穩定幣是擴大美元霸權的一種方式

美國前眾議院議長 Paul Ryan 闡述了穩定幣如何緩解迫在眉睫的債務危機。

Federal Reserve Bank Governor Christopher Waller spoke about the potential benefits and risks of stablecoins at the Institute of Advanced Studies on Oct. 18.

10 月 18 日，聯準會行長克里斯托弗沃勒 (Christopher Waller) 在高級研究所談到了穩定幣的潛在好處和風險。

According to Waller, well-regulated stablecoins could reduce the need for payment intermediaries, lowering global payment costs. However, he quickly added that stablecoin “safety is not assured.”

沃勒表示，監管良好的穩定幣可以減少對支付中介機構的需求，進而降低全球支付成本。然而，他很快補充說，穩定幣「安全性並沒有保障」。

“We must ensure that stablecoins are integrated into the current financial system in a way that complements traditional finance,” Waller said.

沃勒表示：“我們必須確保穩定幣以補充傳統金融的方式融入當前的金融體系。”

The Fed official also highlighted the possibility of a symbiotic relationship between decentralized finance (DeFi) and traditional finance, rather than complete displacement.

這位聯準會官員也強調了去中心化金融（DeFi）與傳統金融之間存在共生關係的可能性，而不是完全取代。

This perspective has been echoed by some US lawmakers, who suggest that DeFi and dollar-stablecoins could extend the US dollar's dominance by decades.

這一觀點得到了一些美國立法者的回應，他們認為 DeFi 和美元穩定幣可以將美元的主導地位延長數十年。

Thailand’s oldest bank to offer stablecoin remittance services

泰國最古老的銀行提供穩定幣匯款服務

An article published in The Wall Street Journal on June 14, authored by former United States Speaker of the House Paul Ryan, argues that stablecoins can help mitigate the looming debt crisis.

6 月 14 日，美國前眾議院議長 Paul Ryan 在《華爾街日報》上發表文章，認為穩定幣有助於緩解迫在眉睫的債務危機。

Highlighting the growing US government debt, Ryan points to stablecoins creating demand for US Treasurys and US dollars, which will keep the dollar competitive against the Chinese yuan and help it retain its status as the global reserve currency.

瑞安強調了不斷增長的美國政府債務，指出穩定幣創造了對美國國債和美元的需求，這將使美元相對於人民幣保持競爭力，並幫助其保持全球儲備貨幣的地位。

More recently, in October, US Senator Bill Hagerty introduced the Clarity for Payment Stablecoins Act, which builds on Representative Patrick McHenry’s 2023 stablecoin bill.

最近，10 月，美國參議員比爾·哈格蒂 (Bill Hagerty) 提出了《支付穩定幣清晰度法案》，該法案以眾議員帕特里克·麥克亨利 (Patrick McHenry) 的 2023 年穩定幣法案為基礎。

The most significant changes to the bill include provisions to allow states to regulate stablecoins and the removal of a clause in the 2023 bill that would have classified stablecoins as securities.

該法案最重大的變化包括允許各州監管穩定幣的條款，以及刪除 2023 年法案中將穩定幣歸類為證券的條款。

Despite these efforts, a recent Chainalysis report indicates that the US is lagging in stablecoin adoption.

儘管做出了這些努力，但最近的 Chainaanalysis 報告表明，美國在穩定幣的採用方面仍然落後。

According to Chainalysis, the market share of stablecoin transactions on US-regulated exchanges fell below 40% in 2024. In contrast, the portion of stablecoin transactions on offshore exchanges increased to 60% this year.

根據 Chainaanalysis 的數據，2024 年美國監管交易所的穩定幣交易市場份額將跌至 40% 以下。

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

雜誌：不穩定的貨幣：脫鉤、銀行擠兌和其他風險迫在眉睫