稳定币的繁荣预示着加密货币的大规模采用

稳定币市场正在蓬勃发展，2024 年持有地址数量将增长 15%，达到超过 9360 万。 Tether (USDT) 以 1,140 亿美元的市值主导市场，而在交易所上市的 35 种稳定币总市值达 1,570 亿美元。上个月活跃稳定币地址超过 2600 万，其中 77% 在 TRON 和币安智能链上。稳定币作为支付方式和价值存储在高通胀国家越来越受欢迎，而且监管也变得更加明确，美国提出了一项将非银行机构发行量限制在 100 亿美元的法案。

Stablecoin Market Soars, Hinting at Broader Crypto Adoption

稳定币市场飙升，暗示加密货币将得到更广泛的采用

The stablecoin market is experiencing a meteoric rise in activities, signaling a potential surge in the adoption of cryptocurrencies across the globe. According to a recent report by rwa.xyz, the number of addresses holding dollar and crypto-backed stablecoins has surged by 15% in 2024, reaching an unprecedented high of over 93.6 million. This indicates a burgeoning interest in stablecoins as a store of value and a medium of exchange.

稳定币市场的活动正在急剧增加，这表明全球范围内加密货币的采用可能会激增。根据 rwa.xyz 最近的一份报告，持有美元和加密货币支持的稳定币的地址数量在 2024 年激增了 15%，达到前所未有的高点，超过 9360 万个。这表明人们对稳定币作为价值储存手段和交换媒介的兴趣日益浓厚。

The market is dominated by Tether's USDT, which boasts a market capitalization of $114.07 billion, accounting for over 80% of all stablecoin addresses. USDC and BUSD rank second and third, respectively, highlighting the dominance of dollar-pegged stablecoins.

该市场由 Tether 的 USDT 主导，其市值为 1140.7 亿美元，占所有稳定币地址的 80% 以上。 USDC 和 BUSD 分别排名第二和第三，凸显了与美元挂钩的稳定币的主导地位。

Unwavering Growth Amidst Market Fluctuations

市场波动中坚定不移的增长

Remarkably, the number of stablecoin addresses has continued to increase even during the recent crypto bear market. This trend can be attributed to the Federal Reserve's rapid interest rate hikes, which has fueled investor interest in US dollar derivatives, including dollar-pegged crypto assets.

值得注意的是，即使在最近的加密货币熊市期间，稳定币地址的数量仍在持续增加。这一趋势可归因于美联储的快速加息，这激发了投资者对美元衍生品（包括与美元挂钩的加密资产）的兴趣。

Beyond holding addresses, the number of addresses actively transferring stablecoins has also been steadily increasing. According to the data, these active stablecoin addresses surpassed 26 million for the first time last month, indicating a surge in the use of stablecoins for payments and transactions.

除了持有地址之外，主动转移稳定币的地址数量也在稳步增加。数据显示，上个月这些活跃稳定币地址首次突破 2600 万，表明稳定币用于支付和交易的使用量激增。

A closer examination of the data reveals that nearly 20 million, or 77%, of these addresses are on TRON and Binance Smart Chain (BSC), indicating the highest retail investor engagement. Despite their dominance in active address counts, TRON and BSC account for a smaller fraction of dollar volumes, as highlighted in the latest edition of the crypto analytics newsletter - OurNetwork.

对数据的仔细检查显示，这些地址中有近 2000 万个（即 77％）位于 TRON 和币安智能链（BSC）上，这表明散户投资者的参与度最高。尽管 TRON 和 BSC 在活跃地址数量方面占据主导地位，但它们在美元交易量中所占的比例较小，正如最新一期的加密分析时事通讯 - OurNetwork 所强调的那样。

The report emphasizes the popularity of stablecoins among individual address holders. However, Ethereum and its competitor Solana control a sizable portion of the transfer volume thanks to their broader ecosystems.

该报告强调了稳定币在个人地址持有者中的受欢迎程度。然而，以太坊及其竞争对手 Solana 凭借其更广泛的生态系统控制了相当大一部分的传输量。

Real-World Applications of Stablecoins

稳定币的实际应用

In countries with high inflation rates like Zimbabwe and Nigeria, stablecoins have gained traction as alternative payment methods, remittance tools, and value storage assets. In more advanced economies, stablecoins are primarily used to facilitate cryptocurrency purchases.

在津巴布韦和尼日利亚等通货膨胀率较高的国家，稳定币作为替代支付方式、汇款工具和价值存储资产受到了广泛关注。在更发达的经济体中，稳定币主要用于促进加密货币购买。

It is no wonder that Tether LTD, the issuer of USDT, recently partnered with Telegram Open Network (TON) to issue $60 million USDT on the TON blockchain, further expanding the reach and accessibility of stablecoins.

难怪 USDT 的发行方 Tether LTD 最近与 Telegram Open Network (TON) 合作，在 TON 区块链上发行了 6000 万美元的 USDT，进一步扩大了稳定币的覆盖范围和可及性。

Regulatory Clarity on the Horizon

监管清晰即将到来

Meanwhile, a report by S&P indicates that banks are more likely to embrace stablecoins as regulations become clearer. The momentum for regulatory clarity was boosted last week when US Senators Cynthia Lummis and Kirsten Gillibrand introduced a comprehensive 179-page bill to regulate stablecoins.

与此同时，标准普尔的一份报告表明，随着监管变得更加明确，银行更有可能接受稳定币。上周，美国参议员辛西娅·鲁米斯 (Cynthia Lummis) 和克尔斯滕·吉利布兰德 (Kirsten Gillibrand) 提出了一项长达 179 页的全面法案来监管稳定币，这增强了监管明确性的势头。

One key aspect of the proposed rules is a cap on non-banking institutions, limiting their stablecoin issuance to a maximum of $10 billion. S&P also stated that USDT issued by a non-US entity would not be recognized as a permitted payment stablecoin under the proposed legislation.

拟议规则的一个关键方面是对非银行机构的上限，将其稳定币发行上限限制在 100 亿美元。标准普尔还表示，根据拟议的立法，非美国实体发行的 USDT 不会被视为允许的支付稳定币。

The proposed regulations aim to provide a clear framework for the issuance and use of stablecoins, which could pave the way for broader adoption by financial institutions and mainstream investors.

拟议的法规旨在为稳定币的发行和使用提供明确的框架，这可能为金融机构和主流投资者更广泛采用铺平道路。

Implications for the Crypto Ecosystem

对加密生态系统的影响

The rise of the stablecoin market is a testament to the growing utility and acceptance of cryptocurrencies. Stablecoins offer a bridge between the traditional financial system and the volatile crypto market, providing stability and ease of use without sacrificing the benefits of digital assets.

稳定币市场的崛起证明了加密货币的实用性和接受度不断提高。稳定币在传统金融体系和波动的加密货币市场之间架起了一座桥梁，在不牺牲数字资产优势的情况下提供稳定性和易用性。

As regulatory clarity emerges and stablecoins gain wider acceptance, we can expect to see a surge in the adoption of cryptocurrencies across a wider range of applications, from everyday payments to global remittances and beyond. The stablecoin market is poised to play a pivotal role in driving the broader crypto ecosystem toward mainstream adoption.

随着监管的明确化和稳定币获得更广泛的接受，我们预计加密货币在更广泛的应用中的采用将激增，从日常支付到全球汇款等。稳定币市场将在推动更广泛的加密生态系统走向主流采用方面发挥关键作用。