Tether（USDT）評論：Stablecoins的國王？

Tether，USDT是加密貨幣清單中的第三，市值為1493.3億美元。這確實是一個穩定的，您仍然可以以1美元的價格購買

Tether, the company behind the USDT stablecoin, is a key player in the cryptocurrency market. Its flagship product, Tether (USDT), is the third largest cryptocurrency by market cap with a staggering $149.33 billion.

USDT Stablecoin背後的公司Tether是加密貨幣市場的關鍵參與者。它的旗艦產品Tether（USDT）是市值的第三大加密貨幣，其1493.3億美元。

Known for its dollar parity, USDT is a stablecoin that traders buy for one dollar and the price that remained unchanged at $0.9998 really confirms that. It’s a token on the Ethereum and Tron blockchains and facilitates non-changing transfers from one ledger to another. A trading volume of $48.22 billion over 24 hours represents the stablecoin’s widespread usage among the crypto traders.

USDT以美元平價而聞名，是一種穩定者以1美元的價格購買的Stablecoin，價格保持不變的價格為0.9998美元，確實證實了這一點。它是以太坊和Tron區塊鏈上的令牌，並促進了從一個分類帳到另一個分類帳的非變化轉移。在24小時內，交易量為482.2億美元，代表了加密貨幣交易者中穩定的廣泛使用。

Initially launched in 2014 as Realcoin, it was later renamed and deployed on the Bitcoin blockchain. The founders, Brock Pierce, Reeve Collins, and Craig Sellars, envisioned an integration of traditional banking and virtual currency to create an American digital dollar, free from inflation and deflationary movements.

最初於2014年以Realcoin的身份推出，後來又重命名並部署在比特幣區塊鏈上。創始人布羅克·皮爾斯（Brock Pierce），里夫·柯林斯（Reeve Collins）和克雷格·塞拉斯（Craig Sellars）設想了傳統的銀行和虛擬貨幣的整合，以創造出不受通貨膨脹和通貨緊縮運動的美國數字美元。

The main difference in the types of cryptocurrencies as far as Tether is concerned is the total amount of tokens issued, that’s 149.35 billion in circulation and 151.51 billion in total. The stablecoin is different from the other, more stable cryptocurrencies in the sense that it is not confined to its maximum limit, and thus issuance of a larger amount is allowed, if there is demand. The very fact that the above is true underscores Tether’s ability to play a major role as a source of liquidity. However, it also raises the issue about the transparency of reserves and regulatory scrutiny.

就繩索而言，加密貨幣類型的主要區別在於，發行的代幣總數，循環1493.5億，總共1515.1億。穩定的穩定性與其他更穩定的加密貨幣不同，因為它不僅限於其最大限制，因此，如果有需求，則允許發行更大的量。以上是真實的事實，這是紐約市長作為流動性來源的主要作用的能力。但是，這也提出了有關儲備金和監管審查的透明度的問題。

As a result of reaching the level of $151.48 billion, the total valuation of the stablecoin is being termed as the fully diluted valuation. The percentage of volume, which takes up 32.39% of the market capitalization, is an obvious indication that USDT has not lost its popularity among traders who need to minimize risks in the crypto universe. Even a marginal daily loss of 0.01% in price could not make Tether something less reliable.

由於達到1514.8億美元的水平，Stablecoin的總估值被稱為完全稀釋的估值。佔市值的32.39％的數量百分比顯然表明，USDT並沒有在需要最大程度地減少加密貨幣宇宙風險的交易者中流失。即使是每日邊際損失0.01％的價格也不會使束縛的可靠性變得不那麼可靠。

Tether has a huge impact on the digital money market. It is a main part of decentralized finance, where people lend, borrow, and farm yield without much price risk. People also use Tether to move money quickly and cheaply between exchanges like Coinbase and Binance. This makes it easy for people to change crypto into fiat currency, making global payments and remittances more efficient.

Tether對數字貨幣市場產生了巨大影響。它是分散財務的主要部分，人們在那裡借貸，借貸和農業收益率而沒有太大的價格風險。人們還利用繫繩在Coinbase和Binance等交流之間快速，便宜地賺錢。這使人們可以輕鬆地將加密貨幣更改為法定貨幣，從而使全球付款和匯款更加有效。

However, Tether’s leadership in its field comes with its share of controversies. Critics of the coin doubt the sufficiency of its reserves. They also highlight the history of regulatory probes, which have been carried out to shed light on the matter. The New York Attorney General accused Tether of illegally using customer deposits and settled with penalties without any admission of guilt. In response to these concerns, the company has committed to providing more frequent updates on its reserves and is now preparing to release a quarterly web report.

但是，系托特在其領域的領導層帶來了爭議。硬幣的批評者懷疑其儲備的充分性。他們還強調了監管探針的歷史，這些探針已被闡明了此事。紐約總檢察長指控繩索非法使用客戶存款，並以罰款而定居，而無需承認有罪。為了應對這些問題，該公司致力於提供更頻繁的儲量更新，現在正準備發布季度網絡報告。

Despite these challenges, USDT managed to claim a 70% share of the stablecoin market by 2023, significantly outpacing competitors like USD Coin. It is the trust in fundamental things that is most evident, and this was the case in the Silicon Valley Bank crisis in 2023, when USDT maintained its strength amidst the fall of the others. This showcases more clearly that it is a strong shelter for the market in stormy times.

儘管面臨這些挑戰，但USDT到2023年設法佔據了Stablecoin市場的70％份額，大大超過了像USD Coin這樣的競爭對手。最明顯的是對基本事物的信任，而在2023年矽谷銀行危機中就是這種情況，當時USDT在其他人的衰落中保持了力量。這更清楚地表明，這是暴風雨時期市場的強大庇護所。

The method of operation of Tether isn’t elaborately complicated but it certainly is effective. It promises to have enough cash, treasuries, and other assets in its reserves as are the coins that are being circulated. This 1:1 lock ensures that USDT remains close to $1 as well as that the fluctuations in the market occur during periods of very extreme trading, and are usually solved quickly when liquidity gets back to normal.

繫繩的操作方法並不是詳細複雜，但肯定是有效的。它承諾在儲備金中擁有足夠的現金，國庫和其他資產，就像正在分發的硬幣一樣。這1：1鎖可確保USDT接近1美元，並且市場上的波動發生在非常極端的交易期間，並且通常在流動性恢復正常時會迅速解決。

The stablecoin has managed to engage 350 million individuals from diverse corners of the globe, a testament to its widespread acceptance. Its only drawback is the price volatility, making these coins the ultimate options for the traders who want to sidestep the market crisis. Additionally, it has become a favorite of businesses, most of which are settling international deals, and that is why its utility is known to be the best. Trading can be done through USDT on at least 285 exchanges and 32,668 markets, which makes it more comfortable for both beginners and experts.

Stablecoin已設法與來自全球各個角落的3.5億個人交往，這證明了其廣泛接受。它唯一的缺點是價格波動，使這些硬幣成為想要避開市場危機的交易者的最終選擇。此外，它已成為企業的最愛，其中大多數是解決國際交易，這就是為什麼它的實用程序是最好的。交易可以通過USDT進行至少285個交易所和32,668個市場，這使初學者和專家都更加舒適。

The growth of Tether has been staggering, mirroring the development of the cryptocurrency market itself. Back in 2019, it became even more popular than Bitcoin in terms of trading volume, which indicates that the market was becoming more interested in stability. But the main reason for the market cap to increase is the demand for a stable digital currency that doesn’t have the same ups and downs as physical currency.

繫繩的增長令人驚嘆，反映了加密貨幣市場本身的發展。早在2019年，就交易量而言，它變得比比特幣更受歡迎，這表明市場對穩定越來越感興趣。但是，增加市值增加的主要原因是對穩定的數字貨幣的需求與物理貨幣沒有相同的起伏。

The resilience of Tether’s USDT’s ecosystem can be seen in how the company managed to keep its market share despite

Tether的USDT生態系統的彈性可以在公司如何保持其市場份額