Coinbase 投资 Circle，USDC 治理重组

按市值计算第二大稳定币 USDC 正在酝酿重大变化。 USDC 的发行人 Circle 将接管即将解散的 Center Consortium 的所有治理责任。此次重组是在 SEC 对 USDC 最大平台 Coinbase 提起诉讼之后进行的，旨在将该交易所归类为未注册的证券交易所。 USDC 的市值大幅下跌，目前为 $26B，比去年 7 月的峰值 $56B 下跌了 53%。

USDC Governance Restructured, Coinbase Acquires Equity Stake in Circle

USDC治理重组，Coinbase收购Circle股权

In a significant development within the stablecoin landscape, Centre Consortium, the governing body overseeing the issuance and operations of USDC, the second-largest stablecoin by market capitalization, is set to dissolve.

作为稳定币领域的一项重大发展，负责监督市值第二大稳定币 USDC 发行和运营的管理机构 Center Consortium 即将解散。

On August 21, Centre Consortium, a joint venture between Circle and Coinbase, the leading U.S. cryptocurrency exchange, announced its impending dissolution. Coinbase will acquire an equity stake in Circle, which will assume all responsibilities previously held by Centre.

8 月 21 日，Circle 与美国领先加密货币交易所 Coinbase 的合资企业 Center Consortium 宣布即将解散。 Coinbase 将收购 Circle 的股权，后者将承担此前由 Centre 承担的所有责任。

This restructuring follows growing regulatory clarity for stablecoins both domestically and globally, rendering the need for a separate governance body redundant, as stated in the announcement. Circle will remain the issuer of USDC, bringing all governance and operations in-house.

正如公告中所述，此次重组是在国内和全球对稳定币的监管日益明确之后进行的，这使得建立独立治理机构的必要性变得多余。 Circle 仍将是 USDC 的发行人，将所有治理和运营纳入内部。

Under the new arrangement, Coinbase and Circle will continue to share revenue generated from USDC's reserve assets. Interest earnings will be apportioned based on the amount of USDC held on each platform, with profits derived from broader distribution and usage of USDC split evenly between the two companies.

根据新安排，Coinbase 和 Circle 将继续分享 USDC 储备资产产生的收入。利息收入将根据每个平台持有的 USDC 数量进行分配，USDC 更广泛的分配和使用所产生的利润由两家公司平均分配。

This restructuring occurs shortly after Coinbase initiated legal proceedings to dismiss a lawsuit filed against it by the U.S. Securities and Exchange Commission (SEC) in June. The agency alleges that Coinbase operated as an unlicensed securities exchange, a claim that Coinbase has vowed to contest. The case is seen as a potential catalyst for much-needed regulatory guidance for U.S.-based firms involved in the crypto sector.

此次重组是在 Coinbase 启动法律程序以驳回美国证券交易委员会 (SEC) 6 月份对其提起的诉讼后不久进行的。该机构声称 Coinbase 是一家未经许可的证券交易所，Coinbase 已发誓要对此提出异议。该案被视为对涉足加密行业的美国公司急需的监管指导的潜在催化剂。

In April, Coinbase filed a separate lawsuit against the SEC for failing to provide clear guidelines for the web3 industry despite a formal request for public consultation.

今年 4 月，Coinbase 对 SEC 提起了单独诉讼，称其尽管正式请求公众咨询，但未能为 web3 行业提供明确的指导方针。

USDC Market Trends and Expansion Plans

USDC 市场趋势和扩张计划

The restructuring news coincides with a sustained decline in USDC's market capitalization. According to CoinGecko, the stablecoin's supply has fallen 53% since peaking at $56 billion in July 2022, currently standing at $26 billion.

这一重组消息恰逢 USDC 市值持续下跌。据 CoinGecko 称，自 2022 年 7 月达到峰值 560 亿美元以来，稳定币的供应量已下降 53%，目前为 260 亿美元。

Despite this downtrend, Circle has announced plans to expand USDC's presence across multiple blockchains. Between September and October, USDC is expected to launch on six new networks, bringing the total number of chains offering native USDC support to 15.

尽管出现这种下降趋势，Circle 仍宣布计划扩大 USDC 在多个区块链上的影响力。 9 月至 10 月期间，USDC 预计将在 6 个新网络上推出，使提供原生 USDC 支持的链总数达到 15 个。

While Circle has not disclosed the names of these new chains, the firm previously announced intentions to deploy USDC on Arbitrum, Optimism, Polkadot, Cosmos, and Near. To date, only Arbitrum has been confirmed to host native USDC.

虽然 Circle 尚未透露这些新链的名称，但该公司此前曾宣布打算在 Arbitrum、Optimism、Polkadot、Cosmos 和 Near 上部署 USDC。迄今为止，只有 Arbitrum 已被确认托管本地 USDC。

Coinbase's recently launched Ethereum Layer 2 network, Base, is also a potential contender to host native USDC.

Coinbase 最近推出的以太坊第 2 层网络 Base 也是托管原生 USDC 的潜在竞争者。

The restructuring of USDC governance and expansion onto new blockchains reflects the evolving landscape of the stablecoin industry as it navigates regulatory challenges and seeks to broaden its reach within the decentralized finance ecosystem.

USDC 治理的重组和向新区块链的扩张反映了稳定币行业在应对监管挑战并寻求扩大其在去中心化金融生态系统中的影响力方面不断变化的格局。