Tether（USDT）评论：Stablecoins的国王？

Tether，USDT是加密货币清单中的第三，市值为1493.3亿美元。这确实是一个稳定的，您仍然可以以1美元的价格购买

Tether, the company behind the USDT stablecoin, is a key player in the cryptocurrency market. Its flagship product, Tether (USDT), is the third largest cryptocurrency by market cap with a staggering $149.33 billion.

USDT Stablecoin背后的公司Tether是加密货币市场的关键参与者。它的旗舰产品Tether（USDT）是市值的第三大加密货币，其1493.3亿美元。

Known for its dollar parity, USDT is a stablecoin that traders buy for one dollar and the price that remained unchanged at $0.9998 really confirms that. It’s a token on the Ethereum and Tron blockchains and facilitates non-changing transfers from one ledger to another. A trading volume of $48.22 billion over 24 hours represents the stablecoin’s widespread usage among the crypto traders.

USDT以美元平价而闻名，是一种稳定者以1美元的价格购买的Stablecoin，价格保持不变的价格为0.9998美元，确实证实了这一点。它是以太坊和Tron区块链上的令牌，并促进了从一个分类帐到另一个分类帐的非变化转移。在24小时内，交易量为482.2亿美元，代表了加密货币交易者中稳定的广泛使用。

Initially launched in 2014 as Realcoin, it was later renamed and deployed on the Bitcoin blockchain. The founders, Brock Pierce, Reeve Collins, and Craig Sellars, envisioned an integration of traditional banking and virtual currency to create an American digital dollar, free from inflation and deflationary movements.

最初于2014年以Realcoin的身份推出，后来又重命名并部署在比特币区块链上。创始人布罗克·皮尔斯（Brock Pierce），里夫·柯林斯（Reeve Collins）和克雷格·塞拉斯（Craig Sellars）设想了传统的银行和虚拟货币的整合，以创造出不受通货膨胀和通货紧缩运动的美国数字美元。

The main difference in the types of cryptocurrencies as far as Tether is concerned is the total amount of tokens issued, that’s 149.35 billion in circulation and 151.51 billion in total. The stablecoin is different from the other, more stable cryptocurrencies in the sense that it is not confined to its maximum limit, and thus issuance of a larger amount is allowed, if there is demand. The very fact that the above is true underscores Tether’s ability to play a major role as a source of liquidity. However, it also raises the issue about the transparency of reserves and regulatory scrutiny.

就绳索而言，加密货币类型的主要区别在于，发行的代币总数，循环1493.5亿，总共1515.1亿。稳定的稳定性与其他更稳定的加密货币不同，因为它不仅限于其最大限制，因此，如果有需求，则允许发行更大的量。以上是真实的事实，这是纽约市长作为流动性来源的主要作用的能力。但是，这也提出了有关储备金和监管审查的透明度的问题。

As a result of reaching the level of $151.48 billion, the total valuation of the stablecoin is being termed as the fully diluted valuation. The percentage of volume, which takes up 32.39% of the market capitalization, is an obvious indication that USDT has not lost its popularity among traders who need to minimize risks in the crypto universe. Even a marginal daily loss of 0.01% in price could not make Tether something less reliable.

由于达到1514.8亿美元的水平，Stablecoin的总估值被称为完全稀释的估值。占市值的32.39％的数量百分比显然表明，USDT并没有在需要最大程度地减少加密货币宇宙风险的交易者中流失。即使是每日边际损失0.01％的价格也不会使束缚的可靠性变得不那么可靠。

Tether has a huge impact on the digital money market. It is a main part of decentralized finance, where people lend, borrow, and farm yield without much price risk. People also use Tether to move money quickly and cheaply between exchanges like Coinbase and Binance. This makes it easy for people to change crypto into fiat currency, making global payments and remittances more efficient.

Tether对数字货币市场产生了巨大影响。它是分散财务的主要部分，人们在那里借贷，借贷和农业收益率而没有太大的价格风险。人们还利用系绳在Coinbase和Binance等交流之间快速，便宜地赚钱。这使人们可以轻松地将加密货币更改为法定货币，从而使全球付款和汇款更加有效。

However, Tether’s leadership in its field comes with its share of controversies. Critics of the coin doubt the sufficiency of its reserves. They also highlight the history of regulatory probes, which have been carried out to shed light on the matter. The New York Attorney General accused Tether of illegally using customer deposits and settled with penalties without any admission of guilt. In response to these concerns, the company has committed to providing more frequent updates on its reserves and is now preparing to release a quarterly web report.

但是，系托特在其领域的领导层带来了争议。硬币的批评者怀疑其储备的充分性。他们还强调了监管探针的历史，这些探针已被阐明了此事。纽约总检察长指控绳索非法使用客户存款，并以罚款而定居，而无需承认有罪。为了应对这些问题，该公司致力于提供更频繁的储量更新，现在正准备发布季度网络报告。

Despite these challenges, USDT managed to claim a 70% share of the stablecoin market by 2023, significantly outpacing competitors like USD Coin. It is the trust in fundamental things that is most evident, and this was the case in the Silicon Valley Bank crisis in 2023, when USDT maintained its strength amidst the fall of the others. This showcases more clearly that it is a strong shelter for the market in stormy times.

尽管面临这些挑战，但USDT到2023年设法占据了Stablecoin市场的70％份额，大大超过了像USD Coin这样的竞争对手。最明显的是对基本事物的信任，而在2023年硅谷银行危机中就是这种情况，当时USDT在其他人的衰落中保持了力量。这更清楚地表明，这是暴风雨时期市场的强大庇护所。

The method of operation of Tether isn’t elaborately complicated but it certainly is effective. It promises to have enough cash, treasuries, and other assets in its reserves as are the coins that are being circulated. This 1:1 lock ensures that USDT remains close to $1 as well as that the fluctuations in the market occur during periods of very extreme trading, and are usually solved quickly when liquidity gets back to normal.

系绳的操作方法并不是详细复杂，但肯定是有效的。它承诺在储备金中拥有足够的现金，国库和其他资产，就像正在分发的硬币一样。这1：1锁可确保USDT接近1美元，并且市场上的波动发生在非常极端的交易期间，并且通常在流动性恢复正常时会迅速解决。

The stablecoin has managed to engage 350 million individuals from diverse corners of the globe, a testament to its widespread acceptance. Its only drawback is the price volatility, making these coins the ultimate options for the traders who want to sidestep the market crisis. Additionally, it has become a favorite of businesses, most of which are settling international deals, and that is why its utility is known to be the best. Trading can be done through USDT on at least 285 exchanges and 32,668 markets, which makes it more comfortable for both beginners and experts.

Stablecoin已设法与来自全球各个角落的3.5亿个人交往，这证明了其广泛接受。它唯一的缺点是价格波动，使这些硬币成为想要避开市场危机的交易者的最终选择。此外，它已成为企业的最爱，其中大多数是解决国际交易，这就是为什么它的实用程序是最好的。交易可以通过USDT进行至少285个交易所和32,668个市场，这使初学者和专家都更加舒适。

The growth of Tether has been staggering, mirroring the development of the cryptocurrency market itself. Back in 2019, it became even more popular than Bitcoin in terms of trading volume, which indicates that the market was becoming more interested in stability. But the main reason for the market cap to increase is the demand for a stable digital currency that doesn’t have the same ups and downs as physical currency.

系绳的增长令人惊叹，反映了加密货币市场本身的发展。早在2019年，就交易量而言，它变得比比特币更受欢迎，这表明市场对稳定越来越感兴趣。但是，增加市值增加的主要原因是对稳定的数字货币的需求与物理货币没有相同的起伏。

The resilience of Tether’s USDT’s ecosystem can be seen in how the company managed to keep its market share despite

Tether的USDT生态系统的弹性可以在公司如何保持其市场份额