menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptocurrency News

>

‘Dark’ Sta...
source image

Bitcoinist

2M

read

27

img
dot

Image Credit: Bitcoinist

‘Dark’ Stablecoins On The Horizon? CEO Warns Of Danger

  • Governments worldwide are increasing regulations on stablecoins, prompting some users to consider using 'dark' or private stablecoins to avoid censorship and control.
  • Algorithmic stablecoins, which rely on code to maintain their peg, face risks such as sudden collapses, as seen in the case of UST in 2022.
  • Privacy coins like Zcash and Monero have existed for years, allowing users to conceal transaction details. Newer initiatives aim to obscure stablecoin transactions on the blockchain for enhanced privacy.
  • The stablecoin market continues to expand, with US dollar-denominated stablecoins reaching over $230 billion in market capitalization. While regulated stablecoins are preferred by businesses and institutions for compliance, 'dark' stablecoins may find a niche for cross-border transactions.

Read Full Article

like

1 Like

For uninterrupted reading, download the app