美國財政部長宣布，固定的Stablecoins的市值為2萬億美元，不僅可行 -

2025年6月11日，美國財政部長斯科特·貝森特（Scott Bessent）宣布，美元 - 笨拙的stablecoins的2萬億美元市值不僅是可行的，而且還可以。

U.S. Treasury Secretary Scott Bessent has stated that a $2 trillion market capitalization for U.S. dollar-pegged stablecoins is not only feasible, but also within reach.

美國財政部長斯科特·貝斯特（Scott Bessent）表示，美元固定的穩定股票不僅可行，而且還可以達到2萬億美元的市值。

Speaking at the White House Crypto Summit, Bessent argued that a predictable regulatory framework would catalyze adoption, fuel broader capital inflows, and reinforce the global dominance of the U.S. dollar.

Bessent在白宮加密峰會上發表講話時辯稱，可預測的監管框架將催化採用，助長更廣泛的資本流入並增強美元的全球優勢。

“We have a real shot at seeing $2 trillion in stablecoins by 2028,” Bessent said.

Bessent說：“到2028年，我們看到了2萬億美元的2萬億美元。”

“That will put them on par with the world’s largest asset class—no small feat considering where stablecoins started just a few years ago.”

“這將使他們與世界上最大的資產類別相提並論 - 考慮到幾年前Stablecoins在哪裡開始的情況，沒有小壯舉。”

Explode As Treasury Demand Surges

隨著財政需求激增的爆炸

The stablecoin market, presently valued at roughly $247 billion as of May 2025, has surged more than 50% year-over-year.

截至2025年5月，目前價值約2470億美元的Stablecoin市場飆升了50％以上。

New supply jumped by over $30 billion in Q1 2025 alone, hitting record highs even while broader crypto markets remained subdued as reported by BitKE.

僅在2025年第1季度，新的供應量就會增長超過300億美元，即使比特克（Bitke）報導，即使更廣泛的加密貨幣市場仍然疲憊不堪，即使更廣泛的加密貨幣市場仍然達到創紀錄的高點。

MILESTONE | #Stablecoin Supply Skyrockets by $30B in Q1 2025 Reaching New All-Time Highs – #Ethereum Remains the Epicenter

里程碑| #StableCoin Supply Skyrockets在Q1 2025中達到30B $ 30B，到達新的歷史最高點 - #Ethereum仍然是震中

Ethereum processed over $3 trillion in stablecoin transactions on its mainnet in Q1 2025 alone.https://t.co/yYw5KP11os

以太坊僅在Q1 2025上的Mainnet上處理超過3萬億美元的Stablecoin交易。

— BitKE (@BitcoinKE) April 5, 2025

- 戰鬥（@bitcoinke）2025年4月5日

Ethereum remains the epicenter of stablecoin activity, processing more than $3 billion in stablecoin transactions in just the first quarter of 2025. The number of unique stablecoin addresses on the chain surpassed 200,000 in March 2025.

以太坊仍然是Stablecoin活動的中心，在2025年的第一季度處理了超過30億美元的Stablecoin交易。該連鎖店在鏈條上的獨特Stablecoin地址的數量超過了2025年3月。

Global Use Cases: From Trading to Everyday Payments

全球用例：從交易到日常付款

Originally tools for crypto-trading (still accounting for around 88% of stablecoin use), these digital dollars are now breaking into real-world payments and remittances.

這些數字美元最初用於加密交易的工具（仍佔使用Stablecoin的88％），現在正在付款現實的付款和匯款。

In emerging markets – especially across Africa, Latin America, and South Asia – stablecoins have become a vital alternative to unstable local fiat. As documented by BitKE, they represent nearly half of crypto usage in regions like Nigeria, Ethiopia, Ghana, and South Africa – at times making up ~43% of all crypto transaction volume in sub-Saharan Africa.

在新興市場，尤其是整個非洲，拉丁美洲和南亞的市場中，Stablecoins已成為不穩定當地菲亞特的重要替代品。正如Bitke所記錄的那樣，它們代表了尼日利亞，埃塞俄比亞，加納和南非等地區的幾乎一半的加密貨幣，有時佔撒哈拉以南非洲所有加密交易量的約43％。

Institutions Are Key As Legislators Push For Liquid, Fully Backed Reserves

機構是關鍵，因為立法者推動液體，全支持儲量

Stablecoin issuers like Tether and Circle now hold over $166 billion in U.S. Treasuries—primarily short-term bills.

Tether和Circle等Stablecoin發行人現在在美國國債中持有超過1660億美元的票據，這是主要的短期賬單。

Legislative efforts, such as the U.S. Senate’s “GENIUS Act,” would cement a requirement for these reserves to be liquid and fully backed—encouraging issuers to increase their Treasury holdings.

立法努力，例如美國參議院的“天才法案”，將鞏固這些儲備為液體和完全支持的要求，以增加發行人來增加其財政部持股。

Analysts now forecast stablecoin growth to reach the $2 trillion mark by 2028, largely driven by regulatory clarity propelling adoption and Treasury demand. JP Morgan even suggests stablecoin issuers could rank among the top three purchasers of Treasury bills in just a few years.

分析師現在預測，到2028年，Stablecoin的增長將達到2萬億美元的大關，這在很大程度上是由監管清晰度推動採用和財政需求的驅動。 JP Morgan甚至建議Stablecoin發行人在短短幾年內就可以躋身國庫券的前三名。

While proponents envision a stablecoin-backed surge in government debt demand, analysts warn that rapid sell-offs—perhaps triggered by a confidence crisis—could depress Treasury prices and disrupt both bond and banking markets.

儘管支持者設想政府債務需求中有堅定的支持的激增，但分析師警告說，迅速拋售（也許是由信心危機引發的）可能會降低債券價格並破壞債券和銀行市場。

Exploding Growth But Illicit Use Remains A Concern

爆炸增長，但非法使用仍然是一個關注的問題

Along with explosive growth and real-world utility come well-known risks. Chainalysis reports that in 2024, over 60% of illicit crypto activity used stablecoins, making them a focal point for money-laundering and darknet markets.

隨著爆炸性增長和現實世界的效用，眾所周知的風險。 Chainalysis報導說，2024年，超過60％的非法加密活動使用了Stablecoins，使其成為洗錢和暗網市場的焦點。

The largest stablecoin, Tether (USDT), remains prominent—holding more than $114 billion in circulation—but has drawn regulatory scrutiny over reserve insufficiencies, culminating in a $41 million fine.

最大的Stablecoin Tether（USDT）仍然是突出的 - 持有超過1,140億美元的發行量 - 但對儲備金不足進行了監管審查，最終以4100萬美元的罰款。

Path To $2 Trillion

達到2萬億美元的道路

Several powerful forces are converging to push stablecoins toward Bessent’s target:

幾個強大的力量正在融合，將Stablecoins推向Bessent的目標：

* U.S. administrative bodies, such as the Treasury Department and the Securities and Exchange Commission, have largely completed their regulatory frameworks for cryptocurrencies.

*美國行政機構，例如財政部和證券交易委員會，在很大程度上完成了其加密貨幣的監管框架。

* These rules are designed to encourage innovation while safeguarding financial stability—a balance that has taken time to achieve.

*這些規則旨在鼓勵創新，同時維護財務穩定性，這一平衡需要花費時間才能實現。

* As institutions gain familiarity with digital assets and relevant legislation is finalized, broader capital is expected to flow into the space.

*隨著機構對數字資產的熟悉和相關立法的最終確定，預計更廣泛的資本將流入該空間。

* A surge in institutional capital will be key to propelling stablecoins toward the $2 trillion market capitalization that Bessent foresees.

*機構資本的激增將是推動穩定的人的關鍵。

* Moreover, these funds will largely channel into U.S. credit markets, converging with the broader macro landscape.

*此外，這些資金將在很大程度上引入美國信貸市場，並與更廣泛的宏觀景觀融合。

Bessent’s bold statement isn’t mere rhetoric—it reflects a tangible trajectory. Stablecoins have evolved from a niche trading convenience into a robust financial infrastructure with global reach. Anchored by institutional capital, bolstered by clear regulation, and entrenched in everyday finance, they are poised to become a $2 trillion asset class.

Bessent的大膽陳述不僅僅是修辭 - 它反映了有形的軌跡。 Stablecoins已經從利基交易的便利發展轉變為具有全球範圍的強大金融基礎設施。由機構資本的基礎，受到明確的監管的支持，並在日常財務中根深蒂固，他們有望成為2萬億美元的資產類別。

Still

仍然