穩定幣正在經歷指數級增長，位報告其2024年交易量超過Visa的交易量

一些專家斷言，Stablecoins正在經歷指數增長，迅速成為過去二十年中最重要的金融創新之一。

Stablecoins are rapidly increasing in usage, with transaction volumes now outperforming those of Visa, crypto analytics firm Bitwise reported on Thursday.

Crypto Analytics公司的Bitwise在周四報導，使用穩定的使用量正在迅速增加。

The firm’s report, titled “Interoperability and Innovation in Web3,” showed that transaction volumes on stablecoins reached $14 trillion last year. For context, Bitwise previously reported that transaction volumes on Visa were around $1.5 trillion in 2023, while those of major stablecoins amounted to approximately $7 trillion.

該公司的報告標題為“ Web3中的互操作性和創新”，表明，Stablecoins的交易量達到了去年的14萬億美元。在上下文中，Bitwise先前報導說，簽證的交易量約為2023年的1.5萬億美元，而主要的穩定幣的交易量約為7萬億美元。

In 2020, the volume of transactions on Visa were almost 10 times greater than those of stablecoins. It took just under five years for stablecoins to close this gap and for transaction volumes on the U.S. multinational payment card services corporation’s network to begin to outpace those of Visa.

在2020年，簽證的交易量幾乎是穩定蛋白的交易量幾乎大10倍。 Statablecoins花了不到五年的時間來縮小這一差距，並在美國跨國支付卡服務公司的網絡上開始超過Visa的交易。

This time period also saw the launch of several new stablecoins, along with the development of new use cases for these digital assets. Specifically, Bitwise noted that stablecoins are used for a diverse range of purposes, including cross-border payments, institutional investing and decentralized finance (DeFi).

這段時間還看到了幾個新的穩定幣，以及為這些數字資產開發新用例。具體而言，Bitwise指出，Stablecoins用於各種目的，包括跨境支付，機構投資和分散的財務（DEFI）。

Moreover, the analysis firm highlighted the role of stablecoins in streamlining and rendering financial services more efficient.

此外，分析公司強調了穩定菌在精簡和渲染金融服務中的作用。

“Stablecoins offer several advantages for payments and other financial services. They can be transferred nearly instantaneously around the world at very low cost. In contrast, SWIFT [Society for Worldwide Interbank Financial Telecommunications] payments can take several days and are relatively expensive. They also offer a unit of account and medium of exchange in DeFi, where a broad range of financial services are being developed,” the report read in part.

“ Stablecoins為付款和其他金融服務提供了幾個優勢。它們幾乎可以以非常低的成本即時轉移到世界各地。相反，Swift [World Bank Inter -Bank Interbank Inter Bank Financial Telecommunications]的付款可能需要幾天的時間，並且相對昂貴。它們還提供了一項範圍內的Fanancial Service of Financial Service of Felancial Servect of Fearned of Fearming of Fearmist of Fearned the Enport of Fearmiss of Fearned of Fearned of Fearned of Fearning of Fearned the Real the Real。

Discussing the primary drivers of stablecoin adoption, DWF Labs Managing Partner Andrei Grachev noted that despite the speed of growth, the widespread use of stablecoins is presenting some key systemic risks that need to be mitigated.

DWF實驗室管理合作夥伴安德烈·格拉切夫（Andrei Grachev）討論了採用Stablecoin採用的主要驅動因素，但儘管增長速度，但穩定菌的廣泛使用仍提出了一些需要緩解的關鍵系統性風險。

Building on the drivers of adoption, Grachev listed some emerging vulnerabilities and an interesting perspective on the 'downside' of stablecoins. According to the managing partner, this risk is especially apparent with algorithmic stablecoins.

格拉切夫（Grachev）以收養的驅動力為基礎，列出了一些新興漏洞，並在stablecoins的“下行”方面有一個有趣的觀點。據管理合作夥伴稱，這種風險在算法的穩定劑中尤其明顯。

“Imagine what happens if users try to exit en masse because they fear a depeg. This could destabilize issuers and trigger broader market volatility, especially with algorithmic or undercollateralized stablecoins,” Grachev told Bitcoin.com News.

Grachev告訴Bitcoin.com新聞：“想像一下，如果用戶害怕depeg，那將會發生什麼。這可能會使發行人穩定並觸發更廣泛的市場波動，尤其是使用算法或不足的穩定性穩定性。”

Another critical risk is highlighted by the DWF Labs managing partner to be insufficient or opaque reserve management. He added that this could erode trust and facilitate contagion if a major issuer fails, which is further exacerbated by offshore operations that lack proper oversight.

DWF實驗室管理合作夥伴強調了另一個關鍵風險是不足或不透明的儲備管理。他補充說，如果主要發行人失敗，這可能會侵蝕信任並促進傳染，這會因缺乏適當監督的海上操作而進一步加劇。

To overcome such risks, Grachev highlighted a multi-pronged solution that prioritises real-time, on-chain proof-of-reserves, ideally short-duration U.S. Treasuries or central bank reserves. According to the managing partner, robust regulation is equally crucial to ensure strict fund segregation, transparent governance and smart contract audits.

為了克服此類風險，格拉切夫強調了一種多管齊下的解決方案，該解決方案優先考慮實時，鏈上的儲物證明，理想的短期美國國庫或中央銀行儲備。據管理合作夥伴稱，強大的法規對於確保嚴格的基金隔離，透明治理和智能合同審核同樣至關重要。

Finally, protocols should incorporate risk management features like automated circuit breakers and redemption throttling to manage outflows during stressed periods, preventing rapid destabilization, Grachev concluded.

最後，協議應納入風險管理功能，例如自動斷路器和贖回節流，以在壓力期間管理流出，以防止快速穩定。

The post Experts: Stablecoin Transaction Volume Surpasses Visa’s in 2024, Posing Systemic Risks

郵政專家：Stablecoin交易量超過2024年的Visa，帶來了系統性風險