本文的标题应为“ coinbase，paypal和Visa，以从稳定法中受益”

这项即将到来的美国稳定法案规定了全面的储备，这可能会使像Coinbase这样的符合规定的Stablecoin发行人受益。

The U.S. House Financial Services Committee has passed the STABLE Act, which provides a legal framework for stablecoins in the U.S. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

美国众议院金融服务委员会通过了《稳定法》，该法案为美国的稳定币提供了一个法律框架，目的是保护硬币持有人，确保发行人的透明度，并加强美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些规定要求全额储备金或美国国债，也禁止向持有人支付利息。同时，Stablecoin发行人必须是经货币审计长美国办公室监管的公司的许可银行，已批准的州信托或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根据区块链分析公司Nansen的最新报告，这些规定表明，如果稳定法案通过，则已经专注于合规性立场的实体将获得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的赢家可能是Circle USDC Stablecoin的主要分销商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已经与美国监管机构正在寻找的东西紧密相符。更重要的是，Circle以其透明度而闻名，并通过了对欧盟严格的云母调节的测试。结果，USDC主导基于欧元的Stablecoin发行。

The STABLE Act provides a legal framework for stablecoins in the U.S. Its goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

稳定法案为美国的稳定币提供了一个法律框架，其目标是保护硬币持有人，确保发行人的透明度并加强美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些规定要求全额储备金或美国国债，也禁止向持有人支付利息。同时，Stablecoin发行人必须是经货币审计长美国办公室监管的公司的许可银行，已批准的州信托或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根据区块链分析公司Nansen的最新报告，这些规定表明，如果稳定法案通过，则已经专注于合规性立场的实体将获得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的赢家可能是Circle USDC Stablecoin的主要分销商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已经与美国监管机构正在寻找的东西紧密相符。更重要的是，Circle以其透明度而闻名，并通过了对欧盟严格的云母调节的测试。结果，USDC主导基于欧元的Stablecoin发行。

According to the report, U.S. stablecoin regulation is poised to have a significant impact on issuers.

根据该报告，美国Stablecoin法规有望对发行人产生重大影响。

The report highlights the likely winners and losers of the new legislation. Among the biggest winners are compliant issuers such as Coinbase (NASDAQ:COIN), PayPal (NASDAQ:PYPL), and Visa (NYSE:V).

该报告强调了新立法的赢家和失败者。最大的获奖者包括合规发行人，例如Coinbase（NASDAQ：COIN），PayPal（NASDAQ：PYPL）和Visa（NYSE：V）。

On April 2, the U.S. House Financial Services Committee passed the STABLE Act, which provides comprehensive regulation for stablecoins. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

4月2日，美国众议院金融服务委员会通过了《稳定法》，该法案为Stablecoins提供了全面的法规。目的是保护硬币持有人，确保发行人的透明度并加强美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些规定要求全额储备金或美国国债，也禁止向持有人支付利息。同时，Stablecoin发行人必须是经货币审计长美国办公室监管的公司的许可银行，已批准的州信托或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根据区块链分析公司Nansen的最新报告，这些规定表明，如果稳定法案通过，则已经专注于合规性立场的实体将获得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的赢家可能是Circle USDC Stablecoin的主要分销商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已经与美国监管机构正在寻找的东西紧密相符。更重要的是，Circle以其透明度而闻名，并通过了对欧盟严格的云母调节的测试。结果，USDC主导基于欧元的Stablecoin发行。