Coinbase（Coin）和PayPal（PYPL）已合作制作付款巨头的Stablecoin，PayPal USD（PYUSD），更容易购买和使用

Coinbase（硬币1.77％）和PayPal（PYPL 2.81％）已联手使付款巨头的稳定股PayPal USD（Pyusd -0.00％），更易于购买和使用。

Coinbase (NASDAQ:COIN) and PayPal (NASDAQ:PYPL) are teaming up to make the payment giant's stablecoin, PayPal USD (CRYPTO:PYUSD), easier to buy and use.

Coinbase（NASDAQ：COIN）和PAYPAL（NASDAQ：PYPL）正在合作，使付款巨头的Stablecoin，PayPal USD（Crypto：Pyusd），更易于购买和使用。

What Happened: Coinbase and PayPal are deepening their partnership to help drive the adoption of the PYUSD stablecoin, the two companies said on Monday, April 24.

发生的事情：两家公司在4月24日星期一表示，Coinbase和Paypal正在加深他们的合作伙伴关系，以帮助推动Pyusd Stablecoin的采用。

PayPal is planning to add the stablecoin to more of its products to make payments cheaper and faster for merchants, and they will also work together on ways to use PYUSD in decentralized finance.

PayPal计划将Stablecoin添加到更多产品中，以使商人更便宜，更快地付款，他们还将共同努力，以使用Pyusd在分散融资中使用Pyusd。

The two companies are also planning to collaborate on ways to use PYUSD in decentralized finance (DeFi). People invest in cryptocurrencies in the hope that their value will increase. But most types of stablecoins are designed to hold a nearly constant value.

两家公司还计划在分散的金融（DEFI）中使用Pyusd使用Pyusd的方法。人们投资加密货币，希望其价值会增加。但是，大多数类型的Stablecoins旨在具有几乎恒定的价值。

Related Link: Exclusive: How A Crypto Billionaire Is Making A Last Stand Against A 'Deceptive' Short Seller

相关链接：独家：加密货币亿万富翁如何对“欺骗性”短卖方做出最后的立场

Why It's Important: As one of the leading U.S. crypto exchanges and a major player in e-commerce and online payments, Coinbase and PayPal could play a role in increasing the adoption of cryptocurrencies.

为什么重要的是：作为美国领先的加密交易所之一，以及电子商务和在线付款的主要参与者，Coinbase和PayPal可能在增加采用加密货币方面发挥作用。

Stablecoins are cryptocurrencies that are pegged to real-world assets such as the U.S. dollar. As such, they offer a blockchain-based payment method that doesn't suffer from crypto’s usual volatility. There’s fierce competition for market share among the various stablecoins, and PayPal’s Coinbase deal could give it a serious leg up.

Stablecoins是加密货币，与美元等现实世界中的资产挂钩。因此，他们提供了一种基于区块链的付款方式，这种方法不会遭受加密货币通常的波动。各种稳定币之间存在激烈的市场份额竞争，而贝宝（Paypal）的共同交易可能会给它带来严肃的脚步。

Let’s look at why the deal matters and how increased stablecoin usage is good for the wider crypto ecosystem.

让我们看看为什么这笔交易很重要，以及增加的稳定使用对更广泛的加密生态系统有益。

Coinbase and PayPal’s PYUSD deal

Coinbase和PayPal的PYUSD交易

On April 24, Coinbase and PayPal said they were deepening their partnership to help drive the adoption of the PYUSD stablecoin. PayPal is planning to add the stablecoin to more of its products to make payments cheaper and faster for merchants.

4月24日，Coinbase和Paypal表示，他们正在加深他们的合作伙伴关系，以帮助推动Pyusd Stablecoin的采用。 PayPal计划将Stablecoin添加到更多产品中，以使商人更便宜，更快。

For crypto investors, one important part of the deal is that the two companies plan to collaborate on ways to use PYUSD in decentralized finance (DeFi). DeFi allows people to manage money without relying on intermediaries like banks. An example would be earning interest through peer-to-peer lending.

对于加密投资者来说，交易的一个重要部分是，两家公司计划在分散融资（DEFI）中使用Pyusd的方法进行合作。 DEFI允许人们在不依靠银行等中介机构的情况下管理资金。一个例子是通过对等贷款赚取兴趣。

Increased adoption of DeFi is somewhat of a work in progress. It’s hampered by various issues, from limited utility to critical vulnerabilities and regulatory issues. It could be a real-world use case for cryptocurrency, but it has a long way to go before people trust it with their cash.

提高DEFI的采用在某种程度上有点正在进行中。从有限的效用到关键脆弱性和监管问题，它受到了各种问题的阻碍。这可能是用于加密货币的真实用例，但是在人们以现金信任之前，还有很长的路要走。

Stablecoins and crypto investment

Stablecoins和加密货币投资

PayPal launched its dollar-pegged stablecoin earlier in 2023, but it has yet to take significant market share from current leaders, Circle's USDC and Tether. This deal increases PayPal’s potential to disrupt the status quo and become a serious contender in the stablecoin market.

PayPal于2023年初推出了其美元的Stablecoin，但尚未从现任领导者，Circle的USDC和Tether中取得很大的市场份额。这项交易增加了贝宝（Paypal）破坏现状并成为Stablecoin市场中的认真竞争者的潜力。

Stablecoins are a significant part of the crypto market. According to CEX.IO, stablecoin transfer volume reached $27.6 trillion in 2024 -- more than the combined volume of Visa (NYSE:V) and Mastercard (NYSE:MA). They offer many of the advantages of blockchain technology, such as speedy, low-cost transactions, without the volatility of other cryptocurrencies.

Stablecoins是加密市场的重要组成部分。根据Cex.io的说法，Stablecoin转移量在2024年达到27.6万亿美元 - 超过签证（NYSE：V）和MasterCard（NYSE：MA）的合并量。他们提供了区块链技术的许多优势，例如快速，低成本的交易，而没有其他加密货币的波动。

People often describe stablecoins as a relatively safe way to dip your toe in the crypto waters, but that’s not entirely true. First, stablecoins are not as safe as people like to think. Second, by nature, their prices won’t increase the way Bitcoin or Ethereum might. And third, a stablecoin that’s pegged to the U.S. dollar can’t act as a hedge against the devaluation of that same currency.

人们经常将Stablecoins描述为将您的脚趾浸入加密水域的相对安全的方法，但这并非完全正确。首先，稳定的人不像人们喜欢的那样安全。其次，从本质上讲，他们的价格不会增加比特币或以太坊的方式。第三，与美元挂钩的稳定者不能充当对同一货币贬值的对冲。

Of course, the prices also won’t decrease dramatically -- unless the stablecoin fails, which is what happened with TerraUSD in 2024. People put a small part of their investment cash into cryptocurrency because they think it might increase in value over time. But you won’t get rich slow with stablecoins. If you’re holding stablecoins as a safe investment, you’d be better off leaving your money in the bank.

当然，价格也不会大大降低 - 除非Stablecoin失败了，这是Terrausd在2024年发生的事情。人们将其投资现金的一小部分投入了加密货币，因为他们认为它的价值可能会随着时间的推移而增加。但是您不会因稳定剂而变得富裕。如果您将Stablecoins作为安全投资，那么最好把钱留在银行中。

Stablecoins can sometimes generate passive income in the form of interest paid on deposits. For example, PayPal told Bloomberg that it will offer a 3.7% yield on PYUSD holdings, starting later this year. But that’s also more complicated than it seems. Unlike dollars in a bank, stablecoins are not protected by Federal Deposit Insurance Corporation coverage.

稳定币有时可以以支付的存款的利益形式产生被动收入。例如，贝宝告诉彭博社，从今年晚些时候开始，Pyusd Holdings的收益率将为3.7％。但这也比看起来还要复杂。与银行中的美元不同，Stablecoins不受联邦存款保险公司覆盖的保护。

Some stablecoin issuers, such as PYUSD and USDC, say that they back every coin issued with real-world assets. This helps them maintain their peg and offers protection against the stablecoin equivalent of a bank run. Even so, there’s a lot of uncertainty about what consumer protections apply to these bank-like services. Regulation is in the pipeline, but not yet in place.

一些Stablecoin发行人（例如Pyusd和USDC）说，他们支持了所有带有现实世界中资产的硬币。这有助于他们维持钉子，并提供防止与银行运营相当的稳定币。即便如此，对于这些类似银行的服务，哪些消费者保护措施也有很多不确定性。法规正在管道中，但尚未到位。

Why the Coinbase-PayPal deal could rock crypto

为什么Coinbase-Paypal交易可以摇滚加密

One reason cryptocurrency is such

加密货币的原因之一