比特幣的搖滾明星，但Stablecoins是美國的隱身工具，可鎖定全球財務力量

截至2025年4月，加密市場的擁有約3萬億美元，比特幣價格交易為83,487美元。然而，在嗡嗡聲下

In the dynamic landscape of digital assets, Bitcoin has undeniably captured the limelight, with its April 2025 price at $83,487 and a peak of $108,000 in January 2025, reaching the apex of the crypto market.

在數字資產的動態景觀中，比特幣無可否認地捕捉到了眾人矚目的焦點，其2025年4月的價格為83,487美元，2025年1月的峰值達到了108,000美元，達到了加密貨幣市場的頂點。

However, while Bitcoin's price fluctuations and market dominance are widely discussed, another class of crypto tokens has been silently amassing an impressive market share—stablecoins.

但是，儘管廣泛討論了比特幣的價格波動和市場優勢，但另一類的加密代幣一直在默默地積累了令人印象深刻的市場份額 - 穩定的。

Stablecoins, which maintain a stable value pegged to the U.S. dollar, have achieved a collective market cap of over $200 billion as of April 2025, in stark contrast to Bitcoin's price movements and market share.

截至2025年4月的穩定價值與美元保持穩定的價值超過2000億美元，與比特幣的價格變動和市場份額形成鮮明對比的是，穩定的價值超過2000億美元。

This places them as a key factor in the U.S. strategy for maintaining financial power in a rapidly changing technological landscape.

這將它們作為美國在快速變化的技術格局中維持財務能力的戰略的關鍵因素。

The Role of Stablecoins

Stablecoins的作用

Stablecoins, such as Tether (USDT) and USD Coin (USDC), are designed to keep their value stable in relation to fiat currencies, typically the dollar.

Stablecoins（例如Tether（USDT）和USD Coin（USDC））旨在保持其價值與法定貨幣（通常為美元）相對於菲亞特貨幣。

This characteristic contrasts with Bitcoin's price volatility, rendering stablecoins more useful for everyday transactions and less risky for merchants.

這種特徵與比特幣的價格波動形成了鮮明的對比，使穩定的人對日常交易更有用，而對商人的風險較小。

Their stability and utility have led to a surge in popularity among traders seeking a haven in the turbulent crypto market, further propelling the total market cap of stablecoins to over $200 billion by April 2025.

它們的穩定性和效用導致在動蕩的加密市場中尋求避風港的貿易商中的流行激增，進一步推動了穩定的穩定市值到2025年4月，超過2000億美元。

Moreover, in nations like Venezuela and Argentina, which have experienced severe inflation and currency devaluation, stablecoins have become an essential tool for citizens to retain savings and make daily purchases.

此外，在委內瑞拉和阿根廷等國家經歷了嚴重的通貨膨脹和貨幣貶值的國家，Stablecoins已成為公民保留儲蓄並進行日常購買的重要工具。

As highlighted by Andreessen Horowitz, stablecoins facilitate nearly instantaneous and low-cost international transactions, in stark contrast to traditional methods, which involve high fees and multiple intermediaries.

正如安德烈·霍洛維茨（Andreessen Horowitz）所強調的那樣，穩定劑促進了幾乎瞬時和低成本的國際交易，與傳統方法形成鮮明對比的是，涉及高費用和多個中介機構。

This real-world application underscores the potential of stablecoins to revolutionize the financial landscape.

這項現實世界的應用突顯了穩定菌的潛力徹底改變金融景觀。

The U.S. Government's Role

美國政府的角色

The U.S. government is keenly aware of the implications of stablecoins and is actively shaping the regulatory framework to promote their growth.

美國政府敏銳地意識到了穩定劑的含義，並正在積極塑造監管框架以促進其增長。

During an April 14, 2025, chat with Anthony Pompliano, Bo Hines, Executive Director of Digital Assets, hinted at the administration's strategy.

在2025年4月14日，與數字資產執行董事Bo Hines與Anthony Pompliano聊天，暗示了政府的戰略。

Hines stated that stablecoins could be instrumental in sustaining the dollar's global hegemony, a point to which both parties in Congress seemed to be attentive.

Hines表示，Stablecoins可能有助於維持美元的全球霸權，這是國會雙方似乎都注意到這一點。

This initiative is part of a broader effort by the Trump administration to quickly implement policies clarifying tokenization, staking, and other crypto domains, aiming to establish the U.S. as the preeminent global crypto hub.

這項倡議是特朗普政府更廣泛努力的一部分，以迅速執行政策，以闡明令牌化，積分和其他加密貨幣領域，旨在將美國確立為全球傑出的全球加密樞紐中心。

The administration is focused on constructing rules and systems that would encourage the expansion of dollar-pegged stablecoins, especially in comparison to China's rapidly developing digital yuan.

政府專注於構建規則和系統，這些規則和製度將鼓勵擴大美元的穩定穩定劑，尤其是與中國迅速發展的數字人民幣相比。

This aligns with the International Monetary Fund (IMF), which, in a recent report, highlighted that stablecoins could slash remittance costs by 50%.

這與國際貨幣基金（IMF）一致，該基金在最近的一份報告中強調說，穩定幣可能會將匯款成本削減50％。

Such a reduction would directly benefit migrants' wallets and heighten the dollar's influence in global trade, ultimately aiding the U.S. in maintaining its financial standing on the world stage.

這種減少將直接受益於移民的錢包，並增強美元在全球貿易中的影響力，最終幫助美國在世界舞台上保持其財務狀況。

Bitcoin's price at the beginning of April 2025 was $83,487, having reached a peak of $108,000 in January 2025.

2025年4月初，比特幣的價格為83,487美元，在2025年1月達到了108,000美元的高峰。

While Bitcoin has certainly captured attention with its wild price swings, it might not be the best bet for daily use, especially considering its high price point.

雖然比特幣肯定會因其野生價格波動而引起了人們的關注，但它可能不是日常使用的最佳選擇，尤其是考慮到其高價點。

In contrast, stablecoins, which are pegged to the U.S. dollar, offer stability and are valued at around $1, provide a more practical and cost-effective solution for everyday transactions.

相比之下，固定在美元固定的穩定幣提供穩定性，價值約為1美元，為日常交易提供了更實際且具有成本效益的解決方案。

Stablecoins combine the swiftness of blockchain technology with the dependability of the dollar, rendering them ideal for seamless payments, as opposed to Bitcoin, which is more commonly held as an investment or store of value.

Stablecoins將區塊鏈技術的迅速發展與美元的可靠性相結合，使它們非常適合無縫支付，而不是比特幣，而比特幣通常是作為價值的投資或存儲。

This property of stablecoins is crucial for cross-border money transfers, which are typically slow and expensive with traditional banking methods, as the IMF in its 2024 report attests.

Stablecoins的這一屬性對於跨境貨幣轉移至關重要，通常使用傳統的銀行方式來緩慢且昂貴，就像IMF在2024年報告中所證明的那樣。

This is where stablecoins come in, offering a more efficient and less costly alternative, especially for merchants and migrants sending money back home.

這是Stablecoins進來的地方，提供了更高效，更不昂貴的替代方案，尤其是對於商人和移民匯款回家。

The implications of this shift are significant, especially in the context of the U.S. government's active role in shaping the regulatory landscape for cryptocurrencies.

這一轉變的含義是重要的，尤其是在美國政府在塑造加密貨幣的監管景觀方面的積極作用的背景下。

With the administration aiming to position the U.S. as the leading global crypto hub, the focus on stablecoins appears to be a strategic move.

由於政府的目標是將美國定位為主要的全球加密樞心樞紐，因此對Stablecoins的關注似乎是一項戰略舉動。

The administration is cognizant of the issues surrounding Tether and the scrutiny it has faced regarding the adequacy of its reserves to fully back outstanding tokens.

政府意識到圍繞林區的問題及其在儲備中充分支持傑出令牌的適當性所面臨的審查。

This lack of transparency has been a subject of contention among regulators. However, the U.S. is keenly aware of the need for a robust regulatory framework to foster trust and confidence in the cryptocurrency market.

這種缺乏透明度一直是監管機構中爭論的主題。但是，美國敏銳地意識到需要建立強大的監管框架來促進對加密貨幣市場的信任和信心。