Stablecoins是寻找问题的解决方案

有可能被广泛用于付款的Stablecoins试图避免这种命运。

Stablecoins are often discussed in the context of cryptocurrencies, but they have broader implications for the financial industry.

经常在加密货币的背景下讨论稳定币，但它们对金融业具有更广泛的影响。

Mastercard is venturing further into the stablecoin domain with a partnership on Thursday (May 15) with crypto payments FinTech MoonPay to streamline on- and off-ramps for merchants and simplify cross-border transactions.

万事达卡（Mastercard）在周四（5月15日）与加密货币付款金融科技Moonpay的合作伙伴关系进一步进入Stablecoin域，以简化商人的外部和外坡道，并简化跨境交易。

However, the full potential of stablecoins remains constrained by limited on- and off-ramp infrastructure and insufficient acceptance among merchants and consumers.

但是，稳定蛋白的全部潜力仍然受到有限的现行和外跨基础设施的限制，并且对商人和消费者的接受程度不足。

The benefits of stablecoins can be enticing, particularly in cross-border and emerging market transactions. These programmable dollars (or euros, or pesos) can move at the speed of the internet. They combine the reliability of traditional money with the speed and efficiency of blockchain rails.

Stablecoins的好处可能是诱人的，尤其是在跨境和新兴市场交易中。这些可编程的美元（或欧元或比索）可以以互联网的速度移动。他们将传统资金的可靠性与区块链导轨的速度和效率相结合。

Still, like all powerful tools, stablecoins’ value depends on the system they’re part of. That could require legitimate institutions to build the rails, encourage acceptance, align with regulations and integrate with legacy systems.

尽管如此，像所有功能强大的工具一样，Stablecoins的价值取决于它们的一部分。这可能需要合法的机构来建立铁轨，鼓励接受，与法规保持一致并与旧系统集成。

On paper, stablecoins may seem like the perfect bridge between two financial worlds. Citi Institute’s Future of Finance think tank projected that the stablecoin market could jump to at least $1.6 trillion by 2030, assuming regulatory support and institutional integration continue apace.

从表面上看，Stablecoins似乎是两个金融世界之间的完美桥梁。花旗研究所（Citi Institute）的未来财务智囊团预计，到2030年，稳定市场的市场可能会跃升至至少1.6万亿美元，假设监管支持和机构一体化继续迅速发展。

In practice, however, stablecoins can be stuck in a transactional limbo where they are underused and misunderstood. The key to unlocking their full potential could lie in partnerships for seamless fiat on- and off-ramps, as well as widespread acceptance from merchants and consumers.

但是，实际上，稳定的人可能会被困在交易的困境中，在这些困境中，他们被误解和误解了。释放其全部潜力的关键可能在于与商人和消费者的无缝菲亚特（Fiat on）无缝菲亚尔（Fiat）和外坡道的合作伙伴关系。

See also: 3 Things Payment Stakeholders Can All Agree On About Stablecoins

另请参阅：3件事付款利益相关者都可以就Stablecoins达成共识

The Plumbing of Digital Money: On- and Off-Ramps

数字货币的管道：越野和外坡道

For most Americans not actively involved in crypto markets, stablecoins might as well not exist. But most Americans still bank with institutions that are centuries old.

对于大多数不积极参与加密货币市场的美国人而言，Stablecoins也可能不存在。但是，大多数美国人仍然对几个世纪以上的机构保持一致。

In the crypto economy of certain regions, wallets like MetaMask, Coinbase Wallet and others are the new front ends of finance, and fiat ramps serve as the connective tissue between these wallets and the fiat world.

在某些地区的加密经济中，诸如MetAmask，Coinbase Wallet等钱包是金融的新前端，菲亚特坡道是这些钱包和菲亚特世界之间的结缔组织。

Today, most stablecoin entry points still rely on centralized crypto exchanges like Coinbase, Binance or Kraken. These platforms offer fiat gateways where users can link bank accounts or cards to buy stablecoins. However, for stablecoins to become ubiquitous, access needs to move beyond crypto-native tools. That means embedding on-ramps into FinTech apps, remittance platforms and retail bank services.

如今，大多数Stablecoin入口点仍然依赖于Coinbase，Binance或Kraken等集中的加密交易所。这些平台提供菲亚特门户，用户可以在其中链接银行帐户或卡以购买稳定的股币。但是，要使Stablecoins变得无处不在，访问需要超越加密本地工具。这意味着将坡度嵌入金融科技应用程序，汇款平台和零售银行服务中。

Emerging markets, where banking infrastructure is often limited or unreliable, stand to benefit the most.

银行基础设施通常有限或不可靠的新兴市场将受益最大。

For example, Ramp announced May 7 an expansion of its issuing partnership with Stripe to launch stablecoin-backed corporate cards designed to facilitate cross-border transactions. The integration will start with select Latin American markets and then expand to countries in Europe, Africa and Asia.

例如，RAMP宣布5月7日扩展了与Stripe的发行合作伙伴关系，以推出旨在促进跨境交易的Stablecoin支持的公司卡。整合将从精选的拉丁美洲市场开始，然后扩展到欧洲，非洲和亚洲的国家。

Currency.com CEO Konstantin Anissimov told PYMNTS this week that there has been “a big shift in terms of adoption of stablecoin payments that is being driven by uncertainty in geopolitics.”

Currency.com首席执行官Konstantin Anissimov本周告诉PYMNTS，“在通过地缘政治不确定性驱动的Stablecoin付款方面发生了很大的转变”。

“I am personally seeing a big increase of small to medium enterprises utilizing stablecoin payments because banking rails are harder and harder to use,” Anissimov said.

Anissimov说：“我个人看到使用Stablecoin支付的中小型企业大幅增加，因为银行轨道越来越难使用。”

Read also: Crypto Firms Chase Bank Charters as Circle Launches Stablecoin Orchestration Layer

另请阅读：加密公司追逐银行租船

Can Stablecoins Successfully Change the World’s Financial Fabric?

Stablecoins可以成功改变世界的财务结构吗？

From Shopify plugins to crypto-friendly point-of-sale (POS) systems, technical solutions exist to enable stablecoin acceptance. However, what’s lacking is incentive. Traditional payment processors like Visa or PayPal offer reliability, fraud protection and settlement services that most blockchain payment systems can’t yet match.

从Shopify插件到加密货币友好的销售点（POS）系统，都存在技术解决方案，以实现StableCoin的接受。但是，缺少的是激励措施。签证或贝宝等传统支付处理器提供可靠性，大多数区块链支付系统尚无法匹配的欺诈保护和和解服务。

Equally critical are off-ramps — the pathways through which users convert stablecoins back into fiat currency. Without these, stablecoins risk becoming digital dead-ends. Users want to spend, not just hold.

同样至关重要的是坡道 - 用户将Stablecoins转换为法定货币的途径。没有这些，Stablecoins有可能成为数字死胡同。用户想花费，而不仅仅是握住。

That’s in part why, rather than resisting, banks can reposition themselves as custodians of digital assets, offering secure storage and compliance partnerships that handle know your customer and anti-money laundering obligations for stablecoin issuers. At the same time, they can serve as liquidity providers offering fiat backstops and redemption services.

这就是为什么银行可以将自己重新定位为数字资产的保管人，提供安全的存储和合规合作伙伴关系，以了解您的客户和稳定发行人的反洗钱义务。同时，他们可以充当提供菲亚特背部和救赎服务的流动性提供商。

They could even be issuers themselves. Some, like J.P. Morgan, already are.

他们甚至可以自己是发行人。有些人，例如JP Morgan，已经是。

“I think the largest banks will succeed as stablecoin issuers,” Amias Gerety, former assistant secretary of the Treasury, told PYMNTS in March.

“我认为最大的银行将成功成为Stablecoin发行人，”财政部前助理秘书Amias Gerety在三月份告诉PYMNTS。

Still, policy could shape the stablecoin trajectory in the U.S. more than technology. Perhaps the most eye-catching development in 2025 has been the President Donald Trump family’s foray into stablecoins. The USD1 token, unveiled at a Dubai conference and reportedly used in a $2 billion Binance investment by Abu Dhabi’s MGX, raised eyebrows and strategic questions.

尽管如此，政策还是可以在美国塑造稳定的轨迹，而不是技术。 2025年最引人注目的发展也许是唐纳德·特朗普（Donald Trump）一家人涉足稳定者。 USD1代币在迪拜会议上揭幕，据报道，阿布扎比的MGX进行了20亿美元的二手投资，提高了眉毛和战略问题。

That foray, as well as others, resulted in the Guiding and Establishing National Innovation for U.S. Stablecoins of 2025 (GENIUS) Act, a bill to promote stablecoins, being blocked in the U.S

与其他人以及其他人一起为2025年的美国Stablecoins（Genius）的指导和建立了国家创新，这是一项促进Stablecoins的法案，在美国被阻止