以太坊，USDT和领导链：有什么交易？

以太坊在机构采用的推动下恢复了其USDT的主导地位，而Tether Mint则更多的USDT来满足需求不断上升的需求。 ETH是Stablecoins的领先链吗？

Ethereum, USDT, and the Leading Chain: What's the Deal?

以太坊，USDT和领导链：有什么交易？

Ethereum is back on top as the primary blockchain for USDT deployment, surpassing Tron. Fuelled by institutional adoption and increasing demand, what does this mean for the future of stablecoins and the leading chain?

以太坊重新成为USDT部署的主要区块链，超过了Tron。在机构采用和增加需求的推动下，这对Stablecoins和领先链的未来意味着什么？

Ethereum Reclaims USDT Dominance

以太坊恢复了USDT的主导地位

Since May, the USDT supply on the Ethereum blockchain has surged by approximately $17 billion, reaching a whopping $77 billion. This impressive growth marks a significant shift, reversing Tron's temporary lead earlier in the year. While Tron still holds a substantial $76.23 billion, Ethereum's resurgence highlights its growing importance in the stablecoin ecosystem.

自5月以来，以太坊区块链上的USDT供应增长了约170亿美元，达到了770亿美元。这种令人印象深刻的增长标志着重大的转变，扭转了特隆在今年早些时候的临时领导。尽管特隆仍然拥有762.3亿美元的巨额资金，但以太坊的复兴强调了其在Stablecoin生态系统中的重要性。

Institutional Adoption Fuels ETH's Rise

机构采用促进ETH的兴起

While retail traders often prefer Tron for its lower fees, Ethereum's institutional-grade infrastructure, deep liquidity, and extensive DeFi ecosystem are attracting major players. The integration of stablecoins like PayPal's PYUSD into Ethereum, which currently boasts $1.75 billion in supply, further solidifies ETH's position as the preferred network for institutional stablecoin flows.

尽管零售商人通常更喜欢Tron的较低费用，但以太坊的机构基础设施，深厚的流动性和广泛的Defi生态系统吸引了主要参与者。当前拥有17.5亿美元供应的贝帕尔（Paypal）pyusd等稳定币将其集成到以太坊中，进一步巩固了ETH作为机构Stablecoin流的首选网络的地位。

Tether's USDT Mint Signals Growing Demand

Tether的USDT Mint信号不断增长

Tether recently minted another $1 billion in USDT on the Ethereum blockchain, a move that underscores the increasing demand for stablecoin liquidity in crypto markets. This action aims to support increased trading and DeFi activity, reinforcing USDT's role as a core component of crypto capital flows.

Tether最近在Ethereum区块链上造成了额外的10亿美元，这一举动强调了加密货币市场对Stablecoin流动性的需求不断增长。该行动旨在支持增加的贸易和挑战活动，从而增强了USDT作为加密资本流量的核心组成部分的作用。

Is Ethereum the Undisputed Leader?

以太坊是无可争议的领导者吗？

Ethereum's dominance in USDT deployment, coupled with its robust infrastructure and growing institutional adoption, suggests it is becoming the leading chain for stablecoins. The network's ability to handle large volumes and provide a secure environment positions it as the primary settlement layer for institutional financial applications. While other chains like Tron, BSC, and Solana play a role, Ethereum's current trajectory points towards continued leadership.

以太坊在USDT部署中的主导地位，再加上其强大的基础设施和日益增长的机构采用，这表明它正在成为Stablecoins的领先链。该网络处理大量批量并提供安全环境的能力将其定位为机构财务应用的主要结算层。尽管其他连锁店（例如Tron，BSC和Solana）发挥了作用，但以太坊目前的轨迹指向持续领导。

The GENIUS Act and Stablecoin Competition

《天才法》和Stablecoin竞赛

The U.S. regulatory framework, particularly the GENIUS Act, is shaping the stablecoin landscape. This act sets comprehensive standards for stablecoins, emphasizing transparency and reserve disclosure. While Circle's USDC is already largely compliant, Tether is also adapting, launching USAT for the U.S. market while continuing to issue USDT globally. This regulatory push is fostering healthy competition and innovation within the stablecoin space.

美国监管框架，尤其是《天才法》，正在塑造稳定的景观。该法案为稳定币设定了全面的标准，强调透明度和储备披露。虽然Circle的USDC已经在很大程度上合规，但Tether也在适应，为美国市场推出了USAT，同时继续在全球发行USDT。这种监管推动力是在Stablecoin领域促进健康的竞争和创新。

Final Thoughts

最后的想法

So, Ethereum's back in the USDT driver's seat, and Tether's printing money (well, USDT) like it's going out of style. Will ETH maintain its lead? Only time will tell, but one thing's for sure: the stablecoin game is getting more interesting by the day. Buckle up, folks!

因此，以太坊回到了USDT驾驶员的座位上，而Tether的印刷资金（好，USDT）就像过时的时尚一样。 ETH会保持领先地位吗？只有时间会说明，但是可以肯定的是：Stablecoin游戏每天都变得越来越有趣。搭扣，伙计们！