PayPal高級副總裁Jose Fernandez da Ponte說，將銀行納入Stablecoin業務很重要

貝寶（Paypal）數字貨幣高級副總裁何塞·費爾南德斯（Jose Fernandez da Ponte）在多倫多的2025年共識會議上發表講話說，將銀行納入Stablecoin業務很重要

PayPal Senior Vice President of Digital Currencies Jose Fernandez da Ponte said at the Consensus 2025 conference in Toronto that incorporating banks into the stablecoin business is important and that without doing so, the full potential of these coins cannot be unlocked.

貝寶（PayPal）數字貨幣高級副總裁何塞·費爾南德斯·達·龐特（Jose Fernandez Da Ponte）在多倫多的2025年共識會議上說，將銀行納入Stablecoin業務很重要，而且如果不這樣做，這些硬幣的全部潛力就無法解鎖。

Stablecoins, digital currencies that track traditional assets like the US dollar, have taken on new prominence as a way to move money between the volatile, programmatic world of cryptocurrencies and the more predictable, government-controlled realm of the traditional financial system. But they have been hamstrung by regulatory grey areas and worries about financial stability.

穩定的數字貨幣是跟踪諸如美元的傳統資產的數字貨幣，它具有新的知名度，是一種在揮發性，加密貨幣的揮發性，程序化世界和傳統金融體系中更可預測的，更可預測的政府控制領域之間轉移金錢的一種方式。但是，他們因監管灰色地區而陷入困境，並擔心財務穩定性。

PayPal’s own stablecoin, PYUSD, launched in August 2023, is fully backed by US dollar deposits and short-term US treasuries, allowing for 1:1 redemption. Despite its potential, PYUSD’s adoption has been modest, with a market capitalization of approximately $872 million, compared to the stablecoin market’s total exceeding $238 billion.

PayPal自己的Stablecoin Pyusd於2023年8月推出，得到了美元存款和短期美國國債的全部支持，允許1：1贖回。儘管具有潛力，但Pyusd的採用措施仍然適中，市值約為8.72億美元，而Stablecoin市場的總價值超過2380億美元。

Fernandez’s comments come as lawmakers are close to passing stablecoin legislation that could transform the market and open it up to banks. The US also seeks to update rules around digital assets.

費爾南德斯（Fernandez）的評論是因為立法者接近通過Stablecoin立法，該立法可以改變市場並將其開放給銀行。美國還試圖更新有關數字資產的規則。

Fernandez da Ponte draws attention to the need for clear regulation in the crypto industry

費爾南德斯·達·龐特（Fernandez da Ponte）提請人們注意加密行業的明確法規

Fernandez da Ponte claims that although it may seem counterintuitive if stablecoins are to grow outside of crypto-native circles, the banks in this market will be essential because their infrastructure, from custody to providing fiat rails, will be crucial. Both the fabric and the connectivity must function.

費爾南德斯·達·龐特（Fernandez da Ponte）聲稱，儘管如果要在加密本地圈子之外增長，但這個市場上的銀行將是必不可少的，因為它們的基礎設施，從託管到提供菲亞特鐵路將是至關重要的，但似乎是違反直覺的。面料和連接性都必須起作用。

One other famous name that weighed in on the topic of conversation, Anthony Soohoo, chairman and CEO of MoneyGram, a cross-border money transfer service, claimed that this was a big breakthrough. Based on his argument, “There’s always hesitation: Can I trust this? [The stablecoin legislation] will answer many of those questions.”

另一個著名的名字在談話的話題上，跨境貨幣轉移服務Moneygram董事長兼首席執行官Anthony Soohoo聲稱這是一個很大的突破。基於他的論點：“總是猶豫：我可以相信這一點嗎？[Stablecoin立法]會回答許多問題。”

Once there are clear regulations, both executives said, they expect consolidation after a wave of new issuers floods the industry. Fernandez da Ponte said there wouldn’t be just two stablecoins, or even 300, but more than that.

兩位高管都說，一旦有明確的法規，他們預計在一波新發行人淹沒了該行業後的合併。費爾南德斯·達·龐特（Fernandez da Ponte）說，不僅有兩個穩定幣，甚至不僅僅是300人，但不僅僅是。

The stablecoin market is, at present, mostly run by Tether and Circle’s Stablecoins, commanding almost 90 of the $230 billion asset class. However, at a supply of $900 million, PYUSD is far behind.

目前，Stablecoin市場主要由Tether和Circle的Stablecoins經營，在2,300億美元的資產類別中，有近90個。但是，Pyusd的供應量為9億美元，遠遠落後。

Fernandez said market capitalization should not be the basis for measuring success. He said one should focus on velocity, active wallets, and the total number of transactions, emphasizing that drives actual use.

費爾南德斯說，市值不應該是衡量成功的基礎。他說，應該專注於速度，主動錢包和交易總數，強調推動實際使用的速度。

In the meantime, customers have been hunting for stablecoins backed by dollars that they can use for international payments and as stores of value in nations with high inflation and volatile currencies. MoneyGram, which has nearly a million cash-access locations in over 200 countries, helps enable that access, Soohoo says.

同時，客戶一直在尋找以美元用於國際支付的美元支持的穩定幣，並作為高通貨膨脹和波動性貨幣的國家的價值存儲。 Soohoo說，Moneygram在200多個國家 /地區擁有近100萬個現金訪問地點，這有助於實現這些訪問。

According to reports, developed countries have been slower in embracing stablecoins. With adequate clear regulation, stablecoins can streamline cross-border disbursements and corporate treasury activities, Fernandez da Ponte said.

據報導，發達國家擁抱穩定的國家的速度較慢。 Fernandez da Ponte說，有了足夠明確的法規，Stablecoins可以簡化跨境支出和公司財政部活動。