STBL 与 Ondo Finance 合作：代币化储备的新时代？

STBL Partners 和 Ondo Finance 正在利用创新的代币化美国国债资产突破稳定币的界限。

Hold onto your hats, folks! The world of stablecoins is about to get a whole lot more interesting. STBL Partners and Ondo Finance are teaming up to shake things up with tokenized U.S. Treasury assets. Let's dive in!

各位，请戴好你们的帽子！稳定币的世界即将变得更加有趣。 STBL Partners 和 Ondo Finance 正在联手利用代币化的美国国债资产进行变革。让我们深入了解吧！

Tokenized Treasuries Take Center Stage

代币化国债成为焦点

STBL Partners is joining forces with Ondo Finance to introduce a whopping $50 million in new minting capacity for its stablecoin, USST. The kicker? They're bringing tokenized U.S. Treasury assets directly into STBL’s reserve model. This isn't just a minor tweak; it's a significant step towards linking decentralized money with real-world collateral.

STBL Partners 与 Ondo Finance 联手为其稳定币 USST 引入高达 5000 万美元的新铸币能力。踢球者？他们将代币化的美国国债资产直接纳入 STBL 的储备模型中。这不仅仅是一个小调整；这是将去中心化货币与现实世界抵押品联系起来的重要一步。

The collaboration aims to boost transparency, compliance, and yield management in stablecoin design. Ondo’s USDY, a yield-bearing token backed by short-term U.S. Treasuries and bank deposits, will serve as the primary collateral for USST. By integrating these institutional-grade assets, STBL is setting up a framework that’s both scalable and compliant.

此次合作旨在提高稳定币设计的透明度、合规性和收益管理。 Ondo 的 USDY 是一种由短期美国国债和银行存款支持的收益代币，将作为 USST 的主要抵押品。通过整合这些机构级资产，STBL 正在建立一个可扩展且合规的框架。

How USDY Strengthens the Collateral

USDY 如何强化抵押品

So, how does USDY beef up STBL’s stablecoin collateral? USDY is designed to deliver dollar-denominated yield while maintaining a secure structure. Investors get a first-priority security interest over the underlying assets, held by an independent collateral agent. This adds a layer of trust that's often missing in the DeFi world.

那么，USDY 如何增强 STBL 的稳定币抵押品呢？ USDY 旨在提供以美元计价的收益率，同时保持安全的结构。投资者获得由独立抵押代理人持有的标的资产的第一优先担保权益。这增加了 DeFi 世界中经常缺失的一层信任。

STBL plans to make USDY a core part of its collateral mix, allowing institutions to mint USST while keeping exposure to the yield from underlying Treasuries. This balance could help stablecoins like USST expand without sacrificing stability or transparency. Dr. Avtar Sehra, STBL’s co-founder and CEO, highlights that this partnership marks a shift toward tokenized reserves, supporting a variety of compliant, high-quality assets.

STBL 计划将 USDY 作为其抵押品组合的核心部分，允许机构铸造 USST，同时保留基础国债收益率的敞口。这种平衡可以帮助 USST 等稳定币在不牺牲稳定性或透明度的情况下扩张。 STBL 联合创始人兼首席执行官 Avtar Sehra 博士强调，此次合作标志着向代币化储备的转变，支持各种合规的优质资产。

Ondo's Regulatory Power Play

Ondo 的监管权力发挥

Adding another layer to this rapidly developing story, Ondo Finance recently completed the acquisition of Oasis Pro, arming itself with a full suite of SEC-registered digital asset licenses. This includes a broker-dealer, alternative trading system (ATS), and transfer agent (TA). Ondo now boasts the most comprehensive set of digital asset registrations in the U.S., setting a precedent for regulated blockchain infrastructure.

Ondo Finance 最近完成了对 Oasis Pro 的收购，为这个快速发展的故事增添了另一层内容，为自己配备了全套在 SEC 注册的数字资产许可证。这包括经纪自营商、另类交易系统 (ATS) 和过户代理 (TA)。 Ondo 现在拥有美国最全面的数字资产注册，为受监管的区块链基础设施树立了先例。

This acquisition isn’t just about licenses; it’s about building a bridge between traditional finance and blockchain. Ondo can now handle the entire lifecycle of a digital security, from creation and issuance to trading and settlement. The tokenized securities market is projected to explode to $18 trillion by 2033, and Ondo is positioning itself to grab a big slice of that pie.

此次收购不仅仅涉及许可；还涉及许可。这是关于在传统金融和区块链之间建立一座桥梁。 Ondo 现在可以处理数字证券的整个生命周期，从创建和发行到交易和结算。预计到 2033 年，代币化证券市场将激增至 18 万亿美元，Ondo 正准备在这块蛋糕上分一杯羹。

The Future is Tokenized

未来是代币化的

What does all this mean? It signals a growing interest in tokenized real-world assets as stablecoin reserves move closer to traditional finance standards. With its acquisition of Oasis Pro, Ondo can tokenize, issue, and trade assets that were once restricted to institutional investors, all in a fully compliant digital format. Regulatory clarity is the name of the game, and Ondo is playing it well.

这一切意味着什么？这标志着随着稳定币储备越来越接近传统金融标准，人们对代币化现实世界资产的兴趣日益浓厚。通过收购 Oasis Pro，Ondo 可以以完全合规的数字格式对曾经仅限于机构投资者的资产进行代币化、发行和交易。监管的明确性是关键，翁多在这方面做得很好。

My Take

我的看法

In my opinion, the collaboration between STBL and Ondo, along with Ondo's strategic acquisition, represents a paradigm shift in how we perceive and use stablecoins. The integration of tokenized real-world assets not only enhances stability and transparency but also bridges the gap between traditional finance and the decentralized world. As tokenization gains momentum, initiatives like these pave the way for broader institutional adoption and a more mature digital asset ecosystem. This fusion of compliance and innovation could very well redefine the future of finance, making it more accessible and efficient for everyone. The move by Ondo to acquire Oasis Pro demonstrates a forward-thinking approach to navigating the regulatory landscape, which is crucial for long-term success in the evolving digital asset market. This proactive approach not only sets Ondo apart from its competitors but also builds trust and credibility within the industry.

在我看来，STBL 和 Ondo 之间的合作，以及 Ondo 的战略收购，代表了我们如何看待和使用稳定币的范式转变。代币化现实世界资产的整合不仅增强了稳定性和透明度，而且弥合了传统金融和去中心化世界之间的差距。随着代币化势头强劲，此类举措为更广泛的机构采用和更成熟的数字资产生态系统铺平了道路。合规与创新的融合很可能会重新定义金融的未来，让每个人都更容易获得、更高效。 Ondo 收购 Oasis Pro 的举动展现了应对监管环境的前瞻性思维方法，这对于在不断发展的数字资产市场取得长期成功至关重要。这种积极主动的做法不仅使 Ondo 从竞争对手中脱颖而出，而且在行业内建立了信任和信誉。

The partnership between STBL and Ondo isn't just a step forward; it's a leap. By combining compliant, RWA-backed assets with decentralized infrastructure, they're creating a stablecoin model that mirrors traditional financial stability without sacrificing the openness of blockchain technology.

STBL 和 Ondo 之间的合作不仅向前迈出了一步，而且还向前迈出了一步。这是一个飞跃。通过将合规的 RWA 支持的资产与去中心化基础设施相结合，他们正在创建一个稳定币模型，在不牺牲区块链技术开放性的情况下反映传统金融稳定性。

So, buckle up! It looks like the future of finance is here, and it’s tokenized. Who knew that U.S. Treasuries could be so exciting?

所以，系好安全带！看起来金融的未来就在这里，而且它已经被代币化了。谁知道美国国债会如此令人兴奋？