加密的演变：ETF，稳定币和主流接管

探索加密货币的最新趋势：ETF扩展，稳定的采用和监管转变。加密终于终于成为主流吗？

Crypto's Evolution: ETFs, Stablecoins, and the Mainstream Takeover

加密的演变：ETF，稳定币和主流接管

The world of crypto is rapidly evolving, with ETFs, stablecoins, and regulatory changes paving the way for mainstream adoption. It's like crypto is finally dressing up and joining the grown-up financial world! Let's dive into the exciting developments.

加密货币世界正在迅速发展，ETF，稳定菌和监管变化为主流采用铺平了道路。就像加密货币终于打扮并加入了成年的金融界！让我们深入了解令人兴奋的发展。

ETFs: Crypto's Ticket to Wall Street

ETF：加密货币的票

Remember when buying crypto felt like navigating a secret underground club? Those days are fading fast. The SEC is working with exchanges to create generic listing standards for crypto ETFs, mirroring those for gold and oil. As Canary Capital CEO Stephen McClurg points out, everyday investors can soon access crypto through their brokerage accounts. No more confusing wallets or obscure exchanges—it's about to be as easy as buying SPY. Talk about convenience!

还记得购买加密货币时感觉像是在秘密地下俱乐部导航吗？那些日子正在快速消失。 SEC正在使用交流，以创建加密ETF的通用清单标准，以黄金和石油为代表。正如Canary Capital首席执行官Stephen McClurg指出的那样，日常投资者可以很快通过其经纪帐户访问加密货币。没有更多令人困惑的钱包或晦涩的交流 - 它将像购买间谍一样容易。谈论便利！

Bitcoin: Still a Rocket Ship?

比特币：仍然是火箭船吗？

Bitcoin's performance is nothing short of impressive, with over 150% gains in the past year. McClurg notes that while it moves with equities, its higher beta means outsized returns. Bitcoin is behaving more like a turbocharged risk asset, delivering bigger swings. So, buckle up!

比特币的表现令人印象深刻，过去一年的增长超过150％。 McClurg指出，尽管它随股票而移动，但其较高的beta意味着巨大的回报。比特币的行为更像是涡轮增压风险资产，可以提供更大的波动。所以，搭扣！

Stablecoins: The New Money Market Funds?

Stablecoins：新的货币市场资金？

Stablecoins are quietly morphing into the digital equivalent of money market funds. McClurg compares them to Venmo, where dollars are used to purchase short-term treasuries. However, he cautions that not all stablecoins are created equal. Safe options like Tether and Circle’s USDC are backed by “plain vanilla” Treasuries, while riskier ones can hold volatile assets. The key takeaway? Do your homework before chasing yield!

Stablecoins悄悄地变成了货币市场基金的数字等效。 McClurg将它们与Venmo进行了比较，该美元用于购买短期国库。但是，他警告说，并非所有的稳定剂都是平等的。诸如Tether和Circle的USDC之类的安全选择都以“普通香草”国库为后盾，而风险更高的国库可以容纳挥发性资产。关键要点？追逐收益率之前做功课！

Visa's Bold Move: Embracing Stablecoins

签证的大胆举动：拥抱稳定的

Visa is making significant strides in the stablecoin arena, expanding its settlement platform to include Global Dollar (USDG), PayPal USD (PYUSD), and the euro-backed EURC stablecoin. They're also supporting multiple blockchains like Stellar and Avalanche, in addition to Ethereum and Solana. This move highlights Visa’s commitment to building a multi-coin and multi-chain foundation to meet the evolving needs of its global partners.

Visa在Stablecoin Arena中取得了长足的进步，将其和解平台扩展到包括全球美元（USDG），PayPal USD（PYUSD）和EURO BASDEUR EURC Stablecoin。除了以太坊和Solana外，他们还支持多个区块链，例如Stellar和Avalanche。此举强调了Visa致力于建立多卷和多链基础，以满足其全球合作伙伴不断发展的需求。

The Regulatory Landscape: Navigating the Future

监管格局：导航未来

The GENIUS Act, signed into law this summer, lays down the first U.S. federal framework for digital assets, especially stablecoins. While the risk of a digital replay of 2008’s money market meltdown exists, regulation is key. U.S.-regulated stablecoins now have guardrails, while offshore tokens remain a potential minefield. Japan is also evolving its regulatory framework, potentially accelerating the launch of new crypto products and investments.

今年夏天签署法律的《天才法》奠定了美国第一个用于数字资产的联邦联邦框架，尤其是Stablecoins。尽管存在2008年货币市场崩溃的数字重播风险，但监管是关键。现在，受美国监管的稳定币具有护栏，而离岸令牌仍然是潜在的雷区。日本还在不断发展其监管框架，有可能加速新的加密产品和投资的推出。

Ripple's XRP and the ETF Hype

Ripple的XRP和ETF炒作

SBI Holdings is pushing for the launch of XRP-linked crypto ETFs in Japan, potentially listing them on the Tokyo Stock Exchange. These ETFs could offer both institutional and retail investors access to regulated crypto investment products. SBI is also integrating Ripple’s USD-backed stablecoin, RLUSD, on its platform, SBI VC Trade. This growing partnership aims to broaden the use of XRP for cross-border payments and stablecoin adoption.

SBI Holdings正在推动在日本推出XRP链接的加密ETF，并有可能将其列入东京证券交易所。这些ETF可以为机构和零售投资者提供对受监管的加密投资产品的访问权限。 SBI还将Ripple的USD支持的Stablecoin Rlusd集成到其平台SBI VC Trade。这种日益增长的伙伴关系旨在扩大XRP用于跨境支付和采用Stablecoin的使用。

The Bottom Line

底线

Crypto is no longer a fringe experiment; it’s entering the mainstream. With ETFs simplifying access, stablecoins offering new avenues for yield, and regulatory frameworks providing clarity, the stage is set for broader adoption. As McClurg puts it, everyday investors are about to step into the crypto fast lane—whether they know it or not.

加密不再是一个边缘实验。它进入主流。通过简化访问权限的ETF，Stablecoins提供了新的产量途径，并提供了清晰的监管框架，该阶段旨在更广泛的采用。正如麦克卢格（McClurg）所说的那样，每天的投资者都将进入加密货币快车道 - 无论他们知道与否。

So, what’s next? Keep an eye on regulatory developments, do your research on stablecoins, and maybe, just maybe, consider adding a little crypto to your portfolio. After all, who wants to be left behind when the rocket ship takes off?

那么，下一步是什么？请密切关注监管发展，对Stablecoins进行研究，也许，也许考虑在您的投资组合中增加一些加密货币。毕竟，当火箭船起飞时，谁想被抛在后面？