Stablecoins，加密风暴中的避风港

对于风险投资投资者而言，判决很明确：通过Stablecoins的美元支付今天代表了区块链最有前途，最有前途的使用。

In a crypto environment marked by volatility, stablecoins are emerging as the preferred safe haven for venture capital investors. Despite geopolitical tensions and market fluctuations, these digital currencies pegged to traditional currencies are attracting growing attention. But why does this particular segment generate so much enthusiasm among the most savvy financiers?

在以波动性为标志的加密环境中，斯塔霉素正成为风险投资者的首选避风港。尽管地缘政治紧张局势和市场波动，但这些与传统货币挂钩的数字货币正在吸引日益增长的关注。但是，为什么这个特定的细分市场在最精明的金融家中会产生如此多的热情？

Stablecoins, a Safe Haven in the Crypto Storm

Stablecoins，加密风暴中的避风港

For venture capital investors, the verdict is clear: dollar payments via stablecoins represent today the most tangible and promising use of the blockchain.

对于风险投资投资者而言，判决很明确：通过Stablecoins的美元支付今天代表了区块链最有前途，最有前途的使用。

The first quarter of 2025 confirmed this trend. While the US trade war caused a general collapse of classic cryptos, stablecoins showed remarkable resilience. Their total market cap jumped by $25 billion, now reaching $227.1 billion.

2025年第一季度证实了这一趋势。尽管美国贸易战引起了经典加密货币的总体崩溃，但Stablecoins表现出了显着的弹性。他们的总市值增长了250亿美元，现在达到2271亿美元。

This performance during a crisis did not go unnoticed by analysts. In its latest report, the Pitchbook team is categorical:

在危机中的这种表现并没有被分析师注意到。在其最新报告中，PitchBook团队是分类的：

“Dollar settlements remain the flagship application of cryptocurrencies, partly spared by wider risk aversion movements.”

“美元定居点仍然是加密货币的旗舰申请，部分原因是更广泛的风险规避运动。”

For investors, this stability in the face of market turmoil is a major asset.

对于投资者而言，面对市场动荡的这种稳定是主要资产。

The phenomenon extends far beyond the United States. In Europe, Meta plans to integrate USDC and USDT to pay creators on its social networks.

该现象远远超出了美国。在欧洲，Meta计划将USDC和USDT整合到其社交网络上。

At the same time, many countries are developing their own alternatives to the dollar. Nations such as Singapore and the United Arab Emirates are seeking to create stablecoins backed by their national currencies, aiming to free themselves from the dollar’s dominance in the crypto ecosystem.

同时，许多国家正在为美元开发自己的替代品。新加坡和阿拉伯联合酋长国等国家正在寻求创建以其民族货币为支持的稳定币，旨在将自己摆脱加密生态系统中的美元统治地位。

An Ecosystem That Attracts Tech Giants and Faces Regulatory Challenges

一个吸引科技巨头并面临监管挑战的生态系统

Projections for the stablecoin market are dizzying: according to some analysts, stablecoin capitalization could reach $2 trillion by 2028, nearly ten times their current value.

对Stablecoin市场的预测令人眼花di乱：据一些分析师称，到2028年，Stablecoin资本化可能达到2万亿美元，几乎是当前价值的十倍。

This expected exponential growth naturally attracts the attention of venture capitalists, who anticipate “a sharp increase in investments in the short term, particularly in startups specializing in payments, fund transfers, and treasury management.”

这种预期的指数增长自然会吸引风险资本家的注意，他们预计“短期内投资会大幅提高，尤其是在专门从事支付，资金转让和财政部管理的初创公司中。”

However, the path to this growth is not without obstacles. Security remains a crucial issue, especially after incidents like the Bybit hack.

但是，通往这种增长的途径并非没有障碍。安全仍然是一个至关重要的问题，尤其是在像Bybit Hack这样的事件之后。

According to Pitchbook, institutional investors will become more demanding, requiring real-time reserve verification tools and solutions simplifying cryptographic key management.

根据PitchBook的说法，机构投资者将变得越来越苛刻，需要实时储备验证工具和解决方案来简化加密密钥管理。

Startups capable of solving these technical problems will be the big winners in upcoming funding rounds.

能够解决这些技术问题的初创公司将是即将进行的资助回合的最大赢家。

On the regulatory front, the outlook has recently darkened. In the United States, the GENIUS bill, which aimed to regulate stablecoins, recently failed in the Senate with a vote of 48 against 49, far from the 60 votes required.

在监管方面，前景最近变黑了。在美国，旨在监管Stablecoins的天才法案最近在参议院以48票对49票的投票失败，远非需要60票。

This legislative setback could slow institutional adoption but does not dampen the enthusiasm of venture capitalists.

这种立法挫折可能会减缓机构的采用，但不会削弱风险资本家的热情。

The most anticipated event remains the IPO of Circle, the issuer of USDC. This IPO could not only definitively legitimize the stablecoin business model but also boost valuations across the entire payments and crypto infrastructure ecosystem.

最令人期待的事件仍然是USDC的发行人Circle的IPO。该IPO不仅可以明确地使Stablecoin业务模型合法化，而且可以提高整个付款和加密基础架构生态系统的估值。

In sum, the stablecoin market today represents an essential bridge between traditional finance and the crypto world. A recent Fireblocks report highlights this decisive shift: 90% of financial institutions use or plan to integrate these assets. This massive adoption by banks, once reluctant, is profoundly reshaping the contours of the global digital economy.

总而言之，当今的Stablecoin市场代表了传统金融与加密货币世界之间的重要桥梁。最近的Fireblocks报告强调了这一决定性转变：90％的金融机构使用或计划整合这些资产。银行曾经不情愿的这种大量采用正在深刻重塑全球数字经济的轮廓。