STBL 與 Ondo Finance 合作：代幣化儲備的新時代？

STBL Partners 和 Ondo Finance 正在利用創新的代幣化美國國債資產突破穩定幣的界限。

Hold onto your hats, folks! The world of stablecoins is about to get a whole lot more interesting. STBL Partners and Ondo Finance are teaming up to shake things up with tokenized U.S. Treasury assets. Let's dive in!

各位，請戴好你們的帽子！穩定幣的世界即將變得更加有趣。 STBL Partners 和 Ondo Finance 正在聯手利用代幣化的美國國債資產進行變革。讓我們深入了解吧！

Tokenized Treasuries Take Center Stage

代幣化國債成為焦點

STBL Partners is joining forces with Ondo Finance to introduce a whopping $50 million in new minting capacity for its stablecoin, USST. The kicker? They're bringing tokenized U.S. Treasury assets directly into STBL’s reserve model. This isn't just a minor tweak; it's a significant step towards linking decentralized money with real-world collateral.

STBL Partners 與 Ondo Finance 聯手為其穩定幣 USST 引入高達 5000 萬美元的新鑄幣能力。踢球者？他們將代幣化的美國國債資產直接納入 STBL 的儲備模型中。這不僅僅是一個小調整；這是將去中心化貨幣與現實世界抵押品聯繫起來的重要一步。

The collaboration aims to boost transparency, compliance, and yield management in stablecoin design. Ondo’s USDY, a yield-bearing token backed by short-term U.S. Treasuries and bank deposits, will serve as the primary collateral for USST. By integrating these institutional-grade assets, STBL is setting up a framework that’s both scalable and compliant.

此次合作旨在提高穩定幣設計的透明度、合規性和收益管理。 Ondo 的 USDY 是一種由短期美國國債和銀行存款支持的收益代幣，將作為 USST 的主要抵押品。通過整合這些機構級資產，STBL 正在建立一個可擴展且合規的框架。

How USDY Strengthens the Collateral

USDY 如何強化抵押品

So, how does USDY beef up STBL’s stablecoin collateral? USDY is designed to deliver dollar-denominated yield while maintaining a secure structure. Investors get a first-priority security interest over the underlying assets, held by an independent collateral agent. This adds a layer of trust that's often missing in the DeFi world.

那麼，USDY 如何增強 STBL 的穩定幣抵押品呢？ USDY 旨在提供以美元計價的收益率，同時保持安全的結構。投資者獲得由獨立抵押代理人持有的標的資產的第一優先擔保權益。這增加了 DeFi 世界中經常缺失的一層信任。

STBL plans to make USDY a core part of its collateral mix, allowing institutions to mint USST while keeping exposure to the yield from underlying Treasuries. This balance could help stablecoins like USST expand without sacrificing stability or transparency. Dr. Avtar Sehra, STBL’s co-founder and CEO, highlights that this partnership marks a shift toward tokenized reserves, supporting a variety of compliant, high-quality assets.

STBL 計劃將 USDY 作為其抵押品組合的核心部分，允許機構鑄造 USST，同時保留基礎國債收益率的敞口。這種平衡可以幫助 USST 等穩定幣在不犧牲穩定性或透明度的情況下擴張。 STBL 聯合創始人兼首席執行官 Avtar Sehra 博士強調，此次合作標誌著向代幣化儲備的轉變，支持各種合規的優質資產。

Ondo's Regulatory Power Play

Ondo 的監管權力發揮

Adding another layer to this rapidly developing story, Ondo Finance recently completed the acquisition of Oasis Pro, arming itself with a full suite of SEC-registered digital asset licenses. This includes a broker-dealer, alternative trading system (ATS), and transfer agent (TA). Ondo now boasts the most comprehensive set of digital asset registrations in the U.S., setting a precedent for regulated blockchain infrastructure.

Ondo Finance 最近完成了對 Oasis Pro 的收購，為這個快速發展的故事增添了另一層內容，為自己配備了全套在 SEC 註冊的數字資產許可證。這包括經紀自營商、另類交易系統 (ATS) 和過戶代理 (TA)。 Ondo 現在擁有美國最全面的數字資產註冊，為受監管的區塊鏈基礎設施樹立了先例。

This acquisition isn’t just about licenses; it’s about building a bridge between traditional finance and blockchain. Ondo can now handle the entire lifecycle of a digital security, from creation and issuance to trading and settlement. The tokenized securities market is projected to explode to $18 trillion by 2033, and Ondo is positioning itself to grab a big slice of that pie.

此次收購不僅僅涉及許可；還涉及許可。這是關於在傳統金融和區塊鏈之間建立一座橋樑。 Ondo 現在可以處理數字證券的整個生命週期，從創建和發行到交易和結算。預計到 2033 年，代幣化證券市場將激增至 18 萬億美元，Ondo 正準備在這塊蛋糕上分一杯羹。

The Future is Tokenized

未來是代幣化的

What does all this mean? It signals a growing interest in tokenized real-world assets as stablecoin reserves move closer to traditional finance standards. With its acquisition of Oasis Pro, Ondo can tokenize, issue, and trade assets that were once restricted to institutional investors, all in a fully compliant digital format. Regulatory clarity is the name of the game, and Ondo is playing it well.

這一切意味著什麼？這標誌著隨著穩定幣儲備越來越接近傳統金融標準，人們對代幣化現實世界資產的興趣日益濃厚。通過收購 Oasis Pro，Ondo 可以以完全合規的數字格式對曾經僅限於機構投資者的資產進行代幣化、發行和交易。監管的明確性是關鍵，翁多在這方面做得很好。

My Take

我的看法

In my opinion, the collaboration between STBL and Ondo, along with Ondo's strategic acquisition, represents a paradigm shift in how we perceive and use stablecoins. The integration of tokenized real-world assets not only enhances stability and transparency but also bridges the gap between traditional finance and the decentralized world. As tokenization gains momentum, initiatives like these pave the way for broader institutional adoption and a more mature digital asset ecosystem. This fusion of compliance and innovation could very well redefine the future of finance, making it more accessible and efficient for everyone. The move by Ondo to acquire Oasis Pro demonstrates a forward-thinking approach to navigating the regulatory landscape, which is crucial for long-term success in the evolving digital asset market. This proactive approach not only sets Ondo apart from its competitors but also builds trust and credibility within the industry.

在我看來，STBL 和 Ondo 之間的合作，以及 Ondo 的戰略收購，代表了我們如何看待和使用穩定幣的範式轉變。代幣化現實世界資產的整合不僅增強了穩定性和透明度，而且彌合了傳統金融和去中心化世界之間的差距。隨著代幣化勢頭強勁，此類舉措為更廣泛的機構採用和更成熟的數字資產生態系統鋪平了道路。合規與創新的融合很可能會重新定義金融的未來，讓每個人都更容易獲得、更高效。 Ondo 收購 Oasis Pro 的舉動展現了應對監管環境的前瞻性思維方法，這對於在不斷發展的數字資產市場取得長期成功至關重要。這種積極主動的做法不僅使 Ondo 從競爭對手中脫穎而出，而且在行業內建立了信任和信譽。

The partnership between STBL and Ondo isn't just a step forward; it's a leap. By combining compliant, RWA-backed assets with decentralized infrastructure, they're creating a stablecoin model that mirrors traditional financial stability without sacrificing the openness of blockchain technology.

STBL 和 Ondo 之間的合作不僅向前邁出了一步，而且還向前邁出了一步。這是一個飛躍。通過將合規的 RWA 支持的資產與去中心化基礎設施相結合，他們正在創建一個穩定幣模型，在不犧牲區塊鏈技術開放性的情況下反映傳統金融穩定性。

So, buckle up! It looks like the future of finance is here, and it’s tokenized. Who knew that U.S. Treasuries could be so exciting?

所以，係好安全帶！看起來金融的未來就在這裡，而且它已經被代幣化了。誰知道美國國債會如此令人興奮？