当政府收紧抓地力时

在最近的一条推文中，CryptoQuant首席执行官Ki Young Ju警告说，随着政府收紧对数字资产的控制，“深色稳定”可能是加密货币的下一个大趋势。

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首席执行官Ki Young Ju最近上了Twitter，分享了他对他预测的想法，因为他预计什么可能是加密货币的“下一个大趋势”，因为世界各地的政府继续增加对数字资产的审查。

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.

根据JU的说法，比特币源于Cypherpunk运动，在很大程度上是“抗审查制度的，不属于任何人”，这几乎使任何政府都无法控制。

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，稳定币始终需要一个中央权威，通常是像系或圈子这样的私人公司，才能使用现实世界中的资产来支持其价值，例如在银行中持有的现金。

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.

在过去的几年中，大多数政府在很大程度上忽略了稳定币，除非对洗钱有所担忧。这种脱颖而出的方法使稳定剂成为许多群体的流行工具，包括中国比特币矿工，他们将其用作稳定的价值存储或在没有摩擦的边界上移动资金。

But Ju says things are now starting to change.

但是JU说事情现在开始发生变化。

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.

他认为，未来，由政府发行或批准的稳定币可能会面临“巨大的税收，冻结的钱包或强制性的KYC文书工作”，这使用户更难自由地转移资金。

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

本质上，Stablecoins曾经提供的开放金融体系可能很快看起来更像是当前的银行系统。

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

为了应对这种日益增长的审查制度，JU说，黑stablecoins（私人，不受监管的替代方案）可能很快以两种主要形式出现。

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

他提到的一种有趣的可能性是一种分散的稳定剂，它使用分散的数据甲基链路（如链链接），反映了USDC等受监管的价格。

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

虽然他还没有看到一个有效的项目，但JU认为这将来可能是一个强有力的用例。

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

另一个有趣的想法ju浮出水面是，使用最广泛的稳定蛋白的系绳（USDT）可能会扮演“深色稳定”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决定不遵守未来的美国法规，尤其是在第二届特朗普政府的情况下，它可能会被视为在日益控制的互联网经济中对审查制度的替代方案。

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，在加密货币市场中将出现新趋势还有待观察。但是，随着行业的不断发展，看到这些事态发展是如何不断发展会很有趣的。