USDC 在稳定币的巨大转变中战胜了 Tether

在稳定币格局的重大转变中，Circle 的美元代币 (USDC) 在交易量方面取得了胜利，于 2024 年 4 月超过了卫冕之王 Tether (USDT)。尽管 Tether 的市值为 1,100 亿美元，但 Visa 的链上分析显示 USDC 处理了令人瞩目的交易量。交易额达 4560 亿美元，与 Tether 的 890 亿美元相比增长了 400%。这一发展标志着 USDC 的显着崛起，自 2023 年底以来，USDC 一直在稳步发展。

USDC's Triumph Over Tether: A Seismic Shift in the Stablecoin Realm

USDC 战胜 Tether：稳定币领域的巨大转变

The unwavering dominance of Tether (USDT) as the preeminent stablecoin has been challenged by a formidable contender. Circle's USD Coin (USDC) has emerged victorious, eclipsing Tether in terms of transaction volume in April 2024, a remarkable revelation unearthed by on-chain analytics from payments behemoth Visa.

Tether（USDT）作为卓越稳定币的坚定统治地位受到了强大竞争者的挑战。 Circle 的美元代币 (USDC) 在 2024 年 4 月的交易量方面取得了胜利，超越了 Tether，这是支付巨头 Visa 的链上分析发现的一个引人注目的结果。

This development represents a tectonic shift in the stablecoin panorama. While Tether retains an awe-inspiring market capitalization exceeding $110 billion, USDC, with its valuation of $33 billion, has surged to the forefront as the more actively traded stablecoin.

这一发展代表了稳定币格局的结构性转变。尽管 Tether 的市值仍然超过 1100 亿美元，令人惊叹，但 USDC 的估值高达 330 亿美元，作为交易更为活跃的稳定币，已跃居前列。

Visa's data unveils USDC's extraordinary transaction volume of $456 billion last week – a staggering 400% increase – in stark contrast to Tether's $89 billion.

Visa 的数据显示，USDC 上周的交易量达到 4560 亿美元，增幅高达 400%，与 Tether 的 890 亿美元形成鲜明对比。

USDC's Ascendance: A Calculated Climb

USDC 的崛起：一次有计划的攀登

USDC's triumph is not a mere passing fancy but rather the culmination of a strategic campaign that has steadily eroded Tether's supremacy since late 2023. Visa's analysis reveals that USDC's monthly transactions exceeded Tether's for the first time in December 2023, with 145 million transactions compared to Tether's 127 million. The April figures cement this trend, with USDC registering an impressive 166 million transactions against Tether's 164 million.

USDC 的胜利不仅仅是一时的幻想，而是一场战略战役的高潮，这场战略战役自 2023 年底以来一直在稳步侵蚀 Tether 的霸主地位。 Visa 的分析显示，USDC 的月交易量在 2023 年 12 月首次超过 Tether，与 Tether 相比，USDC 的月交易量为 1.45 亿笔1.27亿。 4 月份的数据巩固了这一趋势，USDC 的交易量为 1.66 亿笔，而 Tether 的交易量为 1.64 亿笔。

Analysts attribute USDC's meteoric rise to a confluence of factors. Enhanced regulatory scrutiny surrounding Tether's reserves, coupled with lingering concerns over its transparency, may have driven users towards USDC, perceived as a more regulated and auditable stablecoin.

分析师将 USDC 的迅速崛起归因于多种因素的综合作用。对 Tether 储备的监管审查加强，加上对其透明度挥之不去的担忧，可能促使用户转向 USDC，因为 USDC 被认为是一种受到更严格监管和可审计的稳定币。

Additionally, USDC's strategic partnership with Visa has played a pivotal role. In April, Visa introduced a stablecoin analytics dashboard that prominently features USDC alongside other leading stablecoins. This enhanced visibility has likely drawn new users to the platform.

此外，USDC 与 Visa 的战略合作伙伴关系也发挥了关键作用。今年 4 月，Visa 推出了稳定币分析仪表板，其中突出显示了 USDC 以及其他领先的稳定币。这种增强的可见性可能吸引了新用户到该平台。

Tether Clings to its Crown (For Now)

Tether 紧握其王冠（目前）

Despite USDC's impressive surge in transaction volume, Tether remains the undisputed king in terms of market capitalization. Its $110 billion dwarf's USDC's $33 billion, indicating significantly higher cumulative value of outstanding coins. This suggests that Tether is still the preferred store of value for many crypto investors, even if it is not actively traded as frequently.

尽管 USDC 的交易量激增，但 Tether 仍然是无可争议的市值之王。其 1100 亿美元的规模使 USDC 的 330 亿美元相形见绌，这表明未偿代币的累计价值明显更高。这表明 Tether 仍然是许多加密货币投资者的首选价值储存手段，即使它的交易不那么频繁。

Furthermore, Tether boasts a significantly larger user base. While USDC processed more transactions in April, Tether recorded activity from over 34 million unique wallets compared to USDC's 9.57 million. This suggests that Tether is utilized for more significant transactions or by a broader spectrum of individuals, while USDC caters to a more active trading community.

此外，Tether 拥有更大的用户群。虽然 USDC 在 4 月份处理了更多交易，但 Tether 记录了超过 3400 万个独立钱包的活动，而 USDC 的交易量为 957 万个。这表明 Tether 用于更重要的交易或更广泛的个人，而 USDC 则迎合更活跃的交易社区。

The Future of Stablecoins: A Two-Horse Race?

稳定币的未来：两匹马的竞赛？

The contest between USDC and Tether is far from reaching its conclusion. USDC's recent triumph in transaction volume underscores its growing influence within the crypto ecosystem. However, Tether's established user base and market cap dominance imply that it will not relinquish its position without a fierce fight.

USDC 和 Tether 之间的较量还远没有结束。 USDC 最近在交易量方面的胜利凸显了其在加密生态系统中日益增长的影响力。然而，Tether 既定的用户基础和市值主导地位意味着，如果不经过激烈的战斗，它不会放弃自己的地位。

The evolution of regulatory frameworks and user preferences for transparency and security will likely play pivotal roles in shaping the future of stablecoins. Whether USDC can maintain its momentum and challenge Tether's market cap advantage, or if Tether can reclaim its transaction volume lead, remains an uncharted territory.

监管框架的演变以及用户对透明度和安全性的偏好可能会在塑造稳定币的未来方面发挥关键作用。 USDC 能否保持势头并挑战 Tether 的市值优势，或者 Tether 能否重新夺回交易量领先地位，仍然是一个未知领域。

The battle between these stablecoin powerhouses is a compelling saga that will undoubtedly continue to unfold in the ever-evolving digital currency landscape.

这些稳定币巨头之间的战斗是一场引人注目的传奇，毫无疑问，它将在不断发展的数字货币格局中继续上演。