私人信贷市场帕累托推出了一种新的合成美元，旨在将机构投资者与分散的财务（DEFI）机会联系起来，这一举动突出了Stablecoins在全球金融中的不断扩展的作用。

私人信贷市场帕累托（Pareto）推出了一种新的合成美元，旨在将机构投资者与分散融资（DEFI）机会联系起来，此举突出了Stablecoins在全球金融中的不断扩展的作用。

Private credit marketplace Pareto has launched a synthetic dollar designed to link institutional investors with decentralized finance (DeFi) opportunities, highlighting the expanding role of stablecoins in global finance.

私人信贷市场帕累托（Pareto）推出了一项合成美元，旨在将机构投资者与分散融资（DEFI）的机会联系起来，突出了Stablecoins在全球金融中的不断扩展的作用。

The newly launched USP synthetic dollar is fully backed by real-world private credit, Pareto told Cointelegraph on Monday. To mint USP, users must deposit stablecoins such as USDC USDCUSD and USDt USDTUSD, which are then held as collateral.

帕累托在周一告诉Cointelegraph，新推出的USP合成美元得到了现实世界中的私人信贷的全部支持。对于Mint USP，用户必须存入诸如USDC USDCUSD和USDT USDTUSD之类的Stablecoins，然后将其保存为抵押品。

“USP is backed 1:1 by the stablecoins used during the minting process,” Pareto co-founder Matteo Pandolfi said in a written statement.

帕累托联合创始人Matteo Pandolfi在书面声明中说：“ USP由铸造过程中使用的Stablecoins支持1：1。”

The deposited funds are placed into Pareto’s credit vaults and lent to what the company describes as “vetted institutional borrowers,” generating yields for participants.

存款资金被放入帕累托的信贷保险库中，并借给公司所说的“审查机构借款人”，为参与者带来了收益率。

To maintain its peg to the US dollar, Pareto uses what it calls a “native backing” process. Each USP token is minted only when an equivalent amount of USDC or USDT is deposited, ensuring full collateralization when the token is created. An arbitrage mechanism also supports the dollar peg’s ongoing stability.

为了保持其钉在美元上，Pareto使用所谓的“本机支持”过程。仅当存放等效量的USDC或USDT时，每个USP令牌才会铸造，从而确保创建令牌时完全抵押。套利机制还支持美元钉的持续稳定性。

In addition, Pareto has set up a protocol-funded stability reserve to act as a buffer in case of borrower defaults.

此外，帕累托（Pareto）设立了一个协议资助的稳定储备，以便在借款人默认情况下充当缓冲区。

The company said the synthetic dollar gives institutional investors a regulated onchain entry point into real-world asset (RWA) credit markets — a segment of the tokenization industry that has expanded rapidly over the past year.

该公司表示，合成美元为机构投资者提供了对现实世界中资产（RWA）信贷市场的受监管的Onchain入口点，这是代币化行业的一部分，在过去一年中迅速扩大。

Recent examples of private credit tokenization include Tradable’s portfolio of 30 credit positions and Apollo’s Diversified Credit Securitize Fund.

私人信贷令牌化的最新示例包括可交易的30个信贷职位的投资组合以及阿波罗的多元化信用证券化基金。

When asked about the potential risks of connecting DeFi to the often opaque private credit sector, Pareto acknowledged the concern but emphasized its approach to risk management.

当被问及将DEFI连接到经常不透明的私人信贷部门的潜在风险时，帕累托承认了这一关注点，但强调了其风险管理方法。

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