The Rise of ‘Dark’ Stablecoins as Governments Tighten Control over Crypto

In the face of increasing government regulation for stablecoins, a new approach is emerging: ‘dark stablecoins’. Ki Young Ju argues that these crypto-focused alternatives offer a solution by prioritizing privacy, decentralization, and resistance to censorship. Unlike traditional fiat-backed stablecoins like USDT or USDC, which are subject to regulatory scrutiny and control from central banks, dark stablecoins aim to remain independent and free from centralized control.