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Avery Ching questions the viability of stablecoins as direct replacements for traditional financial systems. Ching points out that fully transparent payment rails are unlikely to be adopted by companies for payroll or general payments, while fully private solutions are expected to meet regulatory resistance. According to Ching, neither approach is scalable. As an alternative, Ching proposes a model where confidentiality is the default setting but remains auditable on demand. He mentions the development of next-generation confidential assets as a potential solution.
Ching has previously said that confidential, compliant technology on Aptos could significantly increase stablecoin volume in the crypto sector, according to a past statement. He has also pointed to the use of encrypted transactions on Aptos to protect user intent by hiding it until ordering is finalized, as noted in an earlier report. These comments reflect ongoing development around privacy and transparency in digital asset payments.