Stablecoins USDC和USDT：哪個是最好的？

Stablecoins是加密市場的關鍵基石，並提供旨在減輕加密貨幣領域通常看到的波動性的數字資產。

Stablecoins are a critical cornerstone of the crypto market and offer digital assets designed to mitigate the volatility usually seen in the digital asset sector. Two of the most widely used stablecoin options are USD Coin (USDC) and Tether (USDT), which are each designed to maintain a value of one US dollar, though not in precisely the same way.

Stablecoins是加密市場的關鍵基石，並提供旨在減輕數字資產領域通常看到的波動性的數字資產。使用的兩個最廣泛使用的Stablecoin選項是USD Coin（USDC）和Tether（USDT），它們旨在保持一美元的價值，儘管並非完全相同。

While both serve a similar purpose, they have significant differences in backing, regulatory compliance, and overall market metrics that can all substantially impact your personal investing or trading strategy. In this post, we’ll be getting into the nitty-gritty of USDT and USDC so that you can get a clearer picture of which one suits your portfolio best.

儘管兩者都有類似的目的，但它們在支持，法規遵從性和整體市場指標上都有顯著差異，這些指標都可能實質上影響您的個人投資或交易策略。在這篇文章中，我們將進入USDT和USDC的挑剔，以便您可以更清楚地了解哪種最適合您的投資組合。

What is a Fiat-Backed Stablecoin?

什麼是由菲亞特支持的穩定湯？

Fiat-backed stablecoins are crypto assets that represent the same value as traditional fiat currencies, in this case, the world-favorite US dollar. Each token theoretically holds the same value as one US dollar held in reserve assets by the issuer.

由菲亞特支持的穩定股份是代表與傳統法定貨幣相同的價值的加密資產，在這種情況下，是世界最喜歡的美元。每個令牌理論上都具有與發行人在儲備金中持有的一美元相同的價值。

Stablecoins are designed to maintain price stability, unlike many conventional digital assets like Bitcoin and Ethereum, which are plagued with high volatility. For many investors, such features can make them a reliable ‘safe haven’ for investors who don’t want to park extra cash in more volatile crypto assets. Their stable value also makes them perfect for everyday transactions, cross-border payments, or just parking funds digitally.

與許多傳統的數字資產（如比特幣和以太坊）不同，Stablecoins旨在保持價格穩定性，這些數字資產受到高波動性的困擾。對於許多投資者而言，這些功能可以使它們成為不想將額外現金停放更多波動加密資產的投資者的可靠“避風港”。它們的穩定價值也使它們非常適合日常交易，跨境支付或僅以數字方式停車。

Major stablecoins like USDT and USDC rely on conventional, regulated financial institutions or third-party custodians to store the collateral backing the asset. This collateral can include cash or other fiat currency, short-term treasury bills, or various other assets.

USDT和USDC等主要的Stablecoin依靠常規，受監管的金融機構或第三方保管人來存儲支持資產的抵押品。該抵押品可以包括現金或其他法定貨幣，短期國庫券或其他各種資產。

By making sure that each token minted has corresponding reserves, the stablecoin market stays tightly pegged to the US dollar. This strategy is known as the ‘tokenized dollar’ approach, and it adds convenience in the trading, holding, or transferring of stablecoins across various blockchain networks without encumbering users in the conventional friction of banking services.

通過確保每個令牌鑄造都有相應的儲量，Stablecoin市場與美元保持緊密聯繫。該策略被稱為“令牌化的美元”方法，它為在各種區塊鍊網絡中貿易，保留或轉移穩定的交易，持有或轉移，而無需掩蓋用戶在銀行服務的常規摩擦中。

What is USDC (USD Coin)?

什麼是USDC（美元硬幣）？

USD Coin is a stablecoin created by the Centre Consortium, which is a collaboration between crypto giant Coinbase and Circle. USDC is designed to stay locked at 1:1 with the US dollar, and each token is backed by cash and short-term Treasury instruments.

美元硬幣是由中心財團創建的穩定幣，這是加密巨頭Coinbase和Circle之間的合作。 USDC旨在以美元的價格保持在1：1的鎖定，每個代幣都以現金和短期財政部儀器的支持。

Each month, Circle issues third-party assurances that outline its reserves and reinforce its fully transparent collateralization. USDC is comparatively new but gained critical traction quickly, thanks in no small part to powerful partnerships, widespread adoption across multiple blockchains, including Solana, Ethereum, and Avalanche, and a foundational role in DeFi.

Circle每月都會發布第三方保證，以概述其儲備並加強其完全透明的抵押品。 USDC相對較新，但很快獲得了關鍵的吸引力，這在很大程度上要歸功於強大的合作夥伴關係，包括Solana，Ethereum和Avalanche在內的多個區塊鏈中廣泛採用，以及在Defi中的基礎角色。

USDC volume and market cap

USDC數量和市值

Data from CoinMarketCap shows that USDC’s market cap stands at around $60.10 billion, ranking it among the largest stablecoins. Its daily trading volume hovers near $11.25 billion, reflecting robust demand from traders and institutions across centralized and decentralized exchanges.

CoinMarketCap的數據表明，USDC的市值約為601億美元，將其排名最大。它的日常交易量徘徊在112.5億美元中，反映了集中化和分散交易所的貿易商和機構的強勁需求。

USDC stability

USDC穩定性

USDC aims to reduce de-pegging risks by publishing frequent attestations through respected accounting firms. The partnership with well-known financial institutions also bolsters investor confidence. While market volatility can temporarily influence USDC’s price, it typically remains close to one dollar, thanks in large part to transparent reserve management.

USDC的目的是通過通過尊敬的會計師事務所發布頻繁證明來降低脫離風險。與知名金融機構的合作夥伴關係也增強了投資者的信心。儘管市場波動率可以暫時影響USDC的價格，但通常仍保持接近一美元，這在很大程度上要歸功於透明的儲備管理。

What is USDT (Tether)?

什麼是USDT（繫繩）？

USDT is the most widely used stablecoin and leads all other fiat-pegged assets in the crypto space. It was created in 2014 and was one of the first tokens to popularize the concept of a digital asset pegged to the US dollar. Each token is algorithmically locked to one dollar in liquid reserve assets, though the reserve structure and disclosures have faced scrutiny over the years.

USDT是使用最廣泛的穩定穩定性，並在加密貨幣空間中領導所有其他菲亞特·皮格資產。它成立於2014年，是最早普及將數字資產固定到美元的概念的代幣之一。儘管儲備結構和披露在多年來一直面臨審查，但每個代幣都以算法鎖定為一美元。

USDT volume and market cap

USDT數量和市值

USDT’s market capitalization is approximately $143.99 billion, making it the largest stablecoin by a considerable margin. Its 24-hour trading volume frequently surpasses $60 billion, highlighting the high liquidity that is crucial for traders and institutions who want to move in and out of volatile crypto positions. Due to this massive volume, USDT is the most popular quote currency on numerous exchanges, particularly for popular trading pairs like BTC/USDT and ETH/USDT.

USDT的市值約為1,439.9億美元，使其成為最大的穩定股。它的24小時交易量經常超過600億美元，突出了高流動性對於想要進出波動加密貨幣職位的交易者和機構至關重要的。由於這一龐大的量，USDT是許多交易所中最受歡迎的報價貨幣，尤其是對於BTC/USDT和ETH/USDT等流行交易對。

USDT stability

USDT穩定性

Tether’s resilience in maintaining its dollar peg for nearly a decade is notable, but it has faced persistent questions over the exact composition and transparency of its reserves. The company has committed to improved reporting, but critics and detractors still push for greater insight into collateral assets.

Tether在近十年中保持其美元釘的韌性是值得注意的，但是它在其儲備的確切組成和透明度方面遇到了持續的問題。該公司已承諾改善報告，但批評家和批評者仍在推動更深入地了解抵押品資產。

USDC vs USDT: Key Differences

USDC vs USDT：關鍵差異

Launch Date

發布日期

USDT debuted in 2014 as the first stablecoin pegged to the US dollar, giving it a longer track record and a gracious head start in building global liquidity. USDC just appeared in 2018 through a collaboration between Circle and Coinbase to create a regulated pedigree in the stablecoin crypto ecosystem.

USDT於2014年首次亮相，這是第一個與美元掛鉤的Stablecoin，這使其具有更長的往績，並在建立全球流動性方面有了愉快的開端。 USDC剛剛通過Circle和Coinbase之間的合作在2018年出現，在Stablecoin Crypto生態系統中創建了受管制的血統。

Winner: USDT for greater longevity.

優勝者：USDT壽命更長。

Market Cap

市值

With a market capitalization of more than $60B, USDC’s market cap

憑藉超過$ 60B的市值，USDC的市值