Recently, I've started to focus on another line of Midnight, not airdrops, not whitelists, and not those overused privacy scenarios, but compliance-based stablecoins.
This point was released by the project team themselves.
In the official update from January, W3i Software is working on shieldUSD based on Midnight, with a very direct direction, to create a privacy stablecoin with selective disclosure.
To put it bluntly, the money still runs on the chain, compliance checks can be done, but transaction details, commercial counterparties, and funding paths do not need to be publicly exposed like they are now.
Why is this important?
Because many institutions are not avoiding the chain, but they dare not put settlements and ledgers naked on the chain.
The benefits of a public chain are well understood by everyone, and they also understand the drawbacks. The amounts are visible, the counterparties are visible, the rhythms are also visible, and once the business is on-chain, many bottom cards go up with it.
@MidnightNetwork has always talked about rational privacy, and in this flow of money scenario, it becomes very practical; the system needs to verify whether you are compliant, not to drag out the entire business relationship casually.
$NIGHT and the DUST structure are not just for show.
$NIGHT is positioned at the capital layer, while DUST is responsible for transactions and contract execution. If we really want to run stablecoin settlements, clearings, and audits in the long term, this kind of layering is much smoother than simply relying on a gas coin.
Many people still regard Midnight as a privacy narrative project, but I prefer to see it as already laying the groundwork for the next step in on-chain institutional settlements.
@MidnightNetwork $NIGHT #night 493
