Stablecoin流入：USDT和USDC占主導地位，但遊戲正在改變

USDT和USDC正在領導Stablecoin指控，但是新興的球員和監管轉變可能會使事情變得更加動搖。這對加密的未來意味著什麼？

Stablecoin inflows have been on a tear, exceeding $46 billion in the last 90 days. USDT and USDC are the big dogs, but the landscape is evolving fast. Let's dive into what's driving this surge and what it means for you.

Stablecoin流入流動，過去90天內超過460億美元。 USDT和USDC是大狗，但景觀正在迅速發展。讓我們深入了解驅動這一激增的原因以及對您意味著什麼。

USDT: Still the King of the Stablecoin Jungle

USDT：仍然是Stablecoin叢林的國王

Tether's USDT continues to reign supreme, pulling in a whopping $19.6 billion in the third quarter alone. That's on top of the $9.2 billion it raked in during the second quarter. It's the go-to stablecoin for offshore betting and international transactions, offering speed and low fees. But let's be real, it's also a bit of a black box.

Tether的USDT繼續統治最高，僅在第三季度就達到了196億美元。這是第二季度耗資92億美元的基礎。這是用於海上投注和國際交易的首選，提供速度和低收入。但是，讓我們真實，這也有點黑框。

USDC: Circle's Catching Up Fast

USDC：Circle快速趕上

Circle's USDC is making moves, experiencing a dramatic surge with $12.3 billion in inflows in Q3. That's a massive jump from the mere $500 million in Q2. USDC is gaining traction with institutional investors, thanks to its stability and transparency. It’s becoming the stablecoin of choice for businesses and financial services looking for a reliable dollar-pegged asset.

Circle的USDC正在採取行動，經歷了第三季度流入123億美元的戲劇性激增。這是第2季度僅5億美元的巨大跳躍。由於其穩定性和透明度，USDC正在吸引機構投資者。它已成為尋求可靠的美元固定資產的企業和金融服務的首選。

The Rise of the Underdogs

失敗者的崛起

It's not just USDT and USDC in the stablecoin game. Ethena's USDe is turning heads with $9 billion in inflows, showcasing the growing interest in algorithmic stablecoins. PayPal's PYUSD and MakerDAO's USDS are also showing promise, though on a smaller scale.

這不僅是Stablecoin遊戲中的USDT和USDC。 Ethena的USDE正在以90億美元的流入轉向負責人，展示了人們對算法穩定的興趣的日益增長的興趣。貝寶（Paypal）的Pyusd和Makerdao的USD也表現出希望，儘管規模較小。

Why the Inflows Matter (and What They Mean for Ethereum)

為什麼流入至關重要（以及它們對以太坊的意義）

These massive stablecoin inflows are more than just impressive numbers. They fuel liquidity, and liquidity fuels rallies. Ethereum, with its dominance in DeFi and tokenization, is poised to benefit big time. Some analysts even predict that continued stablecoin inflows could push Ethereum to $7,000 by Q4 2025.

這些大規模的穩定流入不僅僅是令人印象深刻的數字。它們為流動性加油，流動性燃料集會。以太坊以其在Defi和Dekenization方面的主導地位，有望從中受益。一些分析師甚至預測，持續的Stablecoin流入可能會將以太坊提高到第4季度2025年的7,000美元。

And let’s not forget about the role of stablecoins in offshore betting. USDT, in particular, has become the

而且，不要忘記穩定幣在離岸博彩中的作用。特別是USDT已成為