貝寶（Jose Fernandez Da Ponte）預測，銀行將是Stablecoin成功的關鍵

在多倫多共識2025會議的未來派氛圍中，貝寶（Paypal）在數字貨幣中的聲音，何塞·費爾南德斯

Seated amidst the futuristic ambiance of Toronto’s Consensus 2025 conference, PayPal's voice in digital currencies, Jose Fernandez da Ponte, dropped an unexpected name in his formula for stablecoin success: banks. The very institutions many see as crypto's antithesis could be pivotal to lifting stablecoins from niche obscurity to mainstream prominence.

在多倫多共識2025會議的未來派氛圍中，貝寶（Paypal）在數字貨幣中的聲音，何塞·費爾南德斯·達·龐特（Jose Fernandez da Ponte）坐下來，他在他的stablecoin成功的公式中刪除了一個意外的名字：銀行。許多機構認為，許多機構是加密對立面可能是將穩定的穩定者從利基晦澀難懂到主流突出的關鍵。

Why would stablecoins, the digital marvel designed to bypass traditional finance, need banks? The answer, da Ponte asserts, lies in the robust infrastructure and reliable networks that banks possess. Their intricate webs of custody solutions and fiat on-ramps are crucial for enabling seamless value transfer and greater adoption of stablecoins.

為什麼旨在繞過傳統金融的數字漫威Stablecoins需要銀行？達龐特（Da Ponte）斷言，答案在於銀行擁有的強大基礎架構和可靠的網絡。他們複雜的監護權解決方案和法定升級網絡對於實現無縫的價值轉移和更多采用穩定的人至關重要。

This isn't just speculative thought—it reflects a broader regulatory wave washing over the financial landscape. As U.S. lawmakers inch toward comprehensive stablecoin legislation, guardrails are being set to usher banks into the realm of digital assets. Such legislation can clear the fog of doubt surrounding stablecoins, according to Anthony Soohoo, the CEO of MoneyGram. Consumers and issuers alike question the reliability of these currencies without traditional oversight. Regulation, Soohoo believes, will dissolve these fears, broadening the entryway for new stablecoin issuers in a burgeoning market.

這不僅僅是投機性的思想，它反映了金融景觀上更廣泛的監管浪潮。隨著美國立法者朝著全面的穩定立法邁進，將護欄置於將銀行帶入數字資產領域。 Moneygram首席執行官Anthony Soohoo表示，此類立法可以清除圍繞Stablecoins的懷疑霧。消費者和發行人都質疑這些貨幣的可靠性，而沒有傳統的監督。 Soohoo認為，法規將消除這些恐懼，從而在新興的市場中擴大了新的Stablecoin發行人的入口。

However, amidst this impending infusion of stablecoins, da Ponte tempers expectations. The future won't host hundreds of coins vying for dominance, nor will it see a mere duopoly. Instead, the landscape will evolve through a period of natural selection and consolidation.

但是，在這種即將注入穩定蛋白的過程中，達龐特脾氣期望。未來不會舉辦數百枚爭奪主導地位的硬幣，也不會僅僅看到雙頭壟斷。相反，景觀將通過自然選擇和鞏固時期發展。

Current Market Titans and Emerging Contenders

當前的市場泰坦和新興競爭者

Today, Tether's USDT and Circle's USDC largely overshadow the stablecoin arena, together contributing a hefty share of the $230 billion pie. In contrast, PayPal's PYUSD trails with a smaller $900 billion supply. But Fernandez da Ponte challenges the narrative that market cap is the defining metric of success. True growth, in his eyes, mirrors the bustling activity within a network—transaction velocity, active wallets, and real-world usage all paint a more comprehensive picture.

如今，Tether的USDT和Circle的USDC在很大程度上掩蓋了Stablecoin Arena，共同貢獻了2,300億美元的派。相比之下，PayPal的Pyusd Trails供應量較小9000億美元。但是費爾南德斯·達·龐特（Fernandez da Ponte）挑戰了市值是成功的定義指標。在他眼中，真正的增長反映了網絡中繁華的活動 - 交易速度，主動錢包和現實世界中的用法都繪製了更全面的畫面。

In certain regions, where inflation looms large, stablecoins already serve as lif buoys, tethering financial stability to the dependable U.S. dollar. MoneyGram, bridging the gap between cash and crypto, empowers consumers across 200 countries to harness stablecoins for cross-border transactions—a testament to their utility in volatile economic landscapes.

在某些地區，通貨膨脹籠罩著大的地區，穩定的穩定幣已經充當LIF浮標，將財務穩定性歸結為可靠的美元。 Moneygram，彌合現金與加密貨幣之間的差距，使200個國家 /地區的消費者能夠利用穩定的交易，這證明了它們在波動性經濟景觀中的效用。

In stark juxtaposition, developed nations have shown more hesitancy. Da Ponte anticipates that with regulatory clarity, stablecoins could streamline treasury operations, eliminating the age-old rush to settle finances before the weekend—a headache turned history through instantaneous digital transactions.

在鮮明的並置，發達國家表現出更加猶豫的。達·龐特（Da Ponte）預計，符合法規的清晰度，Stablecoins可以簡化財政部業務，從而消除了古老的急於在周末之前解決財務狀況的急速 - 這種頭痛通過瞬時的數字交易使歷史轉變為歷史。

The Future of Stablecoins: Beyond Numbers and Buzzwords

Stablecoins的未來：超出數字和流行語

Both visionaries agree: forget the hype. Stablecoins will only thrive through concrete, problem-solving applications. Consumers prioritize solutions over buzzwords—a sentiment da Ponte encapsulates in a forward-looking assessment. Standing five years into a decade-long journey, he emphasizes the pivotal role of pending regulations in shaping the destiny of stablecoins.

兩個有遠見的人都同意：忘記炒作。 Stablecoins只會通過混凝土，解決問題的應用來壯成長。消費者將解決方案優先於流行語，這種情緒納入了前瞻性評估中。在長達十年的旅程中，他強調了待定法規在塑造Stablecoins命運方面的關鍵作用。

The takeaway is clear: while algorithms and innovation drive the world of stablecoins, their acceptance and success could hinge on an unexpected ally—the long-trusted banks.

要點很明確：雖然算法和創新推動了Stablecoins的世界，但他們的接受和成功可能取決於意想不到的盟友 - 長期以來的經驗豐富的銀行。

Will Banks Pioneer the Future of Stablecoins? Surprising Insights from Industry Leaders

銀行會先鋒穩定的未來嗎？來自行業領導者的令人驚訝的見解

Understanding the Role of Banks in Stablecoin Evolution

了解銀行在Stablecoin進化中的作用

Stablecoins, designed to offer stability in the volatile crypto market by being pegged to traditional currencies like the U.S. dollar, are seemingly at odds with the conventional banking system. Yet, this apparent contradiction may be the very key to their mainstream adoption. According to Jose Fernandez da Ponte of PayPal, banks provide the robust infrastructure and reliable networks necessary for stablecoin success.

Stablecoins旨在通過掛鉤像美元這樣的傳統貨幣來在揮發性加密市場中提供穩定性，似乎與傳統的銀行系統不符。但是，這種明顯的矛盾可能是他們主流採用的關鍵。根據PayPal的Jose Fernandez Da Ponte的說法，銀行提供了堅固的基礎設施和可靠的網絡，這是成功的成功。

Why Banks Are Essential for Stablecoins

為什麼銀行對於穩定幣至關重要

1. Custody Solutions: Banks have experience and infrastructure for secure storage and custody services, ensuring that digital assets, including stablecoins, are safely managed. 2. Fiat On-Ramps: Banks offer seamless fiat on-ramps, allowing easy conversion between cryptocurrencies and traditional currencies, which is essential for user adoption. 3. Regulation and Trust: Banks bring regulatory oversight which can increase consumer trust in stablecoins, addressing concerns over their reliability.

1。保管解決方案：銀行擁有安全存儲和監護服務的經驗和基礎設施，以確保安全管理在內的數字資產。 2。菲亞特（Fiat fiat）坡道：銀行提供無縫的命令式坡道，可以輕鬆地在加密貨幣和傳統貨幣之間進行轉換，這對於用戶採用至關重要。 3.法規和信任：銀行帶來監管監督，可以增加消費者對Stablecoins的信任，從而解決對其可靠性的擔憂。

The push towards comprehensive stablecoin legislation in the U.S. aims to integrate banks more closely into the digital asset landscape. This legislation can demystify the stablecoin market, as highlighted by Anthony Soohoo, CEO of MoneyGram, offering clear rules and protections for both issuers and users.

邁向美國全面的穩定立法，旨在將銀行更加緊密地整合到數字資產格局中。正如Moneygram首席執行官Anthony Soohoo強調的那樣，這項立法可以使STABLECOIN市場神秘化，為發行人和用戶提供了明確的規則和保護。

Impact on Issuers: Emerging stablecoin issuers would find it easier to enter the market with a clear regulatory framework, potentially leading to increased competition and innovation. Consumer Trust: Regulation could enhance consumer confidence, a crucial factor for the widespread acceptance and use of stablecoins.

對發行人的影響：新興的Stablecoin發行人會發現，通過明確的監管框架進入市場將更容易，有可能導致競爭和創新增加。消費者信任：法規可以增強消費者的信心，這是穩定接受和使用Stablecoins的關鍵因素。

Current Market Leaders and Future Trends

當前的市場領導者和未來趨勢

Tether's USDT and Circle's USDC currently dominate the stablecoin space, together holding a significant share of the $230 billion stablecoin market. In contrast, PayPal's PYUSD has a smaller presence with a $90

Tether的USDT和Circle的USDC目前在Stablecoin空間中佔據主導地位，共同在2300億美元的Stablecoin市場中佔有很大份額。相比之下，貝寶（Paypal）的pyusd的存在較小，$ 90