當政府收緊抓地力時

在最近的一條推文中，CryptoQuant首席執行官Ki Young Ju警告說，隨著政府收緊對數字資產的控制，“深色穩定”可能是加密貨幣的下一個大趨勢。

CryptoQuant CEO Ki Young Ju recently took to Twitter to share his thoughts on what he predicts could be the "next big trend" in crypto as governments around the world continue to increase their scrutiny of digital assets.

CryptoQuant首席執行官Ki Young Ju最近上了Twitter，分享了他對他預測的想法，因為他預計什麼可能是加密貨幣的“下一個大趨勢”，因為世界各地的政府繼續增加對數字資產的審查。

According to Ju, Bitcoin was born out of the cypherpunk movement to be largely "censorship-resistant and belongs to no one," which makes it almost impossible for any government to control.

根據JU的說法，比特幣源於Cypherpunk運動，在很大程度上是“抗審查制度的，不屬於任何人”，這幾乎使任何政府都無法控制。

In contrast, stablecoins have always needed a central authority, usually a private company like Tether or Circle, to back their value with real-world assets like cash held in banks.

相比之下，穩定幣始終需要一個中央權威，通常是像系或圈子這樣的私人公司，才能使用現實世界中的資產來支持其價值，例如在銀行中持有的現金。

And for the past few years, most governments have largely ignored stablecoins unless there were concerns about money laundering. This hands-off approach made stablecoins a popular tool for many groups, including Chinese Bitcoin miners, who used them as a stable store of value or to move funds across borders without friction.

在過去的幾年中，大多數政府在很大程度上忽略了穩定幣，除非對洗錢有所擔憂。這種脫穎而出的方法使穩定劑成為許多群體的流行工具，包括中國比特幣礦工，他們將其用作穩定的價值存儲或在沒有摩擦的邊界上移動資金。

But Ju says things are now starting to change.

但是JU說事情現在開始發生變化。

In the future, he believes that stablecoins that are issued or approved by governments could face "huge taxation, frozen wallets, or mandatory KYC paperwork," making it harder for users to transfer funds freely.

他認為，未來，由政府發行或批准的穩定幣可能會面臨“巨大的稅收，凍結的錢包或強制性的KYC文書工作”，這使用戶更難自由地轉移資金。

Essentially, the open financial system that stablecoins once offered may soon look a lot more like the current banking system.

本質上，Stablecoins曾經提供的開放金融體係可能很快看起來更像是當前的銀行系統。

In response to this growing censorship, Ju says that dark stablecoins - private, unregulated alternatives - may soon emerge in two main forms.

為了應對這種日益增長的審查制度，JU說，黑stablecoins（私人，不受監管的替代方案）可能很快以兩種主要形式出現。

One interesting possibility he mentioned is a decentralized stablecoin that mirrors the price of regulated ones like USDC, using decentralized data oracles like Chainlink.

他提到的一種有趣的可能性是一種分散的穩定劑，它使用分散的數據甲基鏈路（如鍊鏈接），反映了USDC等受監管的價格。

While he hasn't seen a project doing this effectively yet, Ju suggests it could be a strong use case in the future.

雖然他還沒有看到一個有效的項目，但JU認為這將來可能是一個強有力的用例。

Another interesting idea Ju floated is that Tether (USDT) - which is the most widely used stablecoin - could potentially take on a "dark stablecoin" role.

另一個有趣的想法ju浮出水面是，使用最廣泛的穩定蛋白的繫繩（USDT）可能會扮演“深色穩定”角色。

If Tether decides not to comply with future U.S. regulations, especially under a second Trump administration, it may be seen as a censorship-resistant alternative in an increasingly controlled internet economy.

如果Tether決定不遵守未來的美國法規，尤其是在第二屆特朗普政府的情況下，它可能會被視為在日益控制的互聯網經濟中對審查制度的替代方案。

It remains to be seen what new trends will emerge in the crypto markets in the second half of 2023. But as the industry continues to evolve, it will be interesting to see how these developments unfold.

在2023年下半年，在加密貨幣市場中將出現新趨勢還有待觀察。但是，隨著行業的不斷發展，看到這些事態發展是如何不斷發展會很有趣的。