美國即將推出的法規，穩定幣市場面臨轉型

隨著加密貨幣領域的不斷發展，圍繞穩定幣的討論正在不斷升溫。麥克 (Scott Melker)，《街頭之狼》播客主持人

Crypto prices today: Stablecoins hitting record volumes, and what it means for the market

今日加密貨幣價格：穩定幣交易量創歷史新高，對市場意味著什麼

As the crypto landscape continues to evolve, the conversation around stablecoins is gaining momentum.

隨著加密貨幣領域的不斷發展，圍繞穩定幣的討論正在不斷升溫。

In this episode, Scott Melker, host of The Wolf of All Streets Podcast, and Matthew Sigel, head of digital assets research at VanEck, dive deep into this topic, discussing the potential future of stablecoins and their impact on the market. With regulatory changes on the horizon, the dynamics of stablecoins are poised for significant shifts.

在本集節目中，《The Wolf of All Streets》播客主持人 Scott Melker 和 VanEck 數位資產研究主管 Matthew Sigel 深入探討了這個主題，討論了穩定幣的潛在未來及其對市場的影響。隨著監管變化即將到來，穩定幣的動態即將發生重大變化。

Melker kicks off the discussion by questioning the timing and reasoning behind VanEck's decision to create a new stablecoin now, especially when giants like Circle and Tether already dominate the market.

梅爾克首先質疑 VanEck 現在決定創建新穩定幣的時機和理由，特別是在 Circle 和 Tether 等巨頭主導市場的情況下。

Sigel responds by emphasizing that the current regulatory environment and the potential for a stablecoin bill in the U.S. next year make it a strategic time for new entrants. He points out that major players like Tether are holding onto significant profits without redistributing them, presenting an opportunity for newcomers to compete on price and distribution.

Sigel 對此做出回應，強調當前的監管環境和明年美國穩定幣法案的潛力使其成為新進入者的戰略時機。他指出，像 Tether 這樣的主要參與者在不重新分配的情況下持有巨額利潤，這為新來者提供了在價格和分銷方面競爭的機會。

The conversation shifts to the potential impact of stablecoin legislation in the U.S. Melker notes the prolonged anticipation of such a bill, referencing the efforts of Senators Lummis and Gillibrand, and Representative Patrick McHenry.

話題轉向美國穩定幣立法的潛在影響。

Sigel critiques the initial version of the bill as overly restrictive on asset holdings but acknowledges a bipartisan consensus on the need for a regulatory framework. He predicts that while federal regulation will play a role, states will retain some autonomy, fostering a more competitive stablecoin market.

西格爾批評該法案的最初版本對資產持有過度限制，但承認兩黨就監管框架的必要性達成了共識。他預測，雖然聯邦監管將發揮作用，但各州將保留一定的自主權，從而培育更具競爭力的穩定幣市場。

The potential of stablecoins is further underscored by their current performance. Sigel points out that stablecoins are now doing more volumes than Visa and have become one of the top buyers of U.S. treasuries. This indicates a growing acceptance and integration of stablecoins into the traditional financial system.

穩定幣目前的表現進一步凸顯了其潛力。 Sigel 指出，穩定幣目前的交易量超過了 Visa，並已成為美國國債的最大買家之一。這顯示穩定幣越來越被接受並融入傳統金融體系。

Melker echoes this sentiment, suggesting that stablecoins could lead to hyper-dollarization, significantly boosting the dollar's power globally. However, the regulatory landscape remains a crucial factor.

梅爾克呼應了這種觀點，認為穩定幣可能會導致超美元化，從而顯著提升美元在全球的影響力。然而，監管環境仍然是關鍵因素。

Sigel discusses the friction in cross-border transactions due to stringent Know Your Customer (KYC) requirements and other regulatory hurdles. He believes that while stablecoins can enhance the velocity of cross-border payments, bitcoin still holds potential as a new reserve asset. The integration of stablecoins with bitcoin could further revolutionize the market, offering new possibilities for transactions and asset management.

Sigel 討論了由於嚴格的「了解你的客戶」(KYC) 要求和其他監管障礙而導致的跨境交易中的摩擦。他認為，雖然穩定幣可以提高跨國支付的速度，但比特幣仍具有作為新儲備資產的潛力。穩定幣與比特幣的整合可能會進一步徹底改變市場，為交易和資產管理提供新的可能性。