“摩根大通預測產生穩定的人可能會佔據市場份額的50％”

“摩根大通分析師正在預測屈服的穩定行業的顯著增長，包括與令牌化的美國財政部相關的行業”

JPMorgan analysts are predicting significant growth for the yielding stablecoin sector, with predictions that they could eventually make up 50% of the stablecoin market share.

摩根大通分析師正在預測，屈服穩定行業的顯著增長，並預測他們最終可以佔Stablecoin市場份額的50％。

Currently, yielding stablecoins account for only 6% of the overall stablecoin market cap, but analysts believe this could change dramatically in the near future, barring any major regulatory setbacks.

目前，生產Stablecoins僅佔整個Stablecoin市值的6％，但分析師認為，在不久的將來，這可能會發生巨大變化，禁止任何重大的監管挫折。

The JPMorgan report, led by Managing Director Nikolaos Panigirtzoglou, delves into the rapid expansion of the yielding stablecoin sector, focusing on leading contenders such as Ethena's USDe, Sky Dollar's USDS, BlackRock's BUIDL, Usual Protocol's USD0, and Ondo Finance's USDY.

由董事總經理Nikolaos Panigirtzoglou領導的摩根大通報告深入研究了屈服的Stablecoin領域的快速擴展，重點是諸如Ethena的USDE，Sky Dollar's，BlackRock的Buidl Buidl，通常的Protoptions usd0，以及Ondo Finance的USDY等領先的競爭者。

Since the U.S. elections in November, these stablecoins have seen an impressive surge in market value. Their combined market cap has soared from approximately $4 billion to over $13 billion.

自11月美國大選以來，這些Stablecoins的市場價值令人印象深刻。他們的總市值從約40億美元飆升至130億美元以上。

This growth is attributed to several factors, including recent developments in regulatory approvals and increased market adoption of these assets.

這種增長歸因於幾個因素，包括最新的監管批准發展以及增加這些資產的市場採用。

One notable milestone is the U.S. Securities and Exchange Commission's (SEC) approval of Figure Markets' YLDS stablecoin, which is registered as a security. This paves the way for broader adoption of yielding assets, which provide interest or yield on the reserve assets backing them.

一個值得注意的里程碑是美國證券交易委員會（SEC）批准人物市場的YLDS StableCoin，該委員會被註冊為安全。這為更廣泛的收益資產鋪平了道路，這些資產為支持它們的儲備金提供了利息或收益。

In contrast, traditional stablecoins like Tether's USDT and Circle's USDC do not distribute yield to users, mainly because offering such a feature would reclassify them as securities, subjecting them to stricter compliance and regulatory supervision.

相比之下，像Tether的USDT和Circle的USDC這樣的傳統穩定者不會向用戶分發收益，這主要是因為提供此類功能會將其重新分類為證券，使它們得到更嚴格的合規性和監管監督。

However, as more yielding stablecoins gain regulatory clarity and receive support from financial institutions, this segment of the market is expected to become a major player within the broader stablecoin ecosystem.

但是，隨著越來越多的Stablecoins獲得監管清晰度並獲得金融機構的支持，預計該市場將成為更廣泛的Stablecoin生態系統中的主要參與者。

This shift could have significant implications for the cryptocurrency industry, potentially reshaping the way digital currencies are used for both investment and transactional purposes in the evolving Web3 landscape.

這種轉變可能會對加密貨幣行業產生重大影響，可能會重塑數字貨幣在不斷發展的Web3景觀中用於投資和交易目的的方式。