美国财政部长宣布，固定的Stablecoins的市值为2万亿美元，不仅可行 -

2025年6月11日，美国财政部长斯科特·贝森特（Scott Bessent）宣布，美元 - 笨拙的stablecoins的2万亿美元市值不仅是可行的，而且还可以。

U.S. Treasury Secretary Scott Bessent has stated that a $2 trillion market capitalization for U.S. dollar-pegged stablecoins is not only feasible, but also within reach.

美国财政部长斯科特·贝斯特（Scott Bessent）表示，美元固定的稳定股票不仅可行，而且还可以达到2万亿美元的市值。

Speaking at the White House Crypto Summit, Bessent argued that a predictable regulatory framework would catalyze adoption, fuel broader capital inflows, and reinforce the global dominance of the U.S. dollar.

Bessent在白宫加密峰会上发表讲话时辩称，可预测的监管框架将催化采用，助长更广泛的资本流入并增强美元的全球优势。

“We have a real shot at seeing $2 trillion in stablecoins by 2028,” Bessent said.

Bessent说：“到2028年，我们看到了2万亿美元的2万亿美元。”

“That will put them on par with the world’s largest asset class—no small feat considering where stablecoins started just a few years ago.”

“这将使他们与世界上最大的资产类别相提并论 - 考虑到几年前Stablecoins在哪里开始的情况，没有小壮举。”

Explode As Treasury Demand Surges

随着财政需求激增的爆炸

The stablecoin market, presently valued at roughly $247 billion as of May 2025, has surged more than 50% year-over-year.

截至2025年5月，目前价值约2470亿美元的Stablecoin市场飙升了50％以上。

New supply jumped by over $30 billion in Q1 2025 alone, hitting record highs even while broader crypto markets remained subdued as reported by BitKE.

仅在2025年第1季度，新的供应量就会增长超过300亿美元，即使比特克（Bitke）报道，即使更广泛的加密货币市场仍然疲惫不堪，即使更广泛的加密货币市场仍然达到创纪录的高点。

MILESTONE | #Stablecoin Supply Skyrockets by $30B in Q1 2025 Reaching New All-Time Highs – #Ethereum Remains the Epicenter

里程碑| #StableCoin Supply Skyrockets在Q1 2025中达到30B $ 30B，到达新的历史最高点 - #Ethereum仍然是震中

Ethereum processed over $3 trillion in stablecoin transactions on its mainnet in Q1 2025 alone.https://t.co/yYw5KP11os

以太坊仅在Q1 2025上的Mainnet上处理超过3万亿美元的Stablecoin交易。

— BitKE (@BitcoinKE) April 5, 2025

- 战斗（@bitcoinke）2025年4月5日

Ethereum remains the epicenter of stablecoin activity, processing more than $3 billion in stablecoin transactions in just the first quarter of 2025. The number of unique stablecoin addresses on the chain surpassed 200,000 in March 2025.

以太坊仍然是Stablecoin活动的中心，在2025年的第一季度处理了超过30亿美元的Stablecoin交易。该连锁店在链条上的独特Stablecoin地址的数量超过了2025年3月。

Global Use Cases: From Trading to Everyday Payments

全球用例：从交易到日常付款

Originally tools for crypto-trading (still accounting for around 88% of stablecoin use), these digital dollars are now breaking into real-world payments and remittances.

这些数字美元最初用于加密交易的工具（仍占使用Stablecoin的88％），现在正在付款现实的付款和汇款。

In emerging markets – especially across Africa, Latin America, and South Asia – stablecoins have become a vital alternative to unstable local fiat. As documented by BitKE, they represent nearly half of crypto usage in regions like Nigeria, Ethiopia, Ghana, and South Africa – at times making up ~43% of all crypto transaction volume in sub-Saharan Africa.

在新兴市场，尤其是整个非洲，拉丁美洲和南亚的市场中，Stablecoins已成为不稳定当地菲亚特的重要替代品。正如Bitke所记录的那样，它们代表了尼日利亚，埃塞俄比亚，加纳和南非等地区的几乎一半的加密货币，有时占撒哈拉以南非洲所有加密交易量的约43％。

Institutions Are Key As Legislators Push For Liquid, Fully Backed Reserves

机构是关键，因为立法者推动液体，全支持储量

Stablecoin issuers like Tether and Circle now hold over $166 billion in U.S. Treasuries—primarily short-term bills.

Tether和Circle等Stablecoin发行人现在在美国国债中持有超过1660亿美元的票据，这是主要的短期账单。

Legislative efforts, such as the U.S. Senate’s “GENIUS Act,” would cement a requirement for these reserves to be liquid and fully backed—encouraging issuers to increase their Treasury holdings.

立法努力，例如美国参议院的“天才法案”，将巩固这些储备为液体和完全支持的要求，以增加发行人来增加其财政部持股。

Analysts now forecast stablecoin growth to reach the $2 trillion mark by 2028, largely driven by regulatory clarity propelling adoption and Treasury demand. JP Morgan even suggests stablecoin issuers could rank among the top three purchasers of Treasury bills in just a few years.

分析师现在预测，到2028年，Stablecoin的增长将达到2万亿美元的大关，这在很大程度上是由监管清晰度推动采用和财政需求的驱动。 JP Morgan甚至建议Stablecoin发行人在短短几年内就可以跻身国库券的前三名。

While proponents envision a stablecoin-backed surge in government debt demand, analysts warn that rapid sell-offs—perhaps triggered by a confidence crisis—could depress Treasury prices and disrupt both bond and banking markets.

尽管支持者设想政府债务需求中有坚定的支持的激增，但分析师警告说，迅速抛售（也许是由信心危机引发的）可能会降低债券价格并破坏债券和银行市场。

Exploding Growth But Illicit Use Remains A Concern

爆炸增长，但非法使用仍然是一个关注的问题

Along with explosive growth and real-world utility come well-known risks. Chainalysis reports that in 2024, over 60% of illicit crypto activity used stablecoins, making them a focal point for money-laundering and darknet markets.

随着爆炸性增长和现实世界的效用，众所周知的风险。 Chainalysis报道说，2024年，超过60％的非法加密活动使用了Stablecoins，使其成为洗钱和暗网市场的焦点。

The largest stablecoin, Tether (USDT), remains prominent—holding more than $114 billion in circulation—but has drawn regulatory scrutiny over reserve insufficiencies, culminating in a $41 million fine.

最大的Stablecoin Tether（USDT）仍然是突出的 - 持有超过1,140亿美元的发行量 - 但对储备金不足进行了监管审查，最终以4100万美元的罚款。

Path To $2 Trillion

达到2万亿美元的道路

Several powerful forces are converging to push stablecoins toward Bessent’s target:

几个强大的力量正在融合，将Stablecoins推向Bessent的目标：

* U.S. administrative bodies, such as the Treasury Department and the Securities and Exchange Commission, have largely completed their regulatory frameworks for cryptocurrencies.

*美国行政机构，例如财政部和证券交易委员会，在很大程度上完成了其加密货币的监管框架。

* These rules are designed to encourage innovation while safeguarding financial stability—a balance that has taken time to achieve.

*这些规则旨在鼓励创新，同时维护财务稳定性，这一平衡需要花费时间才能实现。

* As institutions gain familiarity with digital assets and relevant legislation is finalized, broader capital is expected to flow into the space.

*随着机构对数字资产的熟悉和相关立法的最终确定，预计更广泛的资本将流入该空间。

* A surge in institutional capital will be key to propelling stablecoins toward the $2 trillion market capitalization that Bessent foresees.

*机构资本的激增将是推动稳定的人的关键。

* Moreover, these funds will largely channel into U.S. credit markets, converging with the broader macro landscape.

*此外，这些资金将在很大程度上引入美国信贷市场，并与更广泛的宏观景观融合。

Bessent’s bold statement isn’t mere rhetoric—it reflects a tangible trajectory. Stablecoins have evolved from a niche trading convenience into a robust financial infrastructure with global reach. Anchored by institutional capital, bolstered by clear regulation, and entrenched in everyday finance, they are poised to become a $2 trillion asset class.

Bessent的大胆陈述不仅仅是修辞 - 它反映了有形的轨迹。 Stablecoins已经从利基交易的便利发展转变为具有全球范围的强大金融基础设施。由机构资本的基础，受到明确的监管的支持，并在日常财务中根深蒂固，他们有望成为2万亿美元的资产类别。

Still

仍然