Stablecoin流入：USDT和USDC占主导地位，但游戏正在改变

USDT和USDC正在领导Stablecoin指控，但是新兴的球员和监管转变可能会使事情变得更加动摇。这对加密的未来意味着什么？

Stablecoin inflows have been on a tear, exceeding $46 billion in the last 90 days. USDT and USDC are the big dogs, but the landscape is evolving fast. Let's dive into what's driving this surge and what it means for you.

Stablecoin流入流动，过去90天内超过460亿美元。 USDT和USDC是大狗，但景观正在迅速发展。让我们深入了解驱动这一激增的原因以及对您意味着什么。

USDT: Still the King of the Stablecoin Jungle

USDT：仍然是Stablecoin丛林的国王

Tether's USDT continues to reign supreme, pulling in a whopping $19.6 billion in the third quarter alone. That's on top of the $9.2 billion it raked in during the second quarter. It's the go-to stablecoin for offshore betting and international transactions, offering speed and low fees. But let's be real, it's also a bit of a black box.

Tether的USDT继续统治最高，仅在第三季度就达到了196亿美元。这是第二季度耗资92亿美元的基础。这是用于海上投注和国际交易的首选，提供速度和低收入。但是，让我们真实，这也有点黑框。

USDC: Circle's Catching Up Fast

USDC：Circle快速赶上

Circle's USDC is making moves, experiencing a dramatic surge with $12.3 billion in inflows in Q3. That's a massive jump from the mere $500 million in Q2. USDC is gaining traction with institutional investors, thanks to its stability and transparency. It’s becoming the stablecoin of choice for businesses and financial services looking for a reliable dollar-pegged asset.

Circle的USDC正在采取行动，经历了第三季度流入123亿美元的戏剧性激增。这是第2季度仅5亿美元的巨大跳跃。由于其稳定性和透明度，USDC正在吸引机构投资者。它已成为寻求可靠的美元固定资产的企业和金融服务的首选。

The Rise of the Underdogs

失败者的崛起

It's not just USDT and USDC in the stablecoin game. Ethena's USDe is turning heads with $9 billion in inflows, showcasing the growing interest in algorithmic stablecoins. PayPal's PYUSD and MakerDAO's USDS are also showing promise, though on a smaller scale.

这不仅是Stablecoin游戏中的USDT和USDC。 Ethena的USDE正在以90亿美元的流入转向负责人，展示了人们对算法稳定的兴趣的日益增长的兴趣。贝宝（Paypal）的Pyusd和Makerdao的USD也表现出希望，尽管规模较小。

Why the Inflows Matter (and What They Mean for Ethereum)

为什么流入至关重要（以及它们对以太坊的意义）

These massive stablecoin inflows are more than just impressive numbers. They fuel liquidity, and liquidity fuels rallies. Ethereum, with its dominance in DeFi and tokenization, is poised to benefit big time. Some analysts even predict that continued stablecoin inflows could push Ethereum to $7,000 by Q4 2025.

这些大规模的稳定流入不仅仅是令人印象深刻的数字。它们为流动性加油，流动性燃料集会。以太坊以其在Defi和Dekenization方面的主导地位，有望从中受益。一些分析师甚至预测，持续的Stablecoin流入可能会将以太坊提高到第4季度2025年的7,000美元。

And let’s not forget about the role of stablecoins in offshore betting. USDT, in particular, has become the

而且，不要忘记稳定币在离岸博彩中的作用。特别是USDT已成为