哪些国家在稳定币竞赛中处于领先地位，他们是如何实现这一目标的？

当我们进入这个月的最后几天时，我们开始结束对数字资产的关注，重点关注另一项技术创新

Digital currencies have been all the buzz in recent years. However, the idea that digital assets are exclusively some form of currency is slowly falling by the wayside as different use cases are emerging and being rapidly adopted. This May, The Fintech Times is looking to showcase some of these new methods and explore how the digital asset ecosystem is evolving.

近年来，数字货币一直是热门话题。然而，随着不同用例的出现和迅速采用，数字资产只是某种形式的货币的想法正在慢慢被抛在一边。今年五月，《金融科技时报》希望展示其中一些新方法，并探讨数字资产生态系统如何发展。

As we reach the final days of the month, we begin to bring our focus on digital assets to a close, by focusing on another technological innovation gaining momentum: the stablecoin.

当我们进入本月的最后几天时，我们开始结束对数字资产的关注，重点关注另一项势头强劲的技术创新：稳定币。

This cryptocurrency is designed to have a more stable price, than its famously volatile counterparts – typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.

这种加密货币的设计目的是比其波动较大的加密货币拥有更稳定的价格——通常是通过与商品或货币挂钩，或者通过算法调节其供应。

Recently, it has become clear that many big tech firms and countries are boarding the stablecoin train, and are looking to bolster adoption among consumers. But which countries are leading the stablecoin race, and how have they achieved this? To find out, we reached out to industry leaders.

最近，很明显，许多大型科技公司和国家正在登上稳定币列车，并希望加强消费者的采用。但哪些国家在稳定币竞赛中处于领先地位，他们是如何实现这一目标的呢？为了找到答案，我们联系了行业领导者。

Global stablecoin competition

全球稳定币竞争

Jorge Lesmes, senior director and client partner at IT services provider NTT DATA, breaks down a number of global competitors vying to gain an advantage regarding stablecoin adoption:

IT 服务提供商 NTT DATA 的高级总监兼客户合作伙伴 Jorge Lesmes 详细分析了许多在稳定币采用方面争夺优势的全球竞争对手：

“As far as leadership in the stablecoin sector, many countries including the US, China, Switzerland, and Nigeria have been at the forefront of the currency’s regulation and adoption.

“就稳定币领域的领导地位而言，包括美国、中国、瑞士和尼日利亚在内的许多国家一直处于货币监管和采用的前沿。

“As the US already has a robust financial infrastructure in place and is established as a global tech leader, it’s in the position to facilitate the development and adoption of stablecoins, with Tether (USDT-USD), MakerDAO (DAI), and USD Coin (USDC) currently falling under its crypto umbrella.

“由于美国已经拥有强大的金融基础设施，并被确立为全球技术领导者，因此它有能力促进稳定币的开发和采用，包括 Tether (USDT-USD)、MakerDAO (DAI) 和 USD Coin （USDC）目前属于其加密货币保护伞。

“China has come out with First Digital USD (FDUSD), backed by the US. and noted as one of the world’s largest stablecoins. Switzerland is excelling in the stablecoin regulatory environment, combining tech innovation and regulatory framework to ensure stablecoins are created and adopted securely.

“在美国的支持下，中国推出了第一个数字美元（FDUSD）。并被誉为世界上最大的稳定币之一。瑞士在稳定币监管环境方面表现出色，将技术创新与监管框架相结合，确保稳定币的安全创建和采用。

“Nigeria, and a few other African countries, are seeing an increased interest in and adoption of stablecoins. Nigeria has pioneered the launch of its own CBDC, the eNaira.

“尼日利亚和其他一些非洲国家对稳定币的兴趣和采用不断增加。尼日利亚率先推出了自己的 CBDC eNaira。

“The UK isn’t far behind but, if it’s going to follow in the steps of countries who have prioritised regulation and ensured stability, it will need to continue taking steps to foster solid public trust in stablecoin. With the UK Economic Secretary announcing potential new regulation around stablecoins in coming weeks, this trust may start building sooner than later.”

“英国也不甘落后，但如果它要追随优先监管并确保稳定的国家的脚步，就需要继续采取措施，培养公众对稳定币的牢固信任。随着英国经济大臣宣布未来几周可能对稳定币实施新监管，这种信任可能迟早会开始建立。”

Taking the lead

发挥带头作用

Kate Leaman, chief market analyst at AvaTrade, also appears to agree with Lesmes, and offers her take on why the US and Switzerland specifically have positioned themselves better than most:

AvaTrade 首席市场分析师凯特·利曼 (Kate Leaman) 似乎也同意莱斯梅斯的观点，并提出了她对为什么美国和瑞士比大多数国家的定位更好的看法：

“Countries like the US and Switzerland are leading in the stablecoin space, primarily due to their advanced financial sectors and open regulatory environments that encourage innovation in digital currencies.

“美国和瑞士等国家在稳定币领域处于领先地位，这主要是由于其先进的金融部门和鼓励数字货币创新的开放监管环境。

“The US, for example, is home to some of the largest stablecoin projects, such as Tether and USD Coin, which are integrated into global cryptocurrency markets.

“例如，美国是一些最大的稳定币项目的所在地，例如 Tether 和 USD Coin，这些项目已融入全球加密货币市场。

“Switzerland is known for its crypto-friendly regulations and has become a hub for cryptocurrency and blockchain technology.

“瑞士以其对加密货币友好的法规而闻名，并已成为加密货币和区块链技术的中心。

“These countries provide a supportive ecosystem that attracts developers and companies looking to advance stablecoin technology.”

“这些国家提供了一个支持性的生态系统，吸引了寻求推进稳定币技术的开发商和公司。”

Europe vying for attention

欧洲争夺关注

For Sofian Berrahal, chief business officer at Nexpay, Europe cannot be forgotten about when it comes to stablecoins, thanks to regulatory efforts:

对于 Nexpay 首席商务官 Sofian Berrahal 来说，由于监管方面的努力，在稳定币方面不能忘记欧洲：

“Europe is the centre of attention in the stablecoin race thanks to MICA’s plans to regulate stablecoin issuers and enable hundreds of financial institutions to issue their own stablecoins.

“由于 MICA 计划监管稳定币发行人并使数百家金融机构能够发行自己的稳定币，欧洲成为稳定币竞赛的关注中心。

“Stablecoins are increasingly popular as a means of payment, which attracts more industries and increases adoption. All of this is leading us to the major innovation of the future: a total integration of traditional finance and stablecoins.”

“稳定币作为一种支付手段越来越受欢迎，它吸引了更多行业并提高了采用率。所有这一切都引导我们走向未来的重大创新：传统金融和稳定币的全面整合。”

Common traits

共同特征

All of the countries leading the way have something in common, according to Pierre Person, CEO and co-founder of stablecoin DeFi protocol Usual Labs.

稳定币 DeFi 协议 Usual Labs 的首席执行官兼联合创始人 Pierre Person 表示，所有处于领先地位的国家都有一些共同点。

“On the global stage, countries like the US, France, Singapore, the Cayman Islands, and Switzerland are at the forefront of the RWA race.

“在全球舞台上，美国、法国、新加坡、开曼群岛和瑞士等国家处于 RWA 竞赛的前列。

“These nations share a common trait: robust regulatory and legal frameworks that support the compliant issuance of on-chain assets, including bonds.

“这些国家有一个共同的特点：强大的监管和法律框架，支持链上资产（包括债券）的合规发行。

“Their progressive regulatory environments not only foster innovation but also provide a secure and legally compliant foundation for the development and expansion of stablecoin initiatives.

“他们先进的监管环境不仅促进创新，还为稳定币计划的发展和扩展提供安全且合法的基础。

“This proactive stance in regulation and legal support makes these countries pivotal players in the evolving landscape of stablecoins, setting benchmarks for others to follow.”

“这种在监管和法律支持方面的积极立场使这些国家成为稳定币不断发展的格局中的关键参与者，为其他国家树立了可效仿的基准。”

US stablecoin dominance

美国稳定币的主导地位

Ultimately, it appears the general consensus is that the US is leading the stablecoin race, as Zach Burks, CEO of Mintable, an NFT marketplace, explains how it has achieved this position.

最终，似乎普遍的共识是美国在稳定币竞赛中处于领先地位，NFT 市场 Mintable 的首席执行官 Zach Burks 解释了它是如何取得这一地位的。

“The US is the dominant stablecoin country, purely given the importance of the US dollar compared to other FIAT currencies. However

“纯粹考虑到美元相对于其他法定货币的重要性，美国是占主导地位的稳定币国家。然而