Binance 和 Circle 联手挑战 Tether 的稳定币统治地位

监管压力对格局产生了重大影响，特别是对于币安来说，该币安曾面临审查，导致其 BUSD 代币停产

Cryptocurrency exchange Binance and Circle, a co-founder of the second-largest stablecoin USDC, have joined forces to increase the adoption and utilization of the stablecoin during a press conference in Abu Dhabi on Wednesday.

加密货币交易所 Binance 和第二大稳定币 USDC 的联合创始人 Circle 周三在阿布扎比举行的新闻发布会上联手提高稳定币的采用和利用率。

This cooperation, involving three of the biggest players in the cryptocurrency industry, aims to capture a larger share of the booming stablecoin market, especially amidst the entry of new competitors.

此次合作涉及加密货币行业的三个最大参与者，旨在在蓬勃发展的稳定币市场中占据更大份额，特别是在新竞争对手进入的情况下。

According to Fortune, regulatory pressures have played a significant role in shaping the landscape, particularly for Binance, which faced scrutiny leading to the discontinuation of its BUSD coin in late 2023.

据《财富》杂志报道，监管压力在塑造格局方面发挥了重要作用，尤其是对币安来说，该币安面临审查，导致其 BUSD 代币于 2023 年底停产。

However, Binance's recent settlement with the US Department of Justice (DOJ) has paved the way for this collaboration, allowing the exchange to re-enter the stablecoin market under a more compliant framework.

然而，币安最近与美国司法部（DOJ）达成的和解协议为此次合作铺平了道路，使该交易所能够在更合规的框架下重新进入稳定币市场。

Kash Razzaghi, Circle’s Chief Business Officer, highlighted the mutual benefits of this alliance, stating that Binance has undergone a deep transformation of its business.

Circle 首席商务官 Kash Razzaghi 强调了这一联盟的互惠互利，并表示币安已经经历了业务的深刻转型。

Over time, they mutually agreed that it made sense to pair one of the world’s most trusted and regulated stablecoins with Binance’s platform.

随着时间的推移，他们一致认为，将世界上最值得信赖、最受监管的稳定币之一与币安平台配对是有意义的。

This partnership not only allows Circle to leverage Binance’s extensive user base and global reach but also enables Binance to benefit from Circle’s established relationships with US regulators.

此次合作不仅使 Circle 能够利用币安广泛的用户基础和全球影响力，还使币安能够从 Circle 与美国监管机构建立的关系中受益。

While the specifics of revenue sharing between the three entities are not disclosed, this alliance will undoubtedly enhance USDC's visibility and usage across Binance's platform.

虽然三个实体之间收入分成的具体细节尚未披露，但这一联盟无疑将提高 USDC 在币安平台上的知名度和使用率。

Moreover, Binance will be integrating USDC into its corporate treasury operations, which is expected to increase the stablecoin's overall supply, further solidifying its position in the market.

此外，币安将把 USDC 纳入其企业财务业务，预计这将增加稳定币的整体供应量，进一步巩固其在市场中的地位。

Despite the entry of new competitors and the regulatory challenges faced by Tether (USDT), the leading stablecoin in the market, to maintain its market leadership.

尽管市场上领先的稳定币 Tether (USDT) 面临新竞争对手的进入和监管挑战，但仍要保持其市场领先地位。

However, Tether has faced consistent criticism from regulatory bodies around the world for its transparency and regulatory compliance.

然而，Tether 因其透明度和监管合规性而遭到全球监管机构的持续批评。

While the company has consistently reported quarterly profits of over $1 billion, concerns about its reserve management and accounting practices continue to circulate, especially among risk-averse financial institutions.

尽管该公司的季度利润始终超过 10 亿美元，但对其准备金管理和会计实践的担忧仍在继续，尤其是在规避风险的金融机构中。

This mistrust may provide an opportunity for Circle and Binance to capture market share, especially among risk-averse financial institutions looking for stablecoin solutions.

这种不信任可能为 Circle 和币安提供了夺取市场份额的机会，特别是在寻求稳定币解决方案的规避风险的金融机构中。

According to Fortune, this new coalition is set to challenge Tether's market dominance, especially as regulatory conditions change and new legislative frameworks arise to encourage bitcoin usage.

据《财富》杂志报道，这个新联盟将挑战 Tether 的市场主导地位，特别是在监管条件发生变化以及鼓励比特币使用的新立法框架出现的情况下。

The potential for a more favorable regulatory climate under the incoming Trump administration may further enable stablecoins like USDC to integrate into mainstream financial practices.

即将上任的特朗普政府可能会创造更有利的监管环境，这可能会进一步使 USDC 等稳定币融入主流金融实践。

In addition to Tether, Binance and Circle will contend with emerging competitors like the Global Dollar Network, launched by Paxos and several other firms.

除了 Tether 之外，币安和 Circle 还将与 Paxos 和其他几家公司推出的 Global Dollar Network 等新兴竞争对手展开竞争。

This initiative aims to create a stablecoin that provides returns to its members, offering an alternative model that could disrupt the established players in the market.

该计划旨在创建一种为其成员提供回报的稳定币，提供一种可能颠覆市场上现有参与者的替代模式。

As the landscape continues to shift, the next year will be crucial for determining whether USDC or another stablecoin can effectively challenge Tether’s market leadership.

随着形势不断变化，明年对于确定 USDC 或其他稳定币能否有效挑战 Tether 的市场领导地位至关重要。

However, the growing interest in stablecoins suggests that the market may expand enough to accommodate multiple successful players.

然而，对稳定币日益增长的兴趣表明市场可能会扩大到足以容纳多个成功的参与者。

At the time of writing, BNB is trading at $707, inching closer to its all-time high of $788 attained on December 4, recording a 6% increase over the past 24 hours, from CoinGecko data.

截至撰写本文时，BNB 的交易价格为 707 美元，接近 12 月 4 日创下的历史高点 788 美元，根据 CoinGecko 的数据，过去 24 小时内上涨了 6%。