稳定币比率、Tether 和 Circle：解码加密货币格局

探索稳定币比率的动态、Tether 的主导地位以及 Circle 在不断发展的加密市场中的财务表现。

Stablecoin Ratio, Tether, and Circle: Decoding the Crypto Landscape

稳定币比率、Tether 和 Circle：解码加密货币格局

The stablecoin market is buzzing! With Tether (USDT) and Circle (USDC) leading the charge, understanding their influence and the overall stablecoin ratio is crucial. Let’s dive into the latest developments shaping this financial frontier.

稳定币市场热闹非凡！在 Tether (USDT) 和 Circle (USDC) 的引领下，了解它们的影响力和整体稳定币比例至关重要。让我们深入了解塑造这一金融前沿的最新发展。

The Stablecoin-to-Bitcoin Ratio: A Buying Opportunity?

稳定币与比特币的比率：买入机会？

The stablecoin-to-Bitcoin ratio on Binance has dipped to a two-year low, signaling that investors might be gearing up to snag some Bitcoin. According to CryptoQuant, this ratio, comparing Bitcoin reserves to dollar-denominated stablecoins, is a key indicator of market liquidity. A lower ratio suggests traders are holding stablecoins, ready to pounce on buying opportunities. If Bitcoin stabilizes above the $108,000–$110,000 range, we might just see BTC explode!

币安上的稳定币与比特币比率已跌至两年低点，这表明投资者可能正在准备抢购一些比特币。根据 CryptoQuant 的说法，将比特币储备与以美元计价的稳定币进行比较的这一比率是市场流动性的关键指标。较低的比率表明交易者正在持有稳定币，准备抓住买入机会。如果比特币稳定在 108,000 美元至 110,000 美元区间之上，我们可能会看到 BTC 爆炸！

Tether and Circle Mint Billions

Tether 和 Circle Mins 发行数十亿美元

Tether and Circle have collectively minted $7 billion in stablecoins since the last market dip, indicating a growing appetite for dollar-pegged assets. Tether alone minted another $1 billion USDT. This surge underscores the increasing demand for stablecoins as a safe haven in the crypto world.

自上次市场下跌以来，Tether 和 Circle 总共铸造了 70 亿美元的稳定币，这表明人们对与美元挂钩的资产的兴趣不断增长。仅 Tether 就又铸造了 10 亿美元的 USDT。这种激增凸显了对稳定币作为加密世界避风港的需求不断增长。

Tether's Triumph: 500 Million Users and Counting

Tether 的胜利：5 亿用户且数量还在增加

Tether just hit a massive milestone: 500 million users! CEO Paolo Ardoino calls it “likely the biggest financial inclusion achievement in history.” USDT dominates the stablecoin market with a near $182 billion market cap, dwarfing Circle’s USDC at $75 billion. This gives Tether a whopping 69% market share.

Tether 刚刚达到了一个巨大的里程碑：5 亿用户！首席执行官保罗·阿多伊诺（Paolo Ardoino）称其“可能是历史上最大的普惠金融成就”。 USDT 以接近 1820 亿美元的市值主导稳定币市场，让 Circle 的 USDC 750 亿美元的市值相形见绌。这使得 Tether 占据了高达 69% 的市场份额。

Global Adoption in Emerging Markets

新兴市场的全球采用

USDT’s adoption is particularly strong in emerging economies like Kenya, where it serves as a hedge against inflation and currency depreciation. Millions in Latin America, Africa, and Southeast Asia rely on USDT to bypass unstable local currencies and reduce remittance costs. It’s not just a trading tool; it’s a financial lifeline.

USDT 在肯尼亚等新兴经济体的采用尤其强烈，它可以用来对冲通货膨胀和货币贬值。拉丁美洲、非洲和东南亚的数百万人依靠 USDT 来绕过不稳定的当地货币并降低汇款成本。它不仅仅是一个交易工具；这是一条财务生命线。

Circle's Financial Picture: A Mixed Bag

Circle 的财务状况：好坏参半

Circle’s first earnings report as a public company revealed a $482 million net loss, largely due to IPO-related costs. However, revenue rose 53% year-over-year to $658 million, thanks to interest earned on the dollar reserves backing USDC. This interest income accounted for 96.4% of Circle's total revenue, highlighting the boring-but-profitable banking secret behind the stablecoin.

Circle 作为上市公司的第一份收益报告显示，净亏损为 4.82 亿美元，这主要是由于 IPO 相关成本造成的。然而，得益于支持 USDC 的美元储备所赚取的利息，收入同比增长 53% 至 6.58 亿美元。这笔利息收入占 Circle 总收入的 96.4%，凸显了稳定币背后无聊但有利可图的银行秘密。

Citi's Prediction: A $1.9 Trillion Stablecoin Market

花旗预测：稳定币市场价值 1.9 万亿美元

Looking ahead, Citi analysts project a $1.9 trillion market capitalization for the stablecoin industry by 2030. Stablecoins currently represent between 5% and 10% of total crypto valuation and are compared to the rise of money market funds in the 1980s.

展望未来，花旗分析师预计，到 2030 年，稳定币行业的市值将达到 1.9 万亿美元。与 20 世纪 80 年代货币市场基金的崛起相比，稳定币目前占加密货币总估值的 5% 至 10%。

Final Thoughts: Stablecoins Are Here to Stay

最后的想法：稳定币将继续存在

Stablecoins are no longer just a niche corner of the crypto world; they're becoming a fundamental part of the global financial landscape. Whether it's Tether's dominance and widespread adoption or Circle's efforts to play by the rules, these digital assets are reshaping how we think about money. Keep an eye on that stablecoin ratio – it might just tell you when to snag some Bitcoin. And with Citi forecasting a $1.9 trillion market, it's safe to say stablecoins are here to stay. Pretty cool, right?

稳定币不再只是加密世界的一个小众角落；它们正在成为全球金融格局的基本组成部分。无论是 Tether 的主导地位和广泛采用，还是 Circle 遵守规则的努力，这些数字资产正在重塑我们对金钱的看法。密切关注稳定币比率——它可能会告诉你何时购买一些比特币。花旗预测市场规模将达到 1.9 万亿美元，可以肯定地说稳定币将继续存在。很酷，对吧？