as a bridge between the internet and the real world, so they need to be managed. So far, companies like Tether and Circle have achieved this by depositing cash reserves in banks. Apart from combating money laundering activities, various governments have not really intervened in stablecoins, making them a safe asset storage place for various groups including miners.

However, this situation is changing, stablecoins may face strict government regulations, just like traditional banks. People who use stablecoins for large international transfers may start looking for "dark stablecoins" that can resist scrutiny. There are two ways to create dark stablecoins:

1. Algorithmic stablecoins not controlled by the government.

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

USDT itself was once considered an anti-scrutiny stablecoin. If Tether chooses not to comply with US government regulations under the future Trump administration, it may become a dark stablecoin in the increasingly scrutinized internet economy.