Coinbase（Coin）和PayPal（PYPL）已合作製作付款巨頭的Stablecoin，PayPal USD（PYUSD），更容易購買和使用

Coinbase（硬幣1.77％）和PayPal（PYPL 2.81％）已聯手使付款巨頭的穩定股PayPal USD（Pyusd -0.00％），更易於購買和使用。

Coinbase (NASDAQ:COIN) and PayPal (NASDAQ:PYPL) are teaming up to make the payment giant's stablecoin, PayPal USD (CRYPTO:PYUSD), easier to buy and use.

Coinbase（NASDAQ：COIN）和PAYPAL（NASDAQ：PYPL）正在合作，使付款巨頭的Stablecoin，PayPal USD（Crypto：Pyusd），更易於購買和使用。

What Happened: Coinbase and PayPal are deepening their partnership to help drive the adoption of the PYUSD stablecoin, the two companies said on Monday, April 24.

發生的事情：兩家公司在4月24日星期一表示，Coinbase和Paypal正在加深他們的合作夥伴關係，以幫助推動Pyusd Stablecoin的採用。

PayPal is planning to add the stablecoin to more of its products to make payments cheaper and faster for merchants, and they will also work together on ways to use PYUSD in decentralized finance.

PayPal計劃將Stablecoin添加到更多產品中，以使商人更便宜，更快地付款，他們還將共同努力，以使用Pyusd在分散融資中使用Pyusd。

The two companies are also planning to collaborate on ways to use PYUSD in decentralized finance (DeFi). People invest in cryptocurrencies in the hope that their value will increase. But most types of stablecoins are designed to hold a nearly constant value.

兩家公司還計劃在分散的金融（DEFI）中使用Pyusd使用Pyusd的方法。人們投資加密貨幣，希望其價值會增加。但是，大多數類型的Stablecoins旨在具有幾乎恆定的價值。

Related Link: Exclusive: How A Crypto Billionaire Is Making A Last Stand Against A 'Deceptive' Short Seller

相關鏈接：獨家：加密貨幣億萬富翁如何對“欺騙性”短賣方做出最後的立場

Why It's Important: As one of the leading U.S. crypto exchanges and a major player in e-commerce and online payments, Coinbase and PayPal could play a role in increasing the adoption of cryptocurrencies.

為什麼重要的是：作為美國領先的加密交易所之一，以及電子商務和在線付款的主要參與者，Coinbase和PayPal可能在增加採用加密貨幣方面發揮作用。

Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. As such, they offer a blockchain-based payment method that doesn't suffer from crypto’s usual volatility. There’s fierce competition for market share among the various stablecoins, and PayPal’s Coinbase deal could give it a serious leg up.

Stablecoins是加密貨幣，與美元等現實世界中的資產掛鉤。因此，他們提供了一種基於區塊鏈的付款方式，這種方法不會遭受加密貨幣通常的波動。各種穩定幣之間存在激烈的市場份額競爭，而貝寶（Paypal）的共同交易可能會給它帶來嚴肅的腳步。

Let’s look at why the deal matters and how increased stablecoin usage is good for the wider crypto ecosystem.

讓我們看看為什麼這筆交易很重要，以及增加的穩定使用對更廣泛的加密生態系統有益。

Coinbase and PayPal’s PYUSD deal

Coinbase和PayPal的PYUSD交易

On April 24, Coinbase and PayPal said they were deepening their partnership to help drive the adoption of the PYUSD stablecoin. PayPal is planning to add the stablecoin to more of its products to make payments cheaper and faster for merchants.

4月24日，Coinbase和Paypal表示，他們正在加深他們的合作夥伴關係，以幫助推動Pyusd Stablecoin的採用。 PayPal計劃將Stablecoin添加到更多產品中，以使商人更便宜，更快。

For crypto investors, one important part of the deal is that the two companies plan to collaborate on ways to use PYUSD in decentralized finance (DeFi). DeFi allows people to manage money without relying on intermediaries like banks. An example would be earning interest through peer-to-peer lending.

對於加密投資者來說，交易的一個重要部分是，兩家公司計劃在分散融資（DEFI）中使用Pyusd的方法進行合作。 DEFI允許人們在不依靠銀行等中介機構的情況下管理資金。一個例子是通過對等貸款賺取興趣。

Increased adoption of DeFi is somewhat of a work in progress. It’s hampered by various issues, from limited utility to critical vulnerabilities and regulatory issues. It could be a real-world use case for cryptocurrency, but it has a long way to go before people trust it with their cash.

提高DEFI的採用在某種程度上有點正在進行中。從有限的效用到關鍵脆弱性和監管問題，它受到了各種問題的阻礙。這可能是用於加密貨幣的真實用例，但是在人們以現金信任之前，還有很長的路要走。

Stablecoins and crypto investment

Stablecoins和加密貨幣投資

PayPal launched its dollar-pegged stablecoin earlier in 2023, but it has yet to take significant market share from current leaders, Circle's USDC and Tether. This deal increases PayPal’s potential to disrupt the status quo and become a serious contender in the stablecoin market.

PayPal於2023年初推出了其美元的Stablecoin，但尚未從現任領導者，Circle的USDC和Tether中取得很大的市場份額。這項交易增加了貝寶（Paypal）破壞現狀並成為Stablecoin市場中的認真競爭者的潛力。

Stablecoins are a significant part of the crypto market. According to CEX.IO, stablecoin transfer volume reached $27.6 trillion in 2024 -- more than the combined volume of Visa (NYSE:V) and Mastercard (NYSE:MA). They offer many of the advantages of blockchain technology, such as speedy, low-cost transactions, without the volatility of other cryptocurrencies.

Stablecoins是加密市場的重要組成部分。根據Cex.io的說法，Stablecoin轉移量在2024年達到27.6萬億美元 - 超過簽證（NYSE：V）和MasterCard（NYSE：MA）的合併量。他們提供了區塊鏈技術的許多優勢，例如快速，低成本的交易，而沒有其他加密貨幣的波動。

People often describe stablecoins as a relatively safe way to dip your toe in the crypto waters, but that’s not entirely true. First, stablecoins are not as safe as people like to think. Second, by nature, their prices won’t increase the way Bitcoin or Ethereum might. And third, a stablecoin that’s pegged to the U.S. dollar can’t act as a hedge against the devaluation of that same currency.

人們經常將Stablecoins描述為將您的腳趾浸入加密水域的相對安全的方法，但這並非完全正確。首先，穩定的人不像人們喜歡的那樣安全。其次，從本質上講，他們的價格不會增加比特幣或以太坊的方式。第三，與美元掛鉤的穩定者不能充當對同一貨幣貶值的對沖。

Of course, the prices also won’t decrease dramatically -- unless the stablecoin fails, which is what happened with TerraUSD in 2024. People put a small part of their investment cash into cryptocurrency because they think it might increase in value over time. But you won’t get rich slow with stablecoins. If you’re holding stablecoins as a safe investment, you’d be better off leaving your money in the bank.

當然，價格也不會大大降低 - 除非Stablecoin失敗了，這是Terrausd在2024年發生的事情。人們將其投資現金的一小部分投入了加密貨幣，因為他們認為它的價值可能會隨著時間的推移而增加。但是您不會因穩定劑而變得富裕。如果您將Stablecoins作為安全投資，那麼最好把錢留在銀行中。

Stablecoins can sometimes generate passive income in the form of interest paid on deposits. For example, PayPal told Bloomberg that it will offer a 3.7% yield on PYUSD holdings, starting later this year. But that’s also more complicated than it seems. Unlike dollars in a bank, stablecoins are not protected by Federal Deposit Insurance Corporation coverage.

穩定幣有時可以以支付的存款的利益形式產生被動收入。例如，貝寶告訴彭博社，從今年晚些時候開始，Pyusd Holdings的收益率將為3.7％。但這也比看起來還要復雜。與銀行中的美元不同，Stablecoins不受聯邦存款保險公司覆蓋的保護。

Some stablecoin issuers, such as PYUSD and USDC, say that they back every coin issued with real-world assets. This helps them maintain their peg and offers protection against the stablecoin equivalent of a bank run. Even so, there’s a lot of uncertainty about what consumer protections apply to these bank-like services. Regulation is in the pipeline, but not yet in place.

一些Stablecoin發行人（例如Pyusd和USDC）說，他們支持了所有帶有現實世界中資產的硬幣。這有助於他們維持釘子，並提供防止與銀行運營相當的穩定幣。即便如此，對於這些類似銀行的服務，哪些消費者保護措施也有很多不確定性。法規正在管道中，但尚未到位。

Why the Coinbase-PayPal deal could rock crypto

為什麼Coinbase-Paypal交易可以搖滾加密

One reason cryptocurrency is such

加密貨幣的原因之一