數字資產投資者因加密貨幣而尋求庇護的美國財政產品

由於過去幾週在廣泛的市場糾正中遭受了加密貨幣的侵害，數字資產投資者尋求避難所在代幣化的美國財政產品中。

Cryptocurrency prices have been battered by a broad-market correction over the past weeks, and digital asset investors have been seeking refuge in tokenized U.S. Treasury products.

在過去的幾周中，加密貨幣的價格受到了廣泛的市場更正的打擊，數字資產投資者一直在尋求庇護的美國財政產品。

The combined market capitalization of Treasury-backed tokens grew $800 million to hit a fresh all-time record of $4.2 billion on Wednesday, data source rwa.xyz shows.

數據源RWA.xyz顯示，週三，國庫支持的代幣的總市值增長了8億美元，在周三獲得了42億美元的新歷史記錄。

Real-world asset platform Ondo Finance's (ONDO) products, the short-term bond-backed OUSG and USDY tokens, climbed to just shy of $1 billion combined, a 53% surge in market value over the past month. BUIDL, the token issued jointly by asset manager BlackRock and tokenization firm Securitize, gained 25% during the same period to surpass $800 million. Asset manager Franklin Templeton's BENJI token expanded to $687 million, a 16% increase, while Superstate's USTB hit $363 million, up more than 63%.

現實世界中的資產平台Ondo Finance's（Ondo）產品，短期債券支持的OUSG和USDY代幣，攀升至略高於10億美元的合計，過去一個月的市場價值增長了53％。由資產經理貝萊德（BlackRock）和令牌化公司共同發行的代幣Buidl在同一時期獲得了25％的股份，超過了8億美元。資產經理富蘭克林·鄧普頓（Franklin Templeton）的本吉（Benji）代幣擴大到6.87億美元，增長16％，而超級巨星的USTB達到3.63億美元，增長了63％以上。

A notable outlier was Hashnote's USYC, shedding over 20% of its market cap to $900 million, predominantly due to DeFi protocol Usual's decline after investor backlash. The token is the main backing asset of Usual's USD0 stablecoin, which plummeted below $1 billion supply from its January peak of $1.8 billion.

Hashnote的USYC是一個值得注意的離群值，其市值的20％超過20％，至9億美元，主要是由於投資者反對後的Defi Protocal Suftial的下降。代幣是通常的USD0 Stablecoin的主要支持資產，從18億美元的18億美元的峰值起，它的供應量低於10億美元。

"We believe the growth of the tokenized treasury market cap during the recent crypto downturn reflects a flight to quality, similar to how traditional investors shift from equities to U.S. Treasuries during economic uncertainty," head of research at rwa.xyz Brian Choe told CoinDesk.

RWA.XYZ BRIAN CHOE在RWA.XYZ BRIAN研究負責人告訴CoIndesk：“我們認為，在最近的加密貨幣下滑期間，在最近的加密貨幣下滑期間，代幣化的財政部市場上限的增長反映了飛往質量的飛行，類似於傳統投資者在經濟不確定性期間從股票從股票轉移到美國國債的方式。”

Choe based his analysis on comparing the market cap growth of tokenized treasuries with stablecoins between November and January, when crypto markets rallied, and from February when prices corrected.

Choe的分析基於將令牌化國庫的市值增長與11月至1月之間的穩定幣的市值增長，當時加密貨幣市場集會了，從2月起糾正了價格。

During the recent bearish period, tokenized treasuries grew faster than stablecoins, contrary to the bullish phase, when stablecoin growth outpaced the treasury token market.

在最近的看跌時期，與Bullish階段相反，當Stablecoin的增長超過了國庫令牌市場時，代幣化的國債比Stablecoins增長快。

"This signals some investors aren't exiting the ecosystem but rather rotating capital into safer, yield-bearing assets until market conditions improve," Choe said.

喬說：“這表明一些投資者並沒有退出生態系統，而是將資本旋轉到更安全的承重資產之前，直到市場狀況改善為止。”