Bridge 是由前 Square 和 Coinbase 高層共同創立的穩定幣支付網絡，從紅杉、Ribbit 和 Index 籌集了 5,800 萬美元

Bridge 旨在創建一個以穩定幣為中心的全球支付網絡，以與信用卡和 Swift 等現有支付方式競爭。

Bridge, a global stablecoin payment network, has secured $58 million in funding from investors including Sequoia, Ribbit, and Index.

全球穩定幣支付網路 Bridge 已從紅杉、Ribbit 和 Index 等投資者那裡獲得了 5,800 萬美元的資金。

The company, founded by former Square and Coinbase executives Zach Abrams and Sean Yu, aims to create a worldwide payment network centered around stablecoins to compete with established payment methods like credit cards and Swift.

該公司由前 Square 和 Coinbase 高管 Zach Abrams 和 Sean Yu 創立，旨在創建一個以穩定幣為中心的全球支付網絡，以與信用卡和 Swift 等現有支付方式競爭。

According to reports, Abrams and Yu left their respective roles at Square and Coinbase in 2023 to pursue their goal of making stablecoins the “new global payments rail.”

據報道，Abrams 和 Yu 於 2023 年辭去了各自在 Square 和 Coinbase 的職務，以追求讓穩定幣成為「新的全球支付軌道」的目標。

“Fintech is deeply rational. If you can do something faster, cheaper, and more economical, you win,” Abrams told Fortune in an interview.

「金融科技是非常理性的。如果你能做得更快、更便宜、更經濟，你就贏了。

The $58 million fundraising round includes a previously undisclosed $40 million investment led by Sequoia and Ribbit.

這輪 5,800 萬美元的融資包括由紅杉資本和 Ribbit 領投的 4,000 萬美元投資，此前未公開。

With $58 million in financing, Bridge hopes to broaden its customer base and enhance its stablecoin offerings. The company has already started forming strategic alliances, including one with Bitso to use stablecoins to facilitate cross-border payments between businesses in Latin America.

Bridge 希望透過 5,800 萬美元的融資擴大其客戶群並增強其穩定幣產品。該公司已經開始組建策略聯盟，其中包括與 Bitso 合作，使用穩定幣促進拉丁美洲企業之間的跨境支付。

Integrating stablecoin transactions into financial systems

將穩定幣交易整合到金融體系中

Bridge’s platform aims to facilitate incorporating stablecoin transactions into existing financial systems. The organization’s two main services are issuance and orchestration.

Bridge 的平台旨在促進將穩定幣交易納入現有的金融系統。該組織的兩項主要服務是發行和編排。

The Orchestration service offers APIs that make it simple for customers to convert between several dollar forms, including USD, EUR, USDC, PYUSD, and USDT. This service guarantees minimal costs, quick settlements, easy cross-border payments, and currency conversions.

Orchestration 服務提供 API，讓客戶可以輕鬆地在多種美元形式之間進行轉換，包括美元、歐元、USDC、PYUSD 和 USDT。該服務保證最低成本、快速結算、輕鬆跨境支付和貨幣兌換。

“We built Bridge as a low-level set of APIs that would enable companies to use a stablecoin rail without thinking about it,” Abrams states.

Abrams 表示：“我們將 Bridge 構建為一組低級 API，使公司能夠不假思索地使用穩定幣。”

However, developers may create a bespoke stablecoin by converting these currency types using the Issuance API. This adaptability enables companies to provide digital dollar-based services catered to their requirements.

然而，開發人員可以透過使用發行 API 轉換這些貨幣類型來創建客製化的穩定幣。這種適應性使公司能夠提供滿足其需求的基於數位美元的服務。

Bridge wants to enable businesses to easily incorporate stablecoins into their operations with the help of these services, making payment systems more effective and affordable.

Bridge 希望藉助這些服務，企業能夠輕鬆地將穩定幣納入其營運中，從而使支付系統更加有效且經濟實惠。

The rise of stablecoins

穩定幣的崛起

Stablecoins have grown tremendously over the last two years; Tether, the market leader, is valued at over $118 billion, while USDC is valued at $34 billion.

過去兩年，穩定幣取得了巨大的成長；市場領導者 Tether 的估值超過 1,180 億美元，而 USDC 的估值為 340 億美元。

However, the asset class has also had to deal with events that have raised doubts about whether it is “stable.”

然而，該資產類別也不得不應對引發對其是否「穩定」質疑的事件。

The collapse of TerraUSD in 2022—a so-called algorithmic stablecoin that relied on a correlated cryptocurrency rather than a fiat reserve to maintain its $1 peg—sparked a larger crypto crisis that resulted in congressional hearings and regulatory probes.

TerraUSD 於2022 年崩潰，這是一種所謂的演算法穩定幣，依靠相關加密貨幣而不是法定儲備來維持與1 美元掛鉤，引發了一場更大規模的加密貨幣危機，引發了國會聽證會和監管調查。

As it was revealed that its issuer, Circle, had placed billions of dollars worth of reserves with the failing Silicon Valley Bank in 2023, USDC momentarily lost its peg on secondary markets. However, USDC swiftly rebounded as it was revealed that the FDIC would guarantee the bank’s deposits.

據透露，其發行人 Circle 在 2023 年向破產的矽谷銀行存入了價值數十億美元的準備金，USDC 暫時失去了與二級市場的掛鉤。然而，隨著有消息稱 FDIC 將為該銀行的存款提供擔保，USDC 迅速反彈。

Stablecoins have recovered despite the challenges and the ongoing absence of federal legislation that would regulate the emerging industry.

儘管面臨挑戰並且持續缺乏監管新興行業的聯邦立法，但穩定幣已經復甦。

However, it needs to be determined how much of the volume is generated by actual users instead of bots and large-scale dealers.

然而，需要確定有多少交易量是由實際用戶而不是機器人和大型經銷商產生的。

While certain TradFi firms, like Stripe, have started to incorporate USDC into their services, other companies, including PayPal and VanEck, have introduced or supported their stablecoins.

雖然某些 TradFi 公司（如 Stripe）已開始將 USDC 納入其服務中，但其他公司（包括 PayPal 和 VanEck）已推出或支援其穩定幣。