CoinGecko：商品支持的穩定幣市值增加了 18.1%，截至 2024 年 8 月達到 $1.3B

Coingecko 的數據顯示，截至 2024 年 8 月，大宗商品支持的穩定幣市值增加了 18.1%，達到 13 億美元。然而，它們僅佔法定穩定幣總市值的 0.8%。

Commodity-backed stablecoins have increased their market capitalization by 18.1%, reaching $1.3 billion as of August 2024, according to Coingecko. Yet, they make up only 0.8% of the total market cap of fiat-backed stablecoins.

Coingecko 的數據顯示，截至 2024 年 8 月，大宗商品支持的穩定幣市值增加了 18.1%，達到 13 億美元。然而，它們僅佔法定穩定幣總市值的 0.8%。

Since 2014, firms such as Tether and Circle have issued tokenized currencies backed by real-world financial assets such as bank deposits and short-term notes. Users can onboard into crypto directly through these firms, converting real-world deposits into newly minted stablecoins.

自 2014 年以來，Tether 和 Circle 等公司發行了由銀行存款和短期票據等現實金融資產支持的代幣化貨幣。用戶可以透過這些公司直接進入加密貨幣領域，將現實世界的存款轉換成新鑄造的穩定幣。

Conversely, they can also redeem the stablecoins back into fiat currency. However, not all stablecoins are fully backed by tangible real-world assets. Decentralized stablecoins such as DAI and AMPL maintain their peg through mechanisms such as over-collateralization of crypto assets or rebasing, allowing stablecoins to be minted permissionlessly, while also maintaining their peg without a centralized entity, writes Coingecko.

相反，他們也可以將穩定幣兌換回法定貨幣。然而，並非所有穩定幣都完全由現實世界的有形資產所支持。 Coingecko 寫道，DAI 和AMPL 等去中心化穩定幣透過加密資產超額抵押或變基等機制來維持其錨定匯率，從而允許穩定幣在未經許可的情況下鑄造，同時在沒有中心化實體的情況下也能維持其錨定匯率。

Despite growth, these tokens need more adoption and liquidity issues.

儘管有所增長，但這些代幣需要更多的採用和流動性問題。

Tether Gold (XAUT) and PAX Gold (PAXG) are prominent examples, but their trading volumes are low compared to fiat-backed stablecoins such as USDT and USDC. This hinders their broader market acceptance.

Tether Gold (XAUT) 和 PAX Gold (PAXG) 是突出的例子，但與 USDT 和 USDC 等法定支援的穩定幣相比，它們的交易量較低。這阻礙了它們更廣泛的市場接受度。

Commodity-backed stablecoins are affected by fluctuations in underlying commodity prices.

大宗商品支持的穩定幣受到基礎大宗商品價格波動的影響。

Changes in gold or other commodities impact their stability and perceived value. The regulatory landscape is also evolving, with uncertainties about storage, verification, and auditing posing risks. Recent discussions highlight the need for clearer regulatory frameworks.

黃金或其他商品的變化會影響其穩定性和感知價值。監管環境也在不斷變化，儲存、驗證和稽核的不確定性帶來了風險。最近的討論強調需要更清晰的監管框架。

Maruf Yusupov, co-founder of Deenar Gold-backed Stablecoin, commented, “For stablecoins to remain valuable, the community that backs their reserves must maintain stability. Recently, the global market has triggered volatility in several industries, with commodity prices buckling under macroeconomic trends.

Deenar 黃金支持的穩定幣聯合創始人 Maruf Yusupov 評論道：「為了讓穩定幣保持價值，支持其儲備的社區必須保持穩定。近期，全球市場引發多個產業波動，大宗商品價格受宏觀經濟走勢影響而波動。

When the commodities that are supposed to provide the reserve backing for stablecoins are shrinking, this will further strain the underlying tokens. According to Coingecko’s latest report, commodity-backed stablecoins soared 18.1% this year to $1.3 billion.

當本應為穩定幣提供儲備支持的商品正在萎縮時，這將進一步對基礎代幣造成壓力。根據 Coingecko 的最新報告，商品支持的穩定幣今年飆升 18.1% 至 13 億美元。

This confirms the steady growth of these unique tokens. To match the reported valuation of these stablecoins, issuers will need more liquid capital to top up the differences in this shrunken commodity serving as their reserve.

這證實了這些獨特代幣的穩定成長。為了匹配這些穩定幣的報告估值，發行人將需要更多的流動資金來彌補這種作為其儲備的萎縮商品的差異。

This is a major challenge as it can destabilize issuers' operational models and might ultimately result in unwholesome practices that can cast a bad light on these stablecoin firms”. Despite steady growth, these stablecoins face challenges that may affect their future.

這是一個重大挑戰，因為它可能會破壞發行人運營模式的穩定，並最終可能導致不健康的做法，從而給這些穩定幣公司帶來負面影響。儘管穩定成長，但這些穩定幣面臨著可能影響其未來的挑戰。

Addressing market volatility, regulatory uncertainties, and liquidity issues is crucial for wider acceptance.

解決市場波動、監管不確定性和流動性問題對於更廣泛的接受度至關重要。

Top 5 Highlights of CoinGecko’s State of Stablecoins: 2024

CoinGecko 穩定幣狀況的 5 大亮點：2024 年

Since 2020, the total value of the top 10 fiat-backed stablecoins has increased significantly. During the 2020-2021 bull market, it grew by 3,121.7%, rising from $5 billion at the beginning of 2020 to $181.7 billion in March 2022.

自2020年以來，前10名法幣支持的穩定幣總價值大幅成長。 2020-2021年牛市期間成長了3,121.7%，從2020年初的50億美元增加至2022年3月的1817億美元。

After Terra and its UST stablecoin collapsed, the stablecoin market value dropped but started to recover in November 2023. By August 2024, the total value of fiat-backed stablecoins had grown by 35.4%, reaching $161.2 billion from $119.1 billion.

Terra 及其 UST 穩定幣崩潰後，穩定幣市值下降，但在 2023 年 11 月開始恢復。

The top three US stablecoins—Tether (USDT) with $114.4 billion, USDC with $33.3 billion, and Dai (DAI) with $5.3 billion—make up 94% of the total stablecoin market. USDT remains the most dominant, holding 70.3% of the market.

美國排名前三的穩定幣——Tether (USDT)（1,144 億美元）、USDC（333 億美元）和 Dai (DAI)（53 億美元）——佔據了穩定幣市場總額的 94%。 USDT 仍然佔據主導地位，佔據 70.3% 的市場份額。

As of August 1, 2024, commodity-backed stablecoins were worth $1.3 billion. Tether Gold (XAUT) and PAX Gold (PAXG) make up 78% of this value, even with new coins like Kinesis and VeraOne joining. Although commodity-backed stablecoins have grown 212 times since 2020 and increased by 18.1% in 2024, they still only make up 0.8% of the fiat-backed stablecoin market.

截至 2024 年 8 月 1 日，大宗商品支持的穩定幣價值 13 億美元。即使加入了 Kinesis 和 VeraOne 等新代幣，Tether Gold (XAUT) 和 PAX Gold (PAXG) 仍佔該價值的 78%。儘管大宗商品支持的穩定幣自 2020 年以來已經增長了 212 倍，並在 2024 年增長了 18.1%，但它們仍然只佔法幣支持的穩定幣市場的 0.8%。

By August 1, 2024, stablecoins made up 8.2% of the entire cryptocurrency market. In early 2020, stablecoins were much smaller, only about 2% of the global market. They grew to 6% at the beginning of the DeFi boom.

截至 2024 年 8 月 1 日，穩定幣佔整個加密貨幣市場的 8.2%。 2020 年初，穩定幣規模小得多，僅佔全球市場的 2% 左右。在 DeFi 熱潮開始時，這一比例增長至 6%。

The top 10 stablecoins have 8.7 million users.

前十名的穩定幣擁有 870 萬用戶。

The top three—USDT, USDC, and DAI—make up 97.1% of all users. USDT has the most

前三名——USDT、USDC、DAI——佔所有用戶的 97.1%。 USDT 最多