美國財政部預測，到2028年，Stablecoin市場將達到$ 2T

根據其第1季度的2025年報告，美國財政部預計到2028年，Stablecoin市場將達到2萬億美元。

The US Treasury is bullish on the prospects of the stablecoin market, especially with new regulations on the horizon. According to the Q1 2025 report by the Treasury Borrowing Advisory Committee (TBAC), the Treasury expects the stablecoin market to reach $2 trillion by 2028.

美國財政部對穩定市場的前景看漲，尤其是隨著新法規的發展。根據國庫借貸諮詢委員會（TBAC）的第一季度2025年第一季度，財政部預計，穩定市場將到2028年達到2萬億美元。

This projection considers the changing market structures, new regulatory incentives, and persistent strong demand for dollar-pegged digital assets.

該預測考慮了不斷變化的市場結構，新的監管激勵措施以及對美元固定數字資產的強勁需求。

As of April 2025, the total stablecoin market cap stands at about $234 billion. The Treasury noted that 99% of this market is dominated by USD-pegged stablecoins.

截至2025年4月，Stablecoin市值的總數約為2340億美元。財政部指出，這個市場的99％由美元固定的穩定股主導。

The projected increase to $2 trillion would represent an eightfold rise within three years.

預計將增加到2萬億美元將在三年內增長八倍。

New regulatory expectations would require stablecoin issuers to hold reserves in short-term US Treasury bills. This factor would tie the expansion of stablecoins more directly to the US debt market and T-bill demand.

新的監管期望將要求Stablecoin發行人在短期美國財政賬單中持有儲備。這個因素將更直接地將Stablecoins的擴展與美國債務市場和T-Bill需求聯繫起來。

The TBAC report is prepared by a committee of financial experts who provide advice to the Treasury on government borrowing. The report's findings are regularly used by the administration in making key financial decisions.

TBAC報告是由財務專家委員會準備的，他們向財政部提供有關政府借款的建議。該報告的調查結果被政府定期用於做出關鍵的財務決策。

Earlier this year, the House Financial Services Committee voted to advance a bill that would create a new regulatory framework for stablecoins.

今年早些時候，眾議院金融服務委員會投票提出一項法案，該法案將為Stablecoins創建新的監管框架。

The bipartisan legislation, known as the "Stablecoin TEFRA" bill, would place stablecoin issuers under the supervision of the Federal Reserve and require them to maintain full capital reserves in short-term US Treasury bills or other high-quality debt.

兩黨立法被稱為“ Stablecoin tefra”法案，將置於美聯儲的監督下，並要求他們在美國短期美國國債或其他高質量債務中維持全部資本儲備。

It is still unclear when the Senate will vote on the bill.

目前尚不清楚參議院何時會對該法案進行投票。

Tether Plans US-Only Stablecoin by 2026

繫繩計劃到2026

In a recent development, Tether CEO Paolo Ardoino confirmed that the firm is discussing the launch of a US-only stablecoin.

在最近的發展中，繫繩首席執行官Paolo Ardoino確認該公司正在討論僅美國穩定的穩定的推出。

The new product could be released by the end of 2025 or in early 2026, depending on regulatory progress.

新產品可以在2025年底或2026年初發布，具體取決於監管進度。

“We are just exporters of what we believe to be the best product the United States ever created—that is, the US dollar,” Ardoino said in an interview.

阿多利諾在接受采訪時說：“我們只是我們認為是美國有史以來最好的產品的出口商，即美元。”

Tether is the issuer of USDT, the largest stablecoin with over 60% market share.

Tether是USDT的發行人，USDT是最大的Stablecoin，市場份額超過60％。

This announcement follows reports that the Trump administration is considering ways to use stablecoins as financial tools for expanding US influence in crypto markets.

該公告遵循報導說，特朗普政府正在考慮使用穩定幣作為擴大美國加密市場影響力的財務工具的方法。

As of April 2025, the total crypto market cap stands at around $2 trillion.

截至2025年4月，加密貨幣市值的總計約為2萬億美元。

The administration is also expected to make a decision soon on a proposed stablecoin. Earlier this year, the House Financial Services Committee voted to advance a bill that would create a new regulatory framework for stablecoins.

預計政府將很快就擬議的Stablecoin做出決定。今年早些時候，眾議院金融服務委員會投票提出一項法案，該法案將為Stablecoins創建新的監管框架。

The bipartisan legislation, known as the "Stablecoin TEFRA" bill, would place stablecoin issuers under the supervision of the Federal Reserve and require them to maintain full capital reserves in short-term US Treasury bills or other high-quality debt.

兩黨立法被稱為“ Stablecoin tefra”法案，將置於美聯儲的監督下，並要求他們在美國短期美國國債或其他高質量債務中維持全部資本儲備。

It is still unclear when the Senate will vote on the bill.

目前尚不清楚參議院何時會對該法案進行投票。

However, the House bill faces an uphill battle in the Senate, where Democrats are expected to push for stricter regulations on stablecoins.

但是，眾議院法案在參議院面臨著一場艱苦的戰鬥，預計民主黨人將推動對穩定的法規進行更嚴格的法規。

USDT Market Cap Surges Ahead of US Dollar Supply

USDT市值飆升至美元供應

A chart from TradingView compared the market cap of USDT with the US dollar in circulation.

TradingView的圖表將USDT的市值與美元流通進行了比較。

The USDT supply (blue line) has grown rapidly since November 2023. In contrast, the US currency in circulation (red line) has remained nearly flat throughout this period.

自2023年11月以來，USDT供應（藍線）迅速增長。相比之下，在此期間，美國流通貨幣（紅線）幾乎保持平坦。

The data shows the staggering increase in USDT, highlighting the strong demand for dollar-pegged stablecoins in digital finance.

數據表明，USDT的驚人增加，強調了對數字融資中對美元固定的穩定股的強勁需求。

The chart highlights the rapidly growing role of stablecoins in the new digital economy.

該圖表強調了Stablecoins在新數字經濟中的迅速增長。