$172B 的稳定币市场可能会推高加密货币价格

CoinMarketCap 的 Alice Liu 表示，稳定币市场与伯克希尔哈撒韦公司的巨额现金储备并没有什么不同，它已经准备好进行部署。

Crypto markets are sitting on a powder keg that could soon blast prices higher.

加密货币市场正坐在火药桶上，价格可能很快就会上涨。

That’s according to Alice Liu, lead researcher at crypto data firm CoinMarketCap, who told CoinDesk that crypto investors should view the $172 billion stablecoin market as a huge reserve of cash ready to be deployed into cryptocurrencies the moment bitcoin (BTC) rises again and momentum picks up.

加密数据公司 CoinMarketCap 首席研究员 Alice Liu 表示，加密货币投资者应该将 1720 亿美元的稳定币市场视为巨大的现金储备，一旦比特币 (BTC) 再次上涨且势头回升，就可以将其部署到加密货币中。向上。

“A lot of people want to keep cash on the side – both crypto degens and institutions,” Liu said. “It’s almost similar to Warren Buffett holding cash on the side, waiting to buy at any point.”

“很多人都想保留现金——无论是加密货币还是机构，”刘说。 “这几乎类似于沃伦·巴菲特持有现金，等待随时买入。”

Berkshire Hathaway, the investment firm run by billionaire Buffett, reported holding nearly $277 billion in cash at the end of the second financial quarter. That’s a 46% increase from the $189 billion that it was sitting on in the first quarter.

亿万富翁巴菲特经营的投资公司伯克希尔哈撒韦公司报告称，截至第二财季末，其持有近 2770 亿美元现金。这比第一季度的 1,890 亿美元增长了 46%。

Stablecoins are cryptocurrencies designed to stay at par with a government-issued currency, typically the U.S. dollar.

稳定币是一种加密货币，旨在与政府发行的货币（通常是美元）保持同等水平。

Some cryptocurrencies – like ether (ETH), the second largest coin by market capitalization – are still languishing way below their 2021 all-time highs, but the stablecoin market has almost regained its former strength, down just 8% from its $187 billion peak in spring 2022.

一些加密货币 — — 比如市值第二大的加密货币以太币 (ETH) — — 仍远低于 2021 年的历史高点，但稳定币市场几乎恢复了之前的强势，仅比 2021 年 1870 亿美元的峰值下降了 8%。 2022 年春天。

Even more striking, stablecoins account for about 50% of all value settled on public blockchains. Bitcoin, the largest cryptocurrency by value, only accounts for 25% of such transactions.

更引人注目的是，稳定币约占公共区块链结算总价值的 50%。比特币是价值最大的加密货币，但仅占此类交易的 25%。

Liu said that while a portion of that capital is being used for other purposes – for example, to earn yield through decentralized finance (DeFi) protocols – the sheer size of the available liquidity meant that, if crypto prices start rising again, stablecoins will likely add fuel to the fire.

刘表示，虽然部分资本被用于其他目的——例如，通过去中心化金融（DeFi）协议赚取收益——但可用流动性的庞大规模意味着，如果加密货币价格再次开始上涨，稳定币可能会火上浇油。

It's not just the total stablecoin market capitalization that's important, but where these tokens are located. For example, stablecoins held on crypto exchanges are easier to deploy into the market rapidly – and historical data suggests that an increase in stablecoins on exchanges tends to precede higher prices. That metric has grown by 20% this year, according to data analytics firm CryptoQuant.

重要的不仅是稳定币总市值，还有这些代币的所在地。例如，加密货币交易所持有的稳定币更容易快速部署到市场中，历史数据表明，交易所中稳定币的增加往往先于价格上涨。据数据分析公司 CryptoQuant 称，这一指标今年增长了 20%。

“This is probably going to be one of the main drivers for us in a bull market,” Liu said.

“这可能将成为我们牛市的主要推动力之一，”刘说。