贝宝（Jose Fernandez Da Ponte）预测，银行将是Stablecoin成功的关键

在多伦多共识2025会议的未来派氛围中，贝宝（Paypal）在数字货币中的声音，何塞·费尔南德斯

Seated amidst the futuristic ambiance of Toronto’s Consensus 2025 conference, PayPal's voice in digital currencies, Jose Fernandez da Ponte, dropped an unexpected name in his formula for stablecoin success: banks. The very institutions many see as crypto's antithesis could be pivotal to lifting stablecoins from niche obscurity to mainstream prominence.

在多伦多共识2025会议的未来派氛围中，贝宝（Paypal）在数字货币中的声音，何塞·费尔南德斯·达·庞特（Jose Fernandez da Ponte）坐下来，他在他的stablecoin成功的公式中删除了一个意外的名字：银行。许多机构认为，许多机构是加密对立面可能是将稳定的稳定者从利基晦涩难懂到主流突出的关键。

Why would stablecoins, the digital marvel designed to bypass traditional finance, need banks? The answer, da Ponte asserts, lies in the robust infrastructure and reliable networks that banks possess. Their intricate webs of custody solutions and fiat on-ramps are crucial for enabling seamless value transfer and greater adoption of stablecoins.

为什么旨在绕过传统金融的数字漫威Stablecoins需要银行？达庞特（Da Ponte）断言，答案在于银行拥有的强大基础架构和可靠的网络。他们复杂的监护权解决方案和法定升级网络对于实现无缝的价值转移和更多采用稳定的人至关重要。

This isn't just speculative thought—it reflects a broader regulatory wave washing over the financial landscape. As U.S. lawmakers inch toward comprehensive stablecoin legislation, guardrails are being set to usher banks into the realm of digital assets. Such legislation can clear the fog of doubt surrounding stablecoins, according to Anthony Soohoo, the CEO of MoneyGram. Consumers and issuers alike question the reliability of these currencies without traditional oversight. Regulation, Soohoo believes, will dissolve these fears, broadening the entryway for new stablecoin issuers in a burgeoning market.

这不仅仅是投机性的思想，它反映了金融景观上更广泛的监管浪潮。随着美国立法者朝着全面的稳定立法迈进，将护栏置于将银行带入数字资产领域。 Moneygram首席执行官Anthony Soohoo表示，此类立法可以清除围绕Stablecoins的怀疑雾。消费者和发行人都质疑这些货币的可靠性，而没有传统的监督。 Soohoo认为，法规将消除这些恐惧，从而在新兴的市场中扩大了新的Stablecoin发行人的入口。

However, amidst this impending infusion of stablecoins, da Ponte tempers expectations. The future won't host hundreds of coins vying for dominance, nor will it see a mere duopoly. Instead, the landscape will evolve through a period of natural selection and consolidation.

但是，在这种即将注入稳定蛋白的过程中，达庞特脾气期望。未来不会举办数百枚争夺主导地位的硬币，也不会仅仅看到双头垄断。相反，景观将通过自然选择和巩固时期发展。

Current Market Titans and Emerging Contenders

当前的市场泰坦和新兴竞争者

Today, Tether's USDT and Circle's USDC largely overshadow the stablecoin arena, together contributing a hefty share of the $230 billion pie. In contrast, PayPal's PYUSD trails with a smaller $900 billion supply. But Fernandez da Ponte challenges the narrative that market cap is the defining metric of success. True growth, in his eyes, mirrors the bustling activity within a network—transaction velocity, active wallets, and real-world usage all paint a more comprehensive picture.

如今，Tether的USDT和Circle的USDC在很大程度上掩盖了Stablecoin Arena，共同贡献了2,300亿美元的派。相比之下，PayPal的Pyusd Trails供应量较小9000亿美元。但是费尔南德斯·达·庞特（Fernandez da Ponte）挑战了市值是成功的定义指标。在他眼中，真正的增长反映了网络中繁华的活动 - 交易速度，主动钱包和现实世界中的用法都绘制了更全面的画面。

In certain regions, where inflation looms large, stablecoins already serve as lif buoys, tethering financial stability to the dependable U.S. dollar. MoneyGram, bridging the gap between cash and crypto, empowers consumers across 200 countries to harness stablecoins for cross-border transactions—a testament to their utility in volatile economic landscapes.

在某些地区，通货膨胀笼罩着大的地区，稳定的稳定币已经充当LIF浮标，将财务稳定性归结为可靠的美元。 Moneygram，弥合现金与加密货币之间的差距，使200个国家 /地区的消费者能够利用稳定的交易，这证明了它们在波动性经济景观中的效用。

In stark juxtaposition, developed nations have shown more hesitancy. Da Ponte anticipates that with regulatory clarity, stablecoins could streamline treasury operations, eliminating the age-old rush to settle finances before the weekend—a headache turned history through instantaneous digital transactions.

在鲜明的并置，发达国家表现出更加犹豫的。达·庞特（Da Ponte）预计，符合法规的清晰度，Stablecoins可以简化财政部业务，从而消除了古老的急于在周末之前解决财务状况的急速 - 这种头痛通过瞬时的数字交易使历史转变为历史。

The Future of Stablecoins: Beyond Numbers and Buzzwords

Stablecoins的未来：超出数字和流行语

Both visionaries agree: forget the hype. Stablecoins will only thrive through concrete, problem-solving applications. Consumers prioritize solutions over buzzwords—a sentiment da Ponte encapsulates in a forward-looking assessment. Standing five years into a decade-long journey, he emphasizes the pivotal role of pending regulations in shaping the destiny of stablecoins.

两个有远见的人都同意：忘记炒作。 Stablecoins只会通过混凝土，解决问题的应用来壮成长。消费者将解决方案优先于流行语，这种情绪纳入了前瞻性评估中。在长达十年的旅程中，他强调了待定法规在塑造Stablecoins命运方面的关键作用。

The takeaway is clear: while algorithms and innovation drive the world of stablecoins, their acceptance and success could hinge on an unexpected ally—the long-trusted banks.

要点很明确：虽然算法和创新推动了Stablecoins的世界，但他们的接受和成功可能取决于意想不到的盟友 - 长期以来的经验丰富的银行。

Will Banks Pioneer the Future of Stablecoins? Surprising Insights from Industry Leaders

银行会先锋稳定的未来吗？来自行业领导者的令人惊讶的见解

Understanding the Role of Banks in Stablecoin Evolution

了解银行在Stablecoin进化中的作用

Stablecoins, designed to offer stability in the volatile crypto market by being pegged to traditional currencies like the U.S. dollar, are seemingly at odds with the conventional banking system. Yet, this apparent contradiction may be the very key to their mainstream adoption. According to Jose Fernandez da Ponte of PayPal, banks provide the robust infrastructure and reliable networks necessary for stablecoin success.

Stablecoins旨在通过挂钩像美元这样的传统货币来在挥发性加密市场中提供稳定性，似乎与传统的银行系统不符。但是，这种明显的矛盾可能是他们主流采用的关键。根据PayPal的Jose Fernandez Da Ponte的说法，银行提供了坚固的基础设施和可靠的网络，这是成功的成功。

Why Banks Are Essential for Stablecoins

为什么银行对于稳定币至关重要

1. Custody Solutions: Banks have experience and infrastructure for secure storage and custody services, ensuring that digital assets, including stablecoins, are safely managed. 2. Fiat On-Ramps: Banks offer seamless fiat on-ramps, allowing easy conversion between cryptocurrencies and traditional currencies, which is essential for user adoption. 3. Regulation and Trust: Banks bring regulatory oversight which can increase consumer trust in stablecoins, addressing concerns over their reliability.

1。保管解决方案：银行拥有安全存储和监护服务的经验和基础设施，以确保安全管理在内的数字资产。 2。菲亚特（Fiat fiat）坡道：银行提供无缝的命令式坡道，可以轻松地在加密货币和传统货币之间进行转换，这对于用户采用至关重要。 3.法规和信任：银行带来监管监督，可以增加消费者对Stablecoins的信任，从而解决对其可靠性的担忧。

The push towards comprehensive stablecoin legislation in the U.S. aims to integrate banks more closely into the digital asset landscape. This legislation can demystify the stablecoin market, as highlighted by Anthony Soohoo, CEO of MoneyGram, offering clear rules and protections for both issuers and users.

迈向美国全面的稳定立法，旨在将银行更加紧密地整合到数字资产格局中。正如Moneygram首席执行官Anthony Soohoo强调的那样，这项立法可以使STABLECOIN市场神秘化，为发行人和用户提供了明确的规则和保护。

Impact on Issuers: Emerging stablecoin issuers would find it easier to enter the market with a clear regulatory framework, potentially leading to increased competition and innovation. Consumer Trust: Regulation could enhance consumer confidence, a crucial factor for the widespread acceptance and use of stablecoins.

对发行人的影响：新兴的Stablecoin发行人会发现，通过明确的监管框架进入市场将更容易，有可能导致竞争和创新增加。消费者信任：法规可以增强消费者的信心，这是稳定接受和使用Stablecoins的关键因素。

Current Market Leaders and Future Trends

当前的市场领导者和未来趋势

Tether's USDT and Circle's USDC currently dominate the stablecoin space, together holding a significant share of the $230 billion stablecoin market. In contrast, PayPal's PYUSD has a smaller presence with a $90

Tether的USDT和Circle的USDC目前在Stablecoin空间中占据主导地位，共同在2300亿美元的Stablecoin市场中占有很大份额。相比之下，贝宝（Paypal）的pyusd的存在较小，$ 90