美国财政部预测，到2028年，Stablecoin市场将达到$ 2T

根据其第1季度的2025年报告，美国财政部预计到2028年，Stablecoin市场将达到2万亿美元。

The US Treasury is bullish on the prospects of the stablecoin market, especially with new regulations on the horizon. According to the Q1 2025 report by the Treasury Borrowing Advisory Committee (TBAC), the Treasury expects the stablecoin market to reach $2 trillion by 2028.

美国财政部对稳定市场的前景看涨，尤其是随着新法规的发展。根据国库借贷咨询委员会（TBAC）的第一季度2025年第一季度，财政部预计，稳定市场将到2028年达到2万亿美元。

This projection considers the changing market structures, new regulatory incentives, and persistent strong demand for dollar-pegged digital assets.

该预测考虑了不断变化的市场结构，新的监管激励措施以及对美元固定数字资产的强劲需求。

As of April 2025, the total stablecoin market cap stands at about $234 billion. The Treasury noted that 99% of this market is dominated by USD-pegged stablecoins.

截至2025年4月，Stablecoin市值的总数约为2340亿美元。财政部指出，这个市场的99％由美元固定的稳定股主导。

The projected increase to $2 trillion would represent an eightfold rise within three years.

预计将增加到2万亿美元将在三年内增长八倍。

New regulatory expectations would require stablecoin issuers to hold reserves in short-term US Treasury bills. This factor would tie the expansion of stablecoins more directly to the US debt market and T-bill demand.

新的监管期望将要求Stablecoin发行人在短期美国财政账单中持有储备。这个因素将更直接地将Stablecoins的扩展与美国债务市场和T-Bill需求联系起来。

The TBAC report is prepared by a committee of financial experts who provide advice to the Treasury on government borrowing. The report's findings are regularly used by the administration in making key financial decisions.

TBAC报告是由财务专家委员会准备的，他们向财政部提供有关政府借款的建议。该报告的调查结果被政府定期用于做出关键的财务决策。

Earlier this year, the House Financial Services Committee voted to advance a bill that would create a new regulatory framework for stablecoins.

今年早些时候，众议院金融服务委员会投票提出一项法案，该法案将为Stablecoins创建新的监管框架。

The bipartisan legislation, known as the "Stablecoin TEFRA" bill, would place stablecoin issuers under the supervision of the Federal Reserve and require them to maintain full capital reserves in short-term US Treasury bills or other high-quality debt.

两党立法被称为“ Stablecoin tefra”法案，将置于美联储的监督下，并要求他们在美国短期美国国债或其他高质量债务中维持全部资本储备。

It is still unclear when the Senate will vote on the bill.

目前尚不清楚参议院何时会对该法案进行投票。

Tether Plans US-Only Stablecoin by 2026

系绳计划到2026

In a recent development, Tether CEO Paolo Ardoino confirmed that the firm is discussing the launch of a US-only stablecoin.

在最近的发展中，系绳首席执行官Paolo Ardoino确认该公司正在讨论仅美国稳定的稳定的推出。

The new product could be released by the end of 2025 or in early 2026, depending on regulatory progress.

新产品可以在2025年底或2026年初发布，具体取决于监管进度。

“We are just exporters of what we believe to be the best product the United States ever created—that is, the US dollar,” Ardoino said in an interview.

阿多利诺在接受采访时说：“我们只是我们认为是美国有史以来最好的产品的出口商，即美元。”

Tether is the issuer of USDT, the largest stablecoin with over 60% market share.

Tether是USDT的发行人，USDT是最大的Stablecoin，市场份额超过60％。

This announcement follows reports that the Trump administration is considering ways to use stablecoins as financial tools for expanding US influence in crypto markets.

该公告遵循报道说，特朗普政府正在考虑使用稳定币作为扩大美国加密市场影响力的财务工具的方法。

As of April 2025, the total crypto market cap stands at around $2 trillion.

截至2025年4月，加密货币市值的总计约为2万亿美元。

The administration is also expected to make a decision soon on a proposed stablecoin. Earlier this year, the House Financial Services Committee voted to advance a bill that would create a new regulatory framework for stablecoins.

预计政府将很快就拟议的Stablecoin做出决定。今年早些时候，众议院金融服务委员会投票提出一项法案，该法案将为Stablecoins创建新的监管框架。

The bipartisan legislation, known as the "Stablecoin TEFRA" bill, would place stablecoin issuers under the supervision of the Federal Reserve and require them to maintain full capital reserves in short-term US Treasury bills or other high-quality debt.

两党立法被称为“ Stablecoin tefra”法案，将置于美联储的监督下，并要求他们在美国短期美国国债或其他高质量债务中维持全部资本储备。

It is still unclear when the Senate will vote on the bill.

目前尚不清楚参议院何时会对该法案进行投票。

However, the House bill faces an uphill battle in the Senate, where Democrats are expected to push for stricter regulations on stablecoins.

但是，众议院法案在参议院面临着一场艰苦的战斗，预计民主党人将推动对稳定的法规进行更严格的法规。

USDT Market Cap Surges Ahead of US Dollar Supply

USDT市值飙升至美元供应

A chart from TradingView compared the market cap of USDT with the US dollar in circulation.

TradingView的图表将USDT的市值与美元流通进行了比较。

The USDT supply (blue line) has grown rapidly since November 2023. In contrast, the US currency in circulation (red line) has remained nearly flat throughout this period.

自2023年11月以来，USDT供应（蓝线）迅速增长。相比之下，在此期间，美国流通货币（红线）几乎保持平坦。

The data shows the staggering increase in USDT, highlighting the strong demand for dollar-pegged stablecoins in digital finance.

数据表明，USDT的惊人增加，强调了对数字融资中对美元固定的稳定股的强劲需求。

The chart highlights the rapidly growing role of stablecoins in the new digital economy.

该图表强调了Stablecoins在新数字经济中的迅速增长。