Well, you don't have to have a standalone coin to get the features you desire. For example the AZTEC Network, which is a privacy protocol, can be used with any Ethereum-based ERC20 token, including algorithmic stablecoins like DAI, and soon Reserve.
A demo a couple years ago showed AZTEC being used to conduct privacy-protected DAI transactions for the first time:
Since then, AZTEC's privacy technology has become more efficient in terms of gas, and more effective at protecting privacy, going from protecting merely the privacy of amounts, to protecting the privacy of amounts transferred and sending/receiving addresses.
AZTEC is also developing a zk-Rollup, which increases Ethereum's maximum throughput from 15 tps to 3,000 tps, so that these private stablecoin transactions can be done at scale (though not 3,000 tps, since privacy comes with a computational and state storage overhead, but still much greater than 15 tps).
You are wrong. We have one which is what he want !!!
Asset “xUSD” - first and only untraceable private stablecoin in monero based blockchain developed by www.havenprotocol.org team. XUSD was started 07/2020 and soon in 02-03/2021 team also start next four assets - xEUR, xCNY, xGOLD and xSILVER. All in private haven protocol.
Monero exists in a global market. There are many many exchanges all over the world. On top of that, Monero can be trivially exchanged for other cryptocurrencies without the use of custodial/permissioned exchanges. The cryptocurrency genie is out of its bottle.
Pure propaganda with no evidence. Major exchanges like Kraken are still trading it even in USA.
Even if it were banned it would have little long-term impact. Literally impossible to stop decentralized swaps unless they also cripple BTC. it would be very powerful actually for people to realise how unstoppable it is.
Mister, we have “xUSD” !!! It is first and only private untraceable stablecoin math backed on $XHV blockchain which is fork of $XMR.
See www.havenprotocol.org
Haven Protocol’s xUSD is what your’re looking for. The potential for this one is huge. Just check havenprotocol.org or join the discord server. Very active community and really exciting stuff to come such other xAssets including gold, silver, euro and Chinese yuan, all with Monero tech. Twitter is @HavenXHV. Cheers.
A demo a couple years ago showed AZTEC being used to conduct privacy-protected DAI transactions for the first time:
https://twitter.com/avsa/status/1068536063470125056
Since then, AZTEC's privacy technology has become more efficient in terms of gas, and more effective at protecting privacy, going from protecting merely the privacy of amounts, to protecting the privacy of amounts transferred and sending/receiving addresses.
AZTEC is also developing a zk-Rollup, which increases Ethereum's maximum throughput from 15 tps to 3,000 tps, so that these private stablecoin transactions can be done at scale (though not 3,000 tps, since privacy comes with a computational and state storage overhead, but still much greater than 15 tps).