以太坊，USDT和領導鏈：有什麼交易？

以太坊在機構採用的推動下恢復了其USDT的主導地位，而Tether Mint則更多的USDT來滿足需求不斷上升的需求。 ETH是Stablecoins的領先鏈嗎？

Ethereum, USDT, and the Leading Chain: What's the Deal?

以太坊，USDT和領導鏈：有什麼交易？

Ethereum is back on top as the primary blockchain for USDT deployment, surpassing Tron. Fuelled by institutional adoption and increasing demand, what does this mean for the future of stablecoins and the leading chain?

以太坊重新成為USDT部署的主要區塊鏈，超過了Tron。在機構採用和增加需求的推動下，這對Stablecoins和領先鏈的未來意味著什麼？

Ethereum Reclaims USDT Dominance

以太坊恢復了USDT的主導地位

Since May, the USDT supply on the Ethereum blockchain has surged by approximately $17 billion, reaching a whopping $77 billion. This impressive growth marks a significant shift, reversing Tron's temporary lead earlier in the year. While Tron still holds a substantial $76.23 billion, Ethereum's resurgence highlights its growing importance in the stablecoin ecosystem.

自5月以來，以太坊區塊鏈上的USDT供應增長了約170億美元，達到了770億美元。這種令人印象深刻的增長標誌著重大的轉變，扭轉了特隆在今年早些時候的臨時領導。儘管特隆仍然擁有762.3億美元的巨額資金，但以太坊的複興強調了其在Stablecoin生態系統中的重要性。

Institutional Adoption Fuels ETH's Rise

機構採用促進ETH的興起

While retail traders often prefer Tron for its lower fees, Ethereum's institutional-grade infrastructure, deep liquidity, and extensive DeFi ecosystem are attracting major players. The integration of stablecoins like PayPal's PYUSD into Ethereum, which currently boasts $1.75 billion in supply, further solidifies ETH's position as the preferred network for institutional stablecoin flows.

儘管零售商人通常更喜歡Tron的較低費用，但以太坊的機構基礎設施，深厚的流動性和廣泛的Defi生態系統吸引了主要參與者。當前擁有17.5億美元供應的貝帕爾（Paypal）pyusd等穩定幣將其集成到以太坊中，進一步鞏固了ETH作為機構Stablecoin流的首選網絡的地位。

Tether's USDT Mint Signals Growing Demand

Tether的USDT Mint信號不斷增長

Tether recently minted another $1 billion in USDT on the Ethereum blockchain, a move that underscores the increasing demand for stablecoin liquidity in crypto markets. This action aims to support increased trading and DeFi activity, reinforcing USDT's role as a core component of crypto capital flows.

Tether最近在Ethereum區塊鏈上造成了額外的10億美元，這一舉動強調了加密貨幣市場對Stablecoin流動性的需求不斷增長。該行動旨在支持增加的貿易和挑戰活動，從而增強了USDT作為加密資本流量的核心組成部分的作用。

Is Ethereum the Undisputed Leader?

以太坊是無可爭議的領導者嗎？

Ethereum's dominance in USDT deployment, coupled with its robust infrastructure and growing institutional adoption, suggests it is becoming the leading chain for stablecoins. The network's ability to handle large volumes and provide a secure environment positions it as the primary settlement layer for institutional financial applications. While other chains like Tron, BSC, and Solana play a role, Ethereum's current trajectory points towards continued leadership.

以太坊在USDT部署中的主導地位，再加上其強大的基礎設施和日益增長的機構採用，這表明它正在成為Stablecoins的領先鏈。該網絡處理大量批量並提供安全環境的能力將其定位為機構財務應用的主要結算層。儘管其他連鎖店（例如Tron，BSC和Solana）發揮了作用，但以太坊目前的軌跡指向持續領導。

The GENIUS Act and Stablecoin Competition

《天才法》和Stablecoin競賽

The U.S. regulatory framework, particularly the GENIUS Act, is shaping the stablecoin landscape. This act sets comprehensive standards for stablecoins, emphasizing transparency and reserve disclosure. While Circle's USDC is already largely compliant, Tether is also adapting, launching USAT for the U.S. market while continuing to issue USDT globally. This regulatory push is fostering healthy competition and innovation within the stablecoin space.

美國監管框架，尤其是《天才法》，正在塑造穩定的景觀。該法案為穩定幣設定了全面的標準，強調透明度和儲備披露。雖然Circle的USDC已經在很大程度上合規，但Tether也在適應，為美國市場推出了USAT，同時繼續在全球發行USDT。這種監管推動力是在Stablecoin領域促進健康的競爭和創新。

Final Thoughts

最後的想法

So, Ethereum's back in the USDT driver's seat, and Tether's printing money (well, USDT) like it's going out of style. Will ETH maintain its lead? Only time will tell, but one thing's for sure: the stablecoin game is getting more interesting by the day. Buckle up, folks!

因此，以太坊回到了USDT駕駛員的座位上，而Tether的印刷資金（好，USDT）就像過時的時尚一樣。 ETH會保持領先地位嗎？只有時間會說明，但是可以肯定的是：Stablecoin遊戲每天都變得越來越有趣。搭扣，伙計們！