近年来，稳定市场的令人印象深刻的增长

近年来，稳定币市场的令人印象深刻的增长与以太坊（以太坊（Ethereum）是占主导地位的区块链平台。

The impressive growth of the stablecoin market in recent years is inextricably linked to Ethereum, the blockchain platform that dominates this sector. Starting from a practically insignificant market value of 124,500 dollars in January 2018, the total capitalization of stablecoins on Ethereum exceeded 124.5 billion dollars by May 2025. This titanic growth underscores how Ethereum continues to be the predominant choice for stablecoin projects.

近年来，稳定币市场的令人印象深刻的增长与以太坊（以太坊（Ethereum）是占主导地位的区块链平台。从2018年1月的实际市场价值实际上微不足道的市场价值开始，到2025年5月，在以太坊上的稳定币的总资本超过了1.245亿美元。这种泰坦尼克号的增长强调了以太坊如何继续是Stablecoin项目的主要选择。

Despite the price of ETH, the native cryptocurrency of Ethereum, having fluctuated in recent months, dropping from over 2,500 dollars to about 1,900 dollars at the time of analysis, the network shows robust signs of expansion in the stablecoin sector. The total stablecoins in circulation on the network have reached a record of 132.4 billion dollars, highlighting not only quantitative growth but also a strengthening of Ethereum’s on-chain foundations.

尽管ETH的价格为ETH，但最近几个月波动的以太坊的本地加密货币在分析时从2500美元下降到约1,900美元，但该网络显示出Statablecoin行业扩张的强大迹象。该网络流通的总稳定剂达到了1324亿美元的创纪录，不仅强调了定量增长，而且增强以太坊的链链基础。

Among the stablecoins circulating on the Ethereum network, Tether (USDT) stands out for its dominant position, representing about 52% of the market share with a capitalization of 64.7 billion dollars. Closely following is USD Coin (USDC), with a market value around 37 billion dollars. Alongside these big names, new players are emerging such as Ethena’s USDe (4.5 billion), Sky Dollar’s USDs (3.8 billion) and MakerDAO’s DAI (3.6 billion). These latter ones highlight the vitality and diversification of the Ethereum ecosystem.

在以太坊网络上流通的稳定币中，Tether（USDT）以其主导地位脱颖而出，约占市场份额的52％，资本化647亿美元。紧随其后的是美元硬币（USDC），市场价值约为370亿美元。除了这些知名人士之外，新玩家正在出现，例如Ethena的USDE（45亿），Sky Dollar的USDS（38亿）和Makerdao的Dai（36亿）。这些后者突出了以太坊生态系统的活力和多样性。

Furthermore, the entry of new institutional players such as BlackRock with BUIDL and PayPal with the stablecoin PYUSD, indicates a growing interest from large traditional companies towards this emerging technology. This dynamic helps to strengthen Ethereum’s position as a reference infrastructure for decentralized digital finance.

此外，新机构参与者的进入，例如与Buidl和Paypal一起使用Stablecoin Pyusd，这表明大型传统公司对这项新兴技术的兴趣日益增长。这种动态有助于增强以太坊作为分散数字融资的参考基础架构的地位。

The expansion of stablecoins is not limited to Ethereum, but rather reflects a global trend that sees this segment of digital currencies rapidly approaching a total capitalization of 240 billion dollars. In just the last weeks of April 2025, the market added over 5 billion dollars, a clear signal of strong demand and capital inflow.

稳定币的扩张不仅限于以太坊，而是反映了一种全球趋势，即这一部分数字货币迅速接近2400亿美元的总资本化。在2025年4月的最后几周，市场增加了超过50亿美元，这是需求强劲和资本流入的明显信号。

According to the forecasts developed by Citi, the stablecoin market could exceed 2 trillion dollars by 2030, with a maximum estimate reaching up to 3.7 trillion. These figures illustrate the profound impact that stable currencies are having on the evolution of digital financial systems.

根据花旗的预测，到2030年，稳定的市场可能会超过2万亿美元，最高估算值达到3.7万亿美元。这些数字说明了稳定货币对数字金融系统发展的深远影响。

This trend represents not only a potential revolution in the way transactions are conducted and savings are stored, but also a crucial step towards the mass adoption of digital assets easily convertible into fiat currency, thanks to the stability anchored to traditional currencies.

这种趋势不仅代表了进行交易的潜在革命并存储了储蓄，而且还迈出了至关重要的一步，迈出了易于转换为法定货币的数字资产，这要归功于传统货币的稳定性。

One of the most significant dynamics supporting the growth of stablecoins is the entry of large payment companies into the market. Mastercard has positioned itself as a key player in this scenario, launching an initiative aimed at allowing as many as 150 million merchants worldwide to accept payments in digital dollars.

支持Stablecoins增长的最重要的动态之一是大型支付公司进入市场。在这种情况下，万事达卡已将自己定位为关键参与者，启动了一项旨在允许全球多达1.5亿个商人以数字美元付款的计划。

This project has been made possible through strategic collaborations with entities like Nuvei, Circle, and Paxos. Thanks to these partnerships, Mastercard has built a solid infrastructure to support on-chain transactions, real-time remittances, and integration of digital wallets. Furthermore, it has paved the way for the issuance of cards directly linked to stablecoins, thus increasing the convenience and accessibility of these currencies.

通过与Nuvei，Circle和Paxos等实体的战略合作，该项目成为可能。由于这些合作伙伴关系，万事达卡建立了坚实的基础架构，以支持链交易，实时汇款和数字钱包的集成。此外，它为发行直接与稳定币相关的卡铺平了道路，从而增加了这些货币的便利性和可访问性。

Not only Mastercard: other leading companies in digital payments, such as Stripe, have also started to invest in the stablecoin ecosystem. This increase in interest from financial giants further contributes to consolidating Ethereum as the central platform on which the digital payments economy is based.

不仅万事达卡：其他数字付款领域的领先公司，例如Stripe，也开始投资于Stablecoin生态系统。金融巨头的利息增加进一步有助于巩固以太坊作为数字支付经济所基于的中心平台。

As a result, Ethereum is emerging as the technological pillar of future digital finance, not only for its decentralized infrastructure but also for the ability to handle large volumes of transactions securely and transparently.

结果，以太坊正在成为未来数字融资的技术支柱，不仅是因为其分散基础设施，而且还可以安全地处理大量交易。

Ethereum is therefore confirmed as the driving force behind the growth of the stablecoin economy. Despite the fluctuations in the price of ETH, the network shows increasing solidity, favored by the possibility of creating and managing stable, reliable, and regulated digital currencies.

因此，以太坊被确认为Stablecoin经济增长的驱动力。尽管ETH的价格发生了波动，但该网络表现出越来越多的坚固性，这受到创造和管理稳定，可靠和受监管的数字货币的可能性的青睐。

The expansion of the stablecoin market, the participation of large financial institutions, and the roadmap of technological innovation suggest that Ethereum is destined to remain the nerve center of decentralized finance for at least the next decade.

Stablecoin市场的扩展，大型金融机构的参与以及技术创新的路线图表明，至少在未来十年中，以太坊注定要保持分散财务的神经中心。

Prospects and future opportunities

前景和未来机会

The advancement of the Ethereum-based stablecoin ecosystem offers multiple opportunities: from the simplification of international transactions to the improvement of access to financial services. However, to consolidate this growth, it will be essential to monitor regulatory development and support adoption by the general public.

基于以太坊的Stablecoin生态系统的发展提供了多种机会：从简化国际交易到改善获得金融服务。但是，为了巩固这一增长，必须监测普通大众的监管发展和支持采用。

In this context, investors, companies, and developers are invited to closely follow the developments of Ethereum and stablecoins, to capitalize on a market destined to profoundly revolutionize the global economic landscape.

在这种情况下，邀请投资者，公司和开发商密切关注以太坊和Stablecoins的发展，以利用一定要深刻彻底改变全球经济景观的市场。

In conclusion, Ethereum is not just a blockchain platform: it is the dynamic hub on which the future of stable digital currencies is built, with an impact destined to exceed every expectation in the coming years.

总之，以太坊不仅是一个区块链平台：它是建立稳定数字货币未来的动态枢纽，其影响注定要超过未来几年的所有期望。