USDT，USDC和Stablecoin Suger：是什麼推動了繁榮？

像USDT和USDC這樣的Stablecoins正在蓬勃發展，數十億美元流入。但是這種增長可持續嗎？讓我們深入了解趨勢以及穩定菌的下一步。

Stablecoins are on fire! USDT and USDC are leading a massive influx of capital into the crypto space, but are rising tides lifting all boats? Let's unpack the stablecoin story.

穩定幣著火了！ USDT和USDC正在帶領大量資本湧入加密貨幣空間，但是潮汐升起了所有的船隻？讓我們解開stablecoin的故事。

The Stablecoin Explosion: A $46 Billion Quarter

Stablecoin爆炸：460億美元的季度

The last three months have been insane for stablecoins. We're talking over $46 billion flowing into the market, pushing the total market cap near $290 billion. That's not pocket change, folks. Stablecoins are the backbone of crypto trading, settling transactions left and right.

過去三個月對於穩定劑來說已經瘋狂了。我們正在談論超過460億美元流向市場，將總市值推向了2900億美元。伙計們，那不是零錢。 Stablecoins是加密交易的骨幹，左右與交易結算。

Ethereum's still the king, hosting $171 billion in stable assets, with Tron a distant second at $76 billion. But the real action is in the newcomers.

以太坊仍然是國王，擁有1,710億美元的穩定資產，特隆（Tron）遙遠的第二名，以760億美元的價格。但是真正的行動在於新移民。

USDT and USDC: The Titans Clash (and a New Challenger Appears)

USDT和USDC：Titans Clash（出現新的挑戰者）

Tether's USDT is still the big boss, pulling in nearly $20 billion in new issuance. Circle's USDC is making a serious comeback, jumping from peanuts to over $12 billion in inflows. But hold up, there's a new sheriff in town. Ethena's USDe is the dark horse, raking in $9 billion. Who saw that coming?

Tether的USDT仍然是大老闆，在新發行中賺了近200億美元。 Circle的USDC正在認真捲土重來，從花生跳到超過120億美元的流入。但是請堅持，鎮上有一個新的警長。 Ethena的USDE是黑馬，賺了90億美元。誰看到那個來了？

PayPal's PYUSD and MakerDAO's USDS are also in the game, posting over a billion each, and Ripple's RLUSD is showing promise. The stablecoin landscape is getting crowded, y'all.

貝寶（Paypal）的Pyusd和Makerdao的USD也在遊戲中，每張超過10億美元，Ripple的RLUSD表現出了希望。大家，Stablecoin景觀變得越來越擁擠。

The Catch: Are Users Keeping Up?

捕獲：用戶跟上了嗎？

Here's where it gets interesting. While the money's pouring in, user activity is dropping. Active addresses are down, and transfer volume is sliding. Supply's up, but demand is... not quite there. Are we building castles in the sky, or are stablecoins on the verge of mainstream adoption?

這是有趣的地方。當錢湧入時，用戶活動正在下降。主動地址是下降的，傳輸量正在滑動。供應已經上升，但需求是……不完全存在。我們是在天空中建造城堡，還是在主流採用的邊緣？

Tron's Quiet Domination

特隆的安靜統治

While everyone's watching Ethereum, Tron is quietly dominating the stablecoin transfer game, especially with USDT. They're processing way more USDT transactions than Ethereum, thanks to low fees and a focus on emerging markets. Tron's becoming the go-to rail for remittances and B2B flows. Who knew?

當每個人都在觀看以太坊時，Tron悄悄地主導了Stablecoin轉會遊戲，尤其是在USDT中。由於低費用和專注於新興市場，他們的處理方式比以太坊要多於以太坊。特隆（Tron）成為匯款和B2B流量的首選軌道。誰知道？

My Two Satoshis: Stablecoins Need Real-World Use

我的兩個satoshis：stablecoins需要真實的使用

Here's my take: stablecoins are more than just trading tools. They're the potential foundation for a new financial system. But to truly take off, they need to move beyond crypto exchanges and into everyday payments. Imagine paying your rent or buying groceries with USDC. That's the dream, and it's closer than you think.

這是我的看法：Stablecoins不僅僅是交易工具。它們是新金融系統的潛在基礎。但是要真正起飛，他們需要超越加密交易所並進行日常付款。想像一下，用USDC支付租金或購買雜貨。那是夢想，它比您想像的要近。

The rise of Digital Asset Treasuries (DATs), where public companies are accumulating tokens on their balance sheets, shows the growing confidence in crypto. With clearer regulations and accounting standards, more companies will likely embrace stablecoins.

上市公司在資產負債表上積累令牌的數字資產國庫（DAT）的興起表明，對加密貨幣的信心越來越大。有了更明確的法規和會計標準，越來越多的公司可能會接受穩定的公司。

The Future is Stable (Maybe)

未來是穩定的（也許）

So, what's next? Will stablecoins become the plumbing of the global economy? Will USDT and USDC continue to dominate? Or will a new player steal the show? Only time will tell, but one thing's for sure: the stablecoin story is far from over. Buckle up, it's gonna be a wild ride!

那麼，下一步是什麼？ Stablecoins會成為全球經濟的管道嗎？ USDT和USDC會繼續占主導地位嗎？還是新玩家會偷節目？只有時間會說明，但是可以肯定的是：Stablecoin的故事還遠遠沒有結束。扣緊，這將是一次瘋狂的旅程！