美国即将出台的法规，稳定币市场面临转型

随着加密货币领域的不断发展，围绕稳定币的讨论正在不断升温。斯科特·梅尔克 (Scott Melker)，《街头之狼》播客主持人

Crypto prices today: Stablecoins hitting record volumes, and what it means for the market

今日加密货币价格：稳定币交易量创历史新高，这对市场意味着什么

As the crypto landscape continues to evolve, the conversation around stablecoins is gaining momentum.

随着加密货币领域的不断发展，围绕稳定币的讨论正在不断升温。

In this episode, Scott Melker, host of The Wolf of All Streets Podcast, and Matthew Sigel, head of digital assets research at VanEck, dive deep into this topic, discussing the potential future of stablecoins and their impact on the market. With regulatory changes on the horizon, the dynamics of stablecoins are poised for significant shifts.

在本期节目中，《The Wolf of All Streets》播客主持人 Scott Melker 和 VanEck 数字资产研究主管 Matthew Sigel 深入探讨了这一主题，讨论了稳定币的潜在未来及其对市场的影响。随着监管变化即将到来，稳定币的动态即将发生重大变化。

Melker kicks off the discussion by questioning the timing and reasoning behind VanEck's decision to create a new stablecoin now, especially when giants like Circle and Tether already dominate the market.

梅尔克首先质疑 VanEck 现在决定创建新稳定币的时机和理由，特别是在 Circle 和 Tether 等巨头已经主导市场的情况下。

Sigel responds by emphasizing that the current regulatory environment and the potential for a stablecoin bill in the U.S. next year make it a strategic time for new entrants. He points out that major players like Tether are holding onto significant profits without redistributing them, presenting an opportunity for newcomers to compete on price and distribution.

Sigel 对此做出回应，强调当前的监管环境和明年美国稳定币法案的潜力使其成为新进入者的战略时机。他指出，像 Tether 这样的主要参与者在不重新分配的情况下持有巨额利润，这为新来者提供了在价格和分销方面竞争的机会。

The conversation shifts to the potential impact of stablecoin legislation in the U.S. Melker notes the prolonged anticipation of such a bill, referencing the efforts of Senators Lummis and Gillibrand, and Representative Patrick McHenry.

话题转向美国稳定币立法的潜在影响。梅尔克指出，人们对此类法案的期待已久，并提到了参议员卢米斯和吉利布兰德以及众议员帕特里克·麦克亨利的努力。

Sigel critiques the initial version of the bill as overly restrictive on asset holdings but acknowledges a bipartisan consensus on the need for a regulatory framework. He predicts that while federal regulation will play a role, states will retain some autonomy, fostering a more competitive stablecoin market.

西格尔批评该法案的最初版本对资产持有过度限制，但承认两党就监管框架的必要性达成了共识。他预测，虽然联邦监管将发挥作用，但各州将保留一定的自主权，从而培育更具竞争力的稳定币市场。

The potential of stablecoins is further underscored by their current performance. Sigel points out that stablecoins are now doing more volumes than Visa and have become one of the top buyers of U.S. treasuries. This indicates a growing acceptance and integration of stablecoins into the traditional financial system.

稳定币目前的表现进一步凸显了其潜力。 Sigel 指出，稳定币目前的交易量超过了 Visa，并已成为美国国债的最大买家之一。这表明稳定币越来越被接受并融入传统金融体系。

Melker echoes this sentiment, suggesting that stablecoins could lead to hyper-dollarization, significantly boosting the dollar's power globally. However, the regulatory landscape remains a crucial factor.

梅尔克呼应了这种观点，认为稳定币可能会导致超美元化，从而显着提升美元在全球的影响力。然而，监管环境仍然是一个关键因素。

Sigel discusses the friction in cross-border transactions due to stringent Know Your Customer (KYC) requirements and other regulatory hurdles. He believes that while stablecoins can enhance the velocity of cross-border payments, bitcoin still holds potential as a new reserve asset. The integration of stablecoins with bitcoin could further revolutionize the market, offering new possibilities for transactions and asset management.

Sigel 讨论了由于严格的“了解你的客户”(KYC) 要求和其他监管障碍而导致的跨境交易中的摩擦。他认为，虽然稳定币可以提高跨境支付的速度，但比特币仍然具有作为新储备资产的潜力。稳定币与比特币的整合可能会进一步彻底改变市场，为交易和资产管理提供新的可能性。