稳定币是扩大美元霸权的一种方式

美国前众议院议长 Paul Ryan 阐述了稳定币如何缓解迫在眉睫的债务危机。

Federal Reserve Bank Governor Christopher Waller spoke about the potential benefits and risks of stablecoins at the Institute of Advanced Studies on Oct. 18.

10 月 18 日，美联储行长克里斯托弗·沃勒 (Christopher Waller) 在高级研究所谈到了稳定币的潜在好处和风险。

According to Waller, well-regulated stablecoins could reduce the need for payment intermediaries, lowering global payment costs. However, he quickly added that stablecoin “safety is not assured.”

沃勒表示，监管良好的稳定币可以减少对支付中介机构的需求，从而降低全球支付成本。然而，他很快补充说，稳定币“安全性并没有保障”。

“We must ensure that stablecoins are integrated into the current financial system in a way that complements traditional finance,” Waller said.

沃勒表示：“我们必须确保稳定币以补充传统金融的方式融入当前的金融体系。”

The Fed official also highlighted the possibility of a symbiotic relationship between decentralized finance (DeFi) and traditional finance, rather than complete displacement.

这位美联储官员还强调了去中心化金融（DeFi）与传统金融之间存在共生关系的可能性，而不是完全取代。

This perspective has been echoed by some US lawmakers, who suggest that DeFi and dollar-stablecoins could extend the US dollar's dominance by decades.

这一观点得到了一些美国立法者的响应，他们认为 DeFi 和美元稳定币可以将美元的主导地位延长数十年。

Thailand’s oldest bank to offer stablecoin remittance services

泰国最古老的银行提供稳定币汇款服务

An article published in The Wall Street Journal on June 14, authored by former United States Speaker of the House Paul Ryan, argues that stablecoins can help mitigate the looming debt crisis.

6 月 14 日，美国前众议院议长 Paul Ryan 在《华尔街日报》上发表文章，认为稳定币有助于缓解迫在眉睫的债务危机。

Highlighting the growing US government debt, Ryan points to stablecoins creating demand for US Treasurys and US dollars, which will keep the dollar competitive against the Chinese yuan and help it retain its status as the global reserve currency.

瑞安强调了不断增长的美国政府债务，指出稳定币创造了对美国国债和美元的需求，这将使美元相对于人民币保持竞争力，并帮助其保持全球储备货币的地位。

More recently, in October, US Senator Bill Hagerty introduced the Clarity for Payment Stablecoins Act, which builds on Representative Patrick McHenry’s 2023 stablecoin bill.

最近，10 月，美国参议员比尔·哈格蒂 (Bill Hagerty) 提出了《支付稳定币清晰度法案》，该法案以众议员帕特里克·麦克亨利 (Patrick McHenry) 的 2023 年稳定币法案为基础。

The most significant changes to the bill include provisions to allow states to regulate stablecoins and the removal of a clause in the 2023 bill that would have classified stablecoins as securities.

该法案最重大的变化包括允许各州监管稳定币的条款，以及删除 2023 年法案中将稳定币归类为证券的条款。

Despite these efforts, a recent Chainalysis report indicates that the US is lagging in stablecoin adoption.

尽管做出了这些努力，但最近的 Chainaanalysis 报告表明，美国在稳定币的采用方面仍然落后。

According to Chainalysis, the market share of stablecoin transactions on US-regulated exchanges fell below 40% in 2024. In contrast, the portion of stablecoin transactions on offshore exchanges increased to 60% this year.

根据 Chainaanalysis 的数据，2024 年美国监管交易所的稳定币交易市场份额将跌至 40% 以下。相比之下，今年离岸交易所的稳定币交易份额则增至 60%。

Magazine: Unstablecoins: Depegging, bank runs and other risks loom

杂志：不稳定的货币：脱钩、银行挤兑和其他风险迫在眉睫