PayPal高级副总裁Jose Fernandez da Ponte说，将银行纳入Stablecoin业务很重要

贝宝（Paypal）数字货币高级副总裁何塞·费尔南德斯（Jose Fernandez da Ponte）在多伦多的2025年共识会议上发表讲话说，将银行纳入Stablecoin业务很重要

PayPal Senior Vice President of Digital Currencies Jose Fernandez da Ponte said at the Consensus 2025 conference in Toronto that incorporating banks into the stablecoin business is important and that without doing so, the full potential of these coins cannot be unlocked.

贝宝（PayPal）数字货币高级副总裁何塞·费尔南德斯·达·庞特（Jose Fernandez Da Ponte）在多伦多的2025年共识会议上说，将银行纳入Stablecoin业务很重要，而且如果不这样做，这些硬币的全部潜力就无法解锁。

Stablecoins, digital currencies that track traditional assets like the US dollar, have taken on new prominence as a way to move money between the volatile, programmatic world of cryptocurrencies and the more predictable, government-controlled realm of the traditional financial system. But they have been hamstrung by regulatory grey areas and worries about financial stability.

稳定的数字货币是跟踪诸如美元的传统资产的数字货币，它具有新的知名度，是一种在挥发性，加密货币的挥发性，程序化世界和传统金融体系中更可预测的，更可预测的政府控制领域之间转移金钱的一种方式。但是，他们因监管灰色地区而陷入困境，并担心财务稳定性。

PayPal’s own stablecoin, PYUSD, launched in August 2023, is fully backed by US dollar deposits and short-term US treasuries, allowing for 1:1 redemption. Despite its potential, PYUSD’s adoption has been modest, with a market capitalization of approximately $872 million, compared to the stablecoin market’s total exceeding $238 billion.

PayPal自己的Stablecoin Pyusd于2023年8月推出，得到了美元存款和短期美国国债的全部支持，允许1：1赎回。尽管具有潜力，但Pyusd的采用措施仍然适中，市值约为8.72亿美元，而Stablecoin市场的总价值超过2380亿美元。

Fernandez’s comments come as lawmakers are close to passing stablecoin legislation that could transform the market and open it up to banks. The US also seeks to update rules around digital assets.

费尔南德斯（Fernandez）的评论是因为立法者接近通过Stablecoin立法，该立法可以改变市场并将其开放给银行。美国还试图更新有关数字资产的规则。

Fernandez da Ponte draws attention to the need for clear regulation in the crypto industry

费尔南德斯·达·庞特（Fernandez da Ponte）提请人们注意加密行业的明确法规

Fernandez da Ponte claims that although it may seem counterintuitive if stablecoins are to grow outside of crypto-native circles, the banks in this market will be essential because their infrastructure, from custody to providing fiat rails, will be crucial. Both the fabric and the connectivity must function.

费尔南德斯·达·庞特（Fernandez da Ponte）声称，尽管如果要在加密本地圈子之外增长，但这个市场上的银行将是必不可少的，因为它们的基础设施，从托管到提供菲亚特铁路将是至关重要的，但似乎是违反直觉的。面料和连接性都必须起作用。

One other famous name that weighed in on the topic of conversation, Anthony Soohoo, chairman and CEO of MoneyGram, a cross-border money transfer service, claimed that this was a big breakthrough. Based on his argument, “There’s always hesitation: Can I trust this? [The stablecoin legislation] will answer many of those questions.”

另一个著名的名字在谈话的话题上，跨境货币转移服务Moneygram董事长兼首席执行官Anthony Soohoo声称这是一个很大的突破。基于他的论点：“总是犹豫：我可以相信这一点吗？[Stablecoin立法]会回答许多问题。”

Once there are clear regulations, both executives said, they expect consolidation after a wave of new issuers floods the industry. Fernandez da Ponte said there wouldn’t be just two stablecoins, or even 300, but more than that.

两位高管都说，一旦有明确的法规，他们预计在一波新发行人淹没了该行业后的合并。费尔南德斯·达·庞特（Fernandez da Ponte）说，不仅有两个稳定币，甚至不仅仅是300人，但不仅仅是。

The stablecoin market is, at present, mostly run by Tether and Circle’s Stablecoins, commanding almost 90 of the $230 billion asset class. However, at a supply of $900 million, PYUSD is far behind.

目前，Stablecoin市场主要由Tether和Circle的Stablecoins经营，在2,300亿美元的资产类别中，有近90个。但是，Pyusd的供应量为9亿美元，远远落后。

Fernandez said market capitalization should not be the basis for measuring success. He said one should focus on velocity, active wallets, and the total number of transactions, emphasizing that drives actual use.

费尔南德斯说，市值不应该是衡量成功的基础。他说，应该专注于速度，主动钱包和交易总数，强调推动实际使用的速度。

In the meantime, customers have been hunting for stablecoins backed by dollars that they can use for international payments and as stores of value in nations with high inflation and volatile currencies. MoneyGram, which has nearly a million cash-access locations in over 200 countries, helps enable that access, Soohoo says.

同时，客户一直在寻找以美元用于国际支付的美元支持的稳定币，并作为高通货膨胀和波动性货币的国家的价值存储。 Soohoo说，Moneygram在200多个国家 /地区拥有近100万个现金访问地点，这有助于实现这些访问。

According to reports, developed countries have been slower in embracing stablecoins. With adequate clear regulation, stablecoins can streamline cross-border disbursements and corporate treasury activities, Fernandez da Ponte said.

据报道，发达国家拥抱稳定的国家的速度较慢。 Fernandez da Ponte说，有了足够明确的法规，Stablecoins可以简化跨境支出和公司财政部活动。