USDC 在穩定幣的巨大轉變中戰勝了 Tether

在穩定幣格局的重大轉變中，Circle 的美元代幣(USDC) 在交易量方面取得了勝利，於2024 年4 月超過了衛冕之王Tether (USDT)。 Visa 的鏈上分析顯示USDC 處理了令人矚目的交易量。這一發展標誌著 USDC 的顯著崛起，自 2023 年底以來，USDC 一直在穩步發展。

USDC's Triumph Over Tether: A Seismic Shift in the Stablecoin Realm

USDC 戰勝 Tether：穩定幣領域的巨大轉變

The unwavering dominance of Tether (USDT) as the preeminent stablecoin has been challenged by a formidable contender. Circle's USD Coin (USDC) has emerged victorious, eclipsing Tether in terms of transaction volume in April 2024, a remarkable revelation unearthed by on-chain analytics from payments behemoth Visa.

Tether（USDT）作為卓越穩定幣的堅定統治地​​位受到了強大競爭者的挑戰。 Circle 的美元代幣 (USDC) 在 2024 年 4 月的交易量方面取得了勝利，超越了 Tether，這是支付巨頭 Visa 的鏈上分析發現的一個引人注目的結果。

This development represents a tectonic shift in the stablecoin panorama. While Tether retains an awe-inspiring market capitalization exceeding $110 billion, USDC, with its valuation of $33 billion, has surged to the forefront as the more actively traded stablecoin.

這一發展代表了穩定幣格局的結構性轉變。儘管 Tether 的市值仍然超過 1100 億美元，令人驚嘆，但 USDC 的估值高達 330 億美元，作為交易更為活躍的穩定幣，已躍居前列。

Visa's data unveils USDC's extraordinary transaction volume of $456 billion last week – a staggering 400% increase – in stark contrast to Tether's $89 billion.

Visa 的數據顯示，USDC 上週的交易量達到 4,560 億美元，增幅高達 400%，與 Tether 的 890 億美元形成鮮明對比。

USDC's Ascendance: A Calculated Climb

USDC 的崛起：有計劃的攀登

USDC's triumph is not a mere passing fancy but rather the culmination of a strategic campaign that has steadily eroded Tether's supremacy since late 2023. Visa's analysis reveals that USDC's monthly transactions exceeded Tether's for the first time in December 2023, with 145 million transactions compared to Tether's 127 million. The April figures cement this trend, with USDC registering an impressive 166 million transactions against Tether's 164 million.

USDC 的勝利不僅僅是一時的幻想，而是一場戰略戰役的高潮，這場戰略戰役自2023 年底以來一直在穩步侵蝕Tether 的霸主地位。月首次超過Tether，與Tether 相比，USDC 的月交易量為1.45 億筆1.27億。 4 月的數據鞏固了這一趨勢，USDC 的交易量為 1.66 億筆，而 Tether 的交易量為 1.64 億筆。

Analysts attribute USDC's meteoric rise to a confluence of factors. Enhanced regulatory scrutiny surrounding Tether's reserves, coupled with lingering concerns over its transparency, may have driven users towards USDC, perceived as a more regulated and auditable stablecoin.

分析師將 USDC 的迅速崛起歸因於多種因素的綜合作用。對 Tether 儲備的監管審查加強，加上對其透明度揮之不去的擔憂，可能促使用戶轉向 USDC，因為 USDC 被認為是一種受到更嚴格監管和可審計的穩定幣。

Additionally, USDC's strategic partnership with Visa has played a pivotal role. In April, Visa introduced a stablecoin analytics dashboard that prominently features USDC alongside other leading stablecoins. This enhanced visibility has likely drawn new users to the platform.

此外，USDC 與 Visa 的策略合作夥伴關係也發揮了關鍵作用。今年 4 月，Visa 推出了穩定幣分析儀表板，其中突出顯示了 USDC 以及其他領先的穩定幣。這種增強的可見性可能吸引了新用戶到該平台。

Tether Clings to its Crown (For Now)

Tether 緊握其王冠（目前）

Despite USDC's impressive surge in transaction volume, Tether remains the undisputed king in terms of market capitalization. Its $110 billion dwarf's USDC's $33 billion, indicating significantly higher cumulative value of outstanding coins. This suggests that Tether is still the preferred store of value for many crypto investors, even if it is not actively traded as frequently.

儘管 USDC 的交易量激增，但 Tether 仍然是無可爭議的市值之王。其 1,100 億美元的規模使 USDC 的 330 億美元相形見絀，這表明未償代幣的累計價值明顯更高。這表明 Tether 仍然是許多加密貨幣投資者的首選價值儲存手段，即使它的交易不那麼頻繁。

Furthermore, Tether boasts a significantly larger user base. While USDC processed more transactions in April, Tether recorded activity from over 34 million unique wallets compared to USDC's 9.57 million. This suggests that Tether is utilized for more significant transactions or by a broader spectrum of individuals, while USDC caters to a more active trading community.

此外，Tether 擁有更大的用戶群。雖然 USDC 在 4 月處理了更多交易，但 Tether 記錄了超過 3,400 萬個獨立錢包的活動，而 USDC 的交易量為 957 萬個。這表明 Tether 用於更重要的交易或更廣泛的個人，而 USDC 則迎合更活躍的交易社群。

The Future of Stablecoins: A Two-Horse Race?

穩定幣的未來：兩匹馬的競賽？

The contest between USDC and Tether is far from reaching its conclusion. USDC's recent triumph in transaction volume underscores its growing influence within the crypto ecosystem. However, Tether's established user base and market cap dominance imply that it will not relinquish its position without a fierce fight.

USDC 和 Tether 之間的較量還遠遠沒有結束。 USDC 最近在交易量方面的勝利凸顯了其在加密生態系統中日益增長的影響力。然而，Tether 既定的用戶基礎和市值主導地位意味著，如果不經過激烈的戰鬥，它不會放棄自己的地位。

The evolution of regulatory frameworks and user preferences for transparency and security will likely play pivotal roles in shaping the future of stablecoins. Whether USDC can maintain its momentum and challenge Tether's market cap advantage, or if Tether can reclaim its transaction volume lead, remains an uncharted territory.

監管框架的演變以及用戶對透明度和安全性的偏好可能會在塑造穩定幣的未來方面發揮關鍵作用。 USDC 能否保持勢頭並挑戰 Tether 的市值優勢，或者 Tether 能否重新奪回交易量領先地位，仍然是一個未知領域。

The battle between these stablecoin powerhouses is a compelling saga that will undoubtedly continue to unfold in the ever-evolving digital currency landscape.

這些穩定幣巨頭之間的戰鬥是一場引人注目的傳奇，毫無疑問，它將在不斷發展的數位貨幣格局中繼續上演。