系绳将在2024年末或2025年初推出美国的稳定币

新硬币旨在与潜在的美国加密法规保持一致，并将与Tether的国际产品不同。

Tether, the world’s largest stablecoin issuer, is planning to launch a US-based stablecoin by late this year or early next year, according to CEO Paolo Ardoino.

据首席执行官保罗·阿多利诺（Paolo Ardoino）称，世界上最大的Stablecoin发行人Tether计划在今年下半年或明年年初之前推出一个总部位于美国的Stablecoin。

The new coin will aim to align with potential US crypto regulations and will differ from Tether’s international offerings, which are largely advertised as a fiat-backed asset.

新硬币将旨在与潜在的美国加密法规保持一致，并将与Tether的国际产品不同，Tether的国际产品在很大程度上被广告宣传为菲亚特支持的资产。

Speaking at the Chaincode Global’s DeFi & Digital Asset Summit in New York, Ardoino said the launch will depend on the timeline of US legislation.

Ardoino在纽约的Chaincode Global在纽约举行的Defi＆Digital Asset峰会上发表讲话时说，发布将取决于美国立法的时间表。

The company now publishes reports showing about $120 billion in US treasuries and $5.6 billion in excess reserves as of Q1 2025.

该公司现在发布报告显示，截至2025年第1季度，该报告显示了约1,200亿美元的美国国债和56亿美元的超额储备。

The company’s legal chief, Charles Chauncy, has also spoken about the company’s role in law enforcement partnerships to combat crypto crime.

该公司的法律局长查尔斯·昌西（Charles Chauncy）还谈到了该公司在执法伙伴关系中的作用，以打击加密犯罪。

This story was originally featured on iTrust Chaincoins.

这个故事最初是在Itrust Chaincoins上进行的。

The company’s move to launch a US stablecoin comes as it seeks to expand its footprint in the world’s largest economy.

该公司旨在扩大世界上最大经济体的占地面积，因此该公司推出美国稳定的行动。

Tether has faced scrutiny from US regulators in recent years.

近年来，Tether面临美国监管机构的审查。

In 2021, the company settled with the New York Attorney General for $18.5 million after being accused of operating as a fractional reserve and misusing customer funds.

2021年，该公司在被指控作为分数储备金并滥用客户资金的情况下以1,850万美元的价格与纽约总检察长定居。

However, Tether has since moved to rebuild its reputation by publishing attestation reports and claiming to hold approximately $120 billion in US Treasuries.

但是，Tether此后通过发布证明报告并声称持有约1,200亿美元的美国国债，以重建其声誉。

The company has also been engaging with lawmakers and crypto stakeholders in Washington.

该公司还与华盛顿的立法者和加密货币利益相关者互动。

This includes meeting with members of Congress and attending House Appropriations Committee hearings.

这包括与国会议员会面和参加众议院拨款委员会听证会。

Tether’s transition from being described as a “criminal’s go-to cryptocurrency” to courting Washington lawmakers and promoting law enforcement partnerships showcases how digital asset companies can manage dramatic image transformations when market conditions and political winds shift.

特ether从被描述为“犯罪分子的加密货币”过渡到向华盛顿立法者求婚，并促进执法伙伴关系，展示了数字资产公司如何在市场条件和政治风转变时如何管理急剧的形象转变。

The velocity of major stablecoins is now nearly equivalent, suggesting robust and distributed trading activity across different platforms rather than a concentration on a single token. This indicates a healthy and dynamic market with diverse participants engaging in lively trading on various exchanges and protocols.

现在，主要稳定菌的速度几乎是等效的，表明跨不同平台的稳健和分布式交易活动，而不是集中在一个令牌上。这表明了一个健康而充满活力的市场，不同的参与者从事各种交流和协议进行生动的交易。

The pattern of increasing institutionalization is evident across the stablecoin sector, with 86% of the $232 billion market concentrated in Tether and USDC, both of which have developed significant compliance operations and banking relationships. In contrast, smaller stablecoins appear to be catering to specific niches within the DeFi ecosystem.

在整个Stablecoin行业中，制度化增加的模式是显而易见的，其中2320亿美元市场中的86％集中在Tether和USDC上，这两者都建立了重要的合规性和银行关系。相比之下，较小的稳定剂似乎迎合了Defi生态系统内的特定壁ni。

This evolution suggests that stablecoins are becoming less of an alternative financial system and more of an extension of the existing one, potentially bringing both stability and new forms of systemic risk to the broader crypto ecosystem. As such, their integration into the US financial landscape will be a subject of keen interest and scrutiny in the years to come.

这种进化表明，稳定的稳定剂越来越不再是一种替代性金融体系，而更多地是对现有的金融体系的扩展，这可能会给更广泛的加密生态系统带来稳定性和新形式的系统性风险。因此，在接下来的几年中，它们将其融入美国金融景观将是一个敏锐的兴趣和审查的主题。