According to online reports, CryptoQuant founder and CEO Ki Young Ju wrote on the X platform that "Dark stablecoins are likely to emerge in the future. Stabillecoins serve 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. Apart from combating money laundering, governments have not really interfered with stablecoins, which has allowed them to be used as safe asset storage sites by various groups, including miners. But this situation is changing. stablecoins may face strict government regulation. Just like traditional banks, those who use stablecoins for large international transfers may start looking for "dark stablecoins" that can withstand censorship. There are two ways to create dark stablecoins: 1. An algorithmic stablecoin that is not controlled by the government. 2. A stablecoin issued by a country that does not censor financial transactions. The USDT itself was once considered a censory-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 censored Internet economy.