穩定幣比率、Tether 和 Circle：解碼加密貨幣格局

探索穩定幣比率的動態、Tether 的主導地位以及 Circle 在不斷發展的加密市場中的財務表現。

Stablecoin Ratio, Tether, and Circle: Decoding the Crypto Landscape

穩定幣比率、Tether 和 Circle：解碼加密貨幣格局

The stablecoin market is buzzing! With Tether (USDT) and Circle (USDC) leading the charge, understanding their influence and the overall stablecoin ratio is crucial. Let’s dive into the latest developments shaping this financial frontier.

穩定幣市場熱鬧非凡！在 Tether (USDT) 和 Circle (USDC) 的引領下，了解它們的影響力和整體穩定幣比例至關重要。讓我們深入了解塑造這一金融前沿的最新發展。

The Stablecoin-to-Bitcoin Ratio: A Buying Opportunity?

穩定幣與比特幣的比率：買入機會？

The stablecoin-to-Bitcoin ratio on Binance has dipped to a two-year low, signaling that investors might be gearing up to snag some Bitcoin. According to CryptoQuant, this ratio, comparing Bitcoin reserves to dollar-denominated stablecoins, is a key indicator of market liquidity. A lower ratio suggests traders are holding stablecoins, ready to pounce on buying opportunities. If Bitcoin stabilizes above the $108,000–$110,000 range, we might just see BTC explode!

幣安上的穩定幣與比特幣比率已跌至兩年低點，這表明投資者可能正在準備搶購一些比特幣。根據 CryptoQuant 的說法，將比特幣儲備與以美元計價的穩定幣進行比較的這一比率是市場流動性的關鍵指標。較低的比率表明交易者正在持有穩定幣，準備抓住買入機會。如果比特幣穩定在 108,000 美元至 110,000 美元區間之上，我們可能會看到 BTC 爆炸！

Tether and Circle Mint Billions

Tether 和 Circle Mins 發行數十億美元

Tether and Circle have collectively minted $7 billion in stablecoins since the last market dip, indicating a growing appetite for dollar-pegged assets. Tether alone minted another $1 billion USDT. This surge underscores the increasing demand for stablecoins as a safe haven in the crypto world.

自上次市場下跌以來，Tether 和 Circle 總共鑄造了 70 億美元的穩定幣，這表明人們對與美元掛鉤的資產的興趣不斷增長。僅 Tether 就又鑄造了 10 億美元的 USDT。這種激增凸顯了對穩定幣作為加密世界避風港的需求不斷增長。

Tether's Triumph: 500 Million Users and Counting

Tether 的勝利：5 億用戶且數量還在增加

Tether just hit a massive milestone: 500 million users! CEO Paolo Ardoino calls it “likely the biggest financial inclusion achievement in history.” USDT dominates the stablecoin market with a near $182 billion market cap, dwarfing Circle’s USDC at $75 billion. This gives Tether a whopping 69% market share.

Tether 剛剛達到了一個巨大的里程碑：5 億用戶！首席執行官保羅·阿多伊諾（Paolo Ardoino）稱其“可能是歷史上最大的普惠金融成就”。 USDT 以接近 1820 億美元的市值主導穩定幣市場，讓 Circle 的 USDC 750 億美元的市值相形見絀。這使得 Tether 佔據了高達 69% 的市場份額。

Global Adoption in Emerging Markets

新興市場的全球採用

USDT’s adoption is particularly strong in emerging economies like Kenya, where it serves as a hedge against inflation and currency depreciation. Millions in Latin America, Africa, and Southeast Asia rely on USDT to bypass unstable local currencies and reduce remittance costs. It’s not just a trading tool; it’s a financial lifeline.

USDT 在肯尼亞等新興經濟體的採用尤其強烈，它可以用來對沖通貨膨脹和貨幣貶值。拉丁美洲、非洲和東南亞的數百萬人依靠 USDT 來繞過不穩定的當地貨幣並降低匯款成本。它不僅僅是一個交易工具；這是一條財務生命線。

Circle's Financial Picture: A Mixed Bag

Circle 的財務狀況：好壞參半

Circle’s first earnings report as a public company revealed a $482 million net loss, largely due to IPO-related costs. However, revenue rose 53% year-over-year to $658 million, thanks to interest earned on the dollar reserves backing USDC. This interest income accounted for 96.4% of Circle's total revenue, highlighting the boring-but-profitable banking secret behind the stablecoin.

Circle 作為上市公司的第一份收益報告顯示，淨虧損為 4.82 億美元，這主要是由於 IPO 相關成本造成的。然而，得益於支持 USDC 的美元儲備所賺取的利息，收入同比增長 53% 至 6.58 億美元。這筆利息收入佔 Circle 總收入的 96.4%，凸顯了穩定幣背後無聊但有利可圖的銀行秘密。

Citi's Prediction: A $1.9 Trillion Stablecoin Market

花旗預測：穩定幣市場價值 1.9 萬億美元

Looking ahead, Citi analysts project a $1.9 trillion market capitalization for the stablecoin industry by 2030. Stablecoins currently represent between 5% and 10% of total crypto valuation and are compared to the rise of money market funds in the 1980s.

展望未來，花旗分析師預計，到 2030 年，穩定幣行業的市值將達到 1.9 萬億美元。與 20 世紀 80 年代貨幣市場基金的崛起相比，穩定幣目前佔加密貨幣總估值的 5% 至 10%。

Final Thoughts: Stablecoins Are Here to Stay

最後的想法：穩定幣將繼續存在

Stablecoins are no longer just a niche corner of the crypto world; they're becoming a fundamental part of the global financial landscape. Whether it's Tether's dominance and widespread adoption or Circle's efforts to play by the rules, these digital assets are reshaping how we think about money. Keep an eye on that stablecoin ratio – it might just tell you when to snag some Bitcoin. And with Citi forecasting a $1.9 trillion market, it's safe to say stablecoins are here to stay. Pretty cool, right?

穩定幣不再只是加密世界的一個小眾角落；它們正在成為全球金融格局的基本組成部分。無論是 Tether 的主導地位和廣泛採用，還是 Circle 遵守規則的努力，這些數字資產正在重塑我們對金錢的看法。密切關注穩定幣比率——它可能會告訴你何時購買一些比特幣。花旗預測市場規模將達到 1.9 萬億美元，可以肯定地說穩定幣將繼續存在。很酷，對吧？