穩定幣的繁榮預示著加密貨幣的大規模採用

穩定幣市場正在蓬勃發展，2024 年持有地址數量將成長 15%，達到超過 9,360 萬。 Tether (USDT) 以 1,140 億美元的市值主導市場，而在交易所上市的 35 種穩定幣總市值達 1,570 億美元。上個月活躍穩定幣地址超過 2,600 萬，其中 77% 在 TRON 和幣安智能鏈上。穩定幣作為支付方式和價值儲存在高通膨國家越來越受歡迎，而且監管也變得更加明確，美國提出了一項將非銀行機構發行量限制在 100 億美元的法案。

Stablecoin Market Soars, Hinting at Broader Crypto Adoption

穩定幣市場飆升，暗示加密貨幣將得到更廣泛的採用

The stablecoin market is experiencing a meteoric rise in activities, signaling a potential surge in the adoption of cryptocurrencies across the globe. According to a recent report by rwa.xyz, the number of addresses holding dollar and crypto-backed stablecoins has surged by 15% in 2024, reaching an unprecedented high of over 93.6 million. This indicates a burgeoning interest in stablecoins as a store of value and a medium of exchange.

穩定幣市場的活動正在急劇增加，這表明全球範圍內加密貨幣的採用可能會激增。根據 rwa.xyz 最近的一份報告，持有美元和加密貨幣支持的穩定幣的地址數量在 2024 年激增了 15%，達到前所未有的高點，超過 9,360 萬個。這顯示人們對穩定幣作為價值儲存手段和交換媒介的興趣日益濃厚。

The market is dominated by Tether's USDT, which boasts a market capitalization of $114.07 billion, accounting for over 80% of all stablecoin addresses. USDC and BUSD rank second and third, respectively, highlighting the dominance of dollar-pegged stablecoins.

該市場由 Tether 的 USDT 主導，其市值為 1,140.7 億美元，佔所有穩定幣地址的 80% 以上。 USDC 和 BUSD 分別排名第二和第三，凸顯了與美元掛鉤的穩定幣的主導地位。

Unwavering Growth Amidst Market Fluctuations

市場波動中堅定不移的成長

Remarkably, the number of stablecoin addresses has continued to increase even during the recent crypto bear market. This trend can be attributed to the Federal Reserve's rapid interest rate hikes, which has fueled investor interest in US dollar derivatives, including dollar-pegged crypto assets.

值得注意的是，即使在最近的加密貨幣熊市期間，穩定幣地址的數量仍在持續增加。這一趨勢可歸因於聯準會的快速升息，這激發了投資者對美元衍生品（包括與美元掛鉤的加密資產）的興趣。

Beyond holding addresses, the number of addresses actively transferring stablecoins has also been steadily increasing. According to the data, these active stablecoin addresses surpassed 26 million for the first time last month, indicating a surge in the use of stablecoins for payments and transactions.

除了持有地址之外，主動轉移穩定幣的地址數量也在穩定增加。數據顯示，上個月這些活躍穩定幣地址首次突破 2,600 萬，顯示穩定幣用於支付和交易的使用量激增。

A closer examination of the data reveals that nearly 20 million, or 77%, of these addresses are on TRON and Binance Smart Chain (BSC), indicating the highest retail investor engagement. Despite their dominance in active address counts, TRON and BSC account for a smaller fraction of dollar volumes, as highlighted in the latest edition of the crypto analytics newsletter - OurNetwork.

對數據的仔細檢查顯示，這些地址中有近 2000 萬個（即 77％）位於 TRON 和幣安智能鏈（BSC）上，這表明散戶投資者的參與度最高。儘管 TRON 和 BSC 在活躍地址數量方面佔據主導地位，但它們在美元交易量中所佔的比例較小，正如最新一期的加密分析時事通訊 - OurNetwork 所強調的那樣。

The report emphasizes the popularity of stablecoins among individual address holders. However, Ethereum and its competitor Solana control a sizable portion of the transfer volume thanks to their broader ecosystems.

該報告強調了穩定幣在個人地址持有者中的受歡迎程度。然而，以太坊及其競爭對手 Solana 憑藉其更廣泛的生態系統控制了相當大一部分的傳輸量。

Real-World Applications of Stablecoins

穩定幣的實際應用

In countries with high inflation rates like Zimbabwe and Nigeria, stablecoins have gained traction as alternative payment methods, remittance tools, and value storage assets. In more advanced economies, stablecoins are primarily used to facilitate cryptocurrency purchases.

在津巴布韋和奈及利亞等通貨膨脹率較高的國家，穩定幣作為替代支付方式、匯款工具和價值儲存資產受到了廣泛關注。在較發達的經濟體中，穩定幣主要用於促進加密貨幣購買。

It is no wonder that Tether LTD, the issuer of USDT, recently partnered with Telegram Open Network (TON) to issue $60 million USDT on the TON blockchain, further expanding the reach and accessibility of stablecoins.

難怪 USDT 的發行方 Tether LTD 最近與 Telegram Open Network (TON) 合作，在 TON 區塊鏈上發行了 6000 萬美元的 USDT，進一步擴大了穩定幣的覆蓋範圍和可及性。

Regulatory Clarity on the Horizon

監管清晰即將到來

Meanwhile, a report by S&P indicates that banks are more likely to embrace stablecoins as regulations become clearer. The momentum for regulatory clarity was boosted last week when US Senators Cynthia Lummis and Kirsten Gillibrand introduced a comprehensive 179-page bill to regulate stablecoins.

同時，標準普爾的一份報告表明，隨著監管變得更加明確，銀行更有可能接受穩定幣。上週，美國參議員辛西婭·魯米斯(Cynthia Lummis) 和克爾斯滕·吉利布蘭德(Kirsten Gillibrand) 提出了一項長達179 頁的全面法案來監管穩定幣，這增強了監管明確性的勢頭。

One key aspect of the proposed rules is a cap on non-banking institutions, limiting their stablecoin issuance to a maximum of $10 billion. S&P also stated that USDT issued by a non-US entity would not be recognized as a permitted payment stablecoin under the proposed legislation.

擬議規則的一個關鍵方面是對非銀行機構的上限，將其穩定幣發行上限限制在 100 億美元。標準普爾還表示，根據擬議的立法，非美國實體發行的 USDT 不會被視為允許的支付穩定幣。

The proposed regulations aim to provide a clear framework for the issuance and use of stablecoins, which could pave the way for broader adoption by financial institutions and mainstream investors.

擬議的法規旨在為穩定幣的發行和使用提供明確的框架，這可能為金融機構和主流投資者更廣泛採用鋪平道路。

Implications for the Crypto Ecosystem

對加密生態系的影響

The rise of the stablecoin market is a testament to the growing utility and acceptance of cryptocurrencies. Stablecoins offer a bridge between the traditional financial system and the volatile crypto market, providing stability and ease of use without sacrificing the benefits of digital assets.

穩定幣市場的崛起證明了加密貨幣的實用性和接受度不斷提高。穩定幣在傳統金融體系和波動的加密貨幣市場之間架起了一座橋樑，在不犧牲數位資產優勢的情況下提供穩定性和易用性。

As regulatory clarity emerges and stablecoins gain wider acceptance, we can expect to see a surge in the adoption of cryptocurrencies across a wider range of applications, from everyday payments to global remittances and beyond. The stablecoin market is poised to play a pivotal role in driving the broader crypto ecosystem toward mainstream adoption.

隨著監管的明確化和穩定幣獲得更廣泛的接受，我們預計加密貨幣在更廣泛的應用中的採用將激增，從日常支付到全球匯款等。穩定幣市場將在推動更廣泛的加密生態系統走向主流採用方面發揮關鍵作用。