Stablecoins，加密風暴中的避風港

對於風險投資投資者而言，判決很明確：通過Stablecoins的美元支付今天代表了區塊鏈最有前途，最有前途的使用。

In a crypto environment marked by volatility, stablecoins are emerging as the preferred safe haven for venture capital investors. Despite geopolitical tensions and market fluctuations, these digital currencies pegged to traditional currencies are attracting growing attention. But why does this particular segment generate so much enthusiasm among the most savvy financiers?

在以波動性為標誌的加密環境中，斯塔黴素正成為風險投資者的首選避風港。儘管地緣政治緊張局勢和市場波動，但這些與傳統貨幣掛鉤的數字貨幣正在吸引日益增長的關注。但是，為什麼這個特定的細分市場在最精明的金融家中會產生如此多的熱情？

Stablecoins, a Safe Haven in the Crypto Storm

Stablecoins，加密風暴中的避風港

For venture capital investors, the verdict is clear: dollar payments via stablecoins represent today the most tangible and promising use of the blockchain.

對於風險投資投資者而言，判決很明確：通過Stablecoins的美元支付今天代表了區塊鏈最有前途，最有前途的使用。

The first quarter of 2025 confirmed this trend. While the US trade war caused a general collapse of classic cryptos, stablecoins showed remarkable resilience. Their total market cap jumped by $25 billion, now reaching $227.1 billion.

2025年第一季度證實了這一趨勢。儘管美國貿易戰引起了經典加密貨幣的總體崩潰，但Stablecoins表現出了顯著的彈性。他們的總市值增長了250億美元，現在達到2271億美元。

This performance during a crisis did not go unnoticed by analysts. In its latest report, the Pitchbook team is categorical:

在危機中的這種表現並沒有被分析師注意到。在其最新報告中，PitchBook團隊是分類的：

“Dollar settlements remain the flagship application of cryptocurrencies, partly spared by wider risk aversion movements.”

“美元定居點仍然是加密貨幣的旗艦申請，部分原因是更廣泛的風險規避運動。”

For investors, this stability in the face of market turmoil is a major asset.

對於投資者而言，面對市場動蕩的這種穩定是主要資產。

The phenomenon extends far beyond the United States. In Europe, Meta plans to integrate USDC and USDT to pay creators on its social networks.

該現象遠遠超出了美國。在歐洲，Meta計劃將USDC和USDT整合到其社交網絡上。

At the same time, many countries are developing their own alternatives to the dollar. Nations such as Singapore and the United Arab Emirates are seeking to create stablecoins backed by their national currencies, aiming to free themselves from the dollar’s dominance in the crypto ecosystem.

同時，許多國家正在為美元開發自己的替代品。新加坡和阿拉伯聯合酋長國等國家正在尋求創建以其民族貨幣為支持的穩定幣，旨在將自己擺脫加密生態系統中的美元統治地位。

An Ecosystem That Attracts Tech Giants and Faces Regulatory Challenges

一個吸引科技巨頭並面臨監管挑戰的生態系統

Projections for the stablecoin market are dizzying: according to some analysts, stablecoin capitalization could reach $2 trillion by 2028, nearly ten times their current value.

對Stablecoin市場的預測令人眼花di亂：據一些分析師稱，到2028年，Stablecoin資本化可能達到2萬億美元，幾乎是當前價值的十倍。

This expected exponential growth naturally attracts the attention of venture capitalists, who anticipate “a sharp increase in investments in the short term, particularly in startups specializing in payments, fund transfers, and treasury management.”

這種預期的指數增長自然會吸引風險資本家的注意，他們預計“短期內投資會大幅提高，尤其是在專門從事支付，資金轉讓和財政部管理的初創公司中。”

However, the path to this growth is not without obstacles. Security remains a crucial issue, especially after incidents like the Bybit hack.

但是，通往這種增長的途徑並非沒有障礙。安全仍然是一個至關重要的問題，尤其是在像Bybit Hack這樣的事件之後。

According to Pitchbook, institutional investors will become more demanding, requiring real-time reserve verification tools and solutions simplifying cryptographic key management.

根據PitchBook的說法，機構投資者將變得越來越苛刻，需要實時儲備驗證工具和解決方案來簡化加密密鑰管理。

Startups capable of solving these technical problems will be the big winners in upcoming funding rounds.

能夠解決這些技術問題的初創公司將是即將進行的資助回合的最大贏家。

On the regulatory front, the outlook has recently darkened. In the United States, the GENIUS bill, which aimed to regulate stablecoins, recently failed in the Senate with a vote of 48 against 49, far from the 60 votes required.

在監管方面，前景最近變黑了。在美國，旨在監管Stablecoins的天才法案最近在參議院以48票對49票的投票失敗，遠非需要60票。

This legislative setback could slow institutional adoption but does not dampen the enthusiasm of venture capitalists.

這種立法挫折可能會減緩機構的採用，但不會削弱風險資本家的熱情。

The most anticipated event remains the IPO of Circle, the issuer of USDC. This IPO could not only definitively legitimize the stablecoin business model but also boost valuations across the entire payments and crypto infrastructure ecosystem.

最令人期待的事件仍然是USDC的發行人Circle的IPO。該IPO不僅可以明確地使Stablecoin業務模型合法化，而且可以提高整個付款和加密基礎架構生態系統的估值。

In sum, the stablecoin market today represents an essential bridge between traditional finance and the crypto world. A recent Fireblocks report highlights this decisive shift: 90% of financial institutions use or plan to integrate these assets. This massive adoption by banks, once reluctant, is profoundly reshaping the contours of the global digital economy.

總而言之，當今的Stablecoin市場代表了傳統金融與加密貨幣世界之間的重要橋樑。最近的Fireblocks報告強調了這一決定性轉變：90％的金融機構使用或計劃整合這些資產。銀行曾經不情願的這種大量採用正在深刻重塑全球數字經濟的輪廓。