隨著政府收緊行業的監督，耐心製度的“黑暗穩定”可能會增加需求

由於缺乏政府乾預，已將穩定劑用於各個團體來存儲資產。但是，隨著法規待處理，可能很快就會改變。

Censorship-resistant "dark stablecoins" could come in increasing demand as governments tighten their oversight of the industry, CryptoQuant CEO Ki Young Ju said.

CryptoQuant首席執行官Ki Young Ju說，隨著政府收緊行業的監督，抗審查制度的“黑暗穩定”可能會增加需求。

Stablecoins have been used for various groups to store assets due to a lack of government involvement; however, with new regulations pending, that could soon change, Ju said in a May 11 X post.

由於缺乏政府參與，已將穩定的人用於各個團體來存儲資產；但是，隨著新規定的待決，可能很快就會改變，JU在5月11日的職位中說。

“Soon, any stablecoin issued by a country could face strict govt regulation, similar to traditional banks. Transfers might automatically trigger tax collection through smart contracts, and wallets could be frozen or require paperwork based on government rules.”

“很快，一個國家發行的任何穩定者都可能面臨嚴格的政府法規，類似於傳統銀行。轉讓可能會通過智能合同自動觸發稅收，錢包可能會被凍結或根據政府規則要求文書工作。”

On the heels of US President Donald Trump’s crypto-friendly administration assuming power earlier this year, lawmakers are weighing stablecoin legislation, which seeks to regulate US stablecoins, ensuring their legal use for payments.

在美國總統唐納德·特朗普（Donald Trump）對加密貨幣友好型政府的緊隨其後，立法者正在權衡穩定的立法，該立法旨在規范美國穩定的穩定者，以確保其法律使用。

The European Union has already brought in its Markets in Crypto-Assets (MiCA) regulation, which, among other measures, mandates that stablecoins be regulated and transparent.

歐盟已經通過加密資產（MICA）法規引入了其市場，除其他措施外，該法規規定了穩定的穩定性。

Ju speculates that a dark or private stablecoin could be created as an algorithmic stablecoin, with the value maintained through algorithmic mechanisms rather than being pegged to an external asset like gold, which makes it susceptible to interference from authorities.

JU推測可以將黑暗或私人的穩定幣作為算法穩定性創建，其價值通過算法機制維護，而不是將其固定在諸如黃金之類的外部資產中，這使其容易受到當局的干擾。

“One possible example could be a decentralized stablecoin that follows the price of regulated coins like USDC using data oracles like Chainlink.”

“一個可能的例子可能是一個去中心化的穩定劑，它遵循使用Chainlink等數據座（USDC）等受監管硬幣的價格。”

Another way would be stablecoins issued by countries that don’t censor financial transactions, or, for example, if Tether chooses not to comply with US government regulations in the future.

另一種方法是由不審查金融交易的國家發行的穩定幣，例如，如果勒系選擇未來不遵守美國政府法規。

“USDT itself used to be considered a censorship-resistant stablecoin. If Tether chooses not to comply with US government regulations under a future Trump administration, it could become a dark stablecoin in an increasingly censored internet economy.”

“ USDT本身曾經被認為是一種持審查制度的穩定性。如果Tether選擇不遵守未來特朗普政府的美國政府法規，那麼它可能會成為日益審查的互聯網經濟中的黑暗穩定者。”

Privacy technology in crypto is already being used

加密中的隱私技術已經被使用

Zcash (ZEC) and Monero (XMR) — while they aren’t stablecoins —already shield transactions and allow users to send and receive funds without revealing their transaction data on the blockchain.

ZCASH（ZEC）和Monero（XMR）（XMR） - 雖然不是Stablecoins，但已準備就緒屏蔽交易，並允許用戶發送和接收資金而無需在區塊鏈上透露其交易數據。

Several projects are also working on using similar technology for stablecoins, such as Zephyr Protocol, a Monero fork that stiches transactions from being revealed on the blockchain. PARScoin also hides user identities, transaction values, and links to past transactions.

幾個項目還致力於將類似技術用於Stablecoins，例如Zephyr協議，Zephyr協議，這是一種在區塊鏈上揭示的交易。 Parscoin還隱藏了用戶身份，交易值以及與過去交易的鏈接。

The market cap of US dollar-denominated stablecoins has continued to grow, crossing $230 billion in April, a report from investment banking giant Citigroup found. That’s an increase of 54% since last year, with Tether (USDT) and USDC (USDC) code>dominating 90% of the market.

投資銀行巨頭花旗集團（Citigroup）的一份報告發現，以美元計價的Stablecoins的市值持續增長，跨越了4月的2,300億美元。自去年以來，這增加了54％的增長，而Tether（USDT）和USDC（USDC）代碼>佔據了90％的市場。

Meanwhile, total stablecoin volumes hit $27.6 trillion in 2024, surpassing the combined volumes of Visa and Mastercard by 7.7%.

同時，2024年的總穩定量達到27.6萬億美元，超過了簽證和萬事達卡的合併量。