到2025年底，全球Stablecoin供應可能會飆升至1萬億美元

到2025年底，全球Stablecoin的供應可能會增加到1萬億美元，這有可能成為更廣泛的加密貨幣市場增長的關鍵催化劑

The global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth, according to CoinFund managing partner David Pakman.

據CoinFund管理合夥人戴維·帕克曼（David Pakman）稱，到2025年底，全球穩定的供應可能會增加到1萬億美元，這有可能成為更廣泛的加密貨幣市場增長的關鍵催化劑。

“We’re in a stablecoin adoption upswell that’s likely to increase dramatically this year,” Pakman said during Cointelegraph’s Chainreaction live show on X on March 27. “We could go from $225 billion stablecoins to $1 trillion just this calendar year.”

帕克曼在3月27日在X上的Cointelegraph舉行的Chainreactreaction現場表演中說：“我們正在接受一場穩定的收養，今年可能會大大增加。”

He noted that such growth, while modest compared to global financial markets, would represent a “meaningfully significant” shift for blockchain-based finance.

他指出，儘管與全球金融市場相比，這種增長雖然謙虛，但對於基於區塊鏈的金融來說，這將代表“有意義的重大”轉變。

Pakman also suggested that the rise in capital flowing onchain, combined with growing interest in exchange-traded funds (ETFs), could further support decentralized finance (DeFi) activity:

Pakman還建議，流動的OnChain資本上升，以及對交易所交易基金（ETF）的興趣日益增加，可以進一步支持分散的財務（DEFI）活動：

The aggregate stablecoin supply stood at an all-time high of above $208 billion across the five largest stablecoins on March 28, according to Glassnode data.

根據GlassNode的數據，在3月28日，總五個最大的Stablecoins的總高度高於2080億美元的總高度。

Stablecoins, aggregate supplies. Source: Glassnode

Stablecoins，總供應。來源：玻璃節

“This is the major catalyst that’s been missing for over a decade: a major movement of people’s wealth onchain that brings everyone else on,” added Pakman.

Pakman補充說：“這是十多年來缺少的主要催化劑：人們的財富主要運動帶來了其他所有人。”

The growing stablecoin supply recently surpassed $219 billion and continues to rise, suggesting that the market is “likely still mid-cycle” as opposed to the top of the bull run, according to IntoTheBlock analysts.

根據Intotheblock分析師的說法，日益增長的Stablecoin供應最近超過了2190億美元，並繼續上升，這表明該市場“可能仍然是中期的”，而不是公牛運行的最高點。

Stablecoin payment adoption on the rise

穩定的付款收養

Stablecoins use for daily payments is on the rise, illustrating the efficacy of blockchain-based transactions.

用於日常支付的穩定幣正在上升，這說明了基於區塊鏈的交易的功效。

“We’re up over 22x in stablecoin volume since 2021,” Pakman said, adding:

“自2021年以來，我們的穩定量超過22倍，” Pakman補充說：

BTC-to-stablecoin ratio. Source: Ki Young Ju

BTC與穩定的比率。資料來源：Ki Young Ju

That aligns with recent comments from CryptoQuant founder and CEO Ki Young Ju, who said stablecoins are increasingly being used for remittance payments and as a store of value. However, Ju said stablecoin supply won’t pump Bitcoin’s (BTC) price without additional catalysts.

這與CryptoQuant創始人兼首席執行官Ki Young Ju的最新評論相吻合，他們說，穩定幣越來越多地用於匯款和價值存儲。但是，JU說，如果沒有其他催化劑，Stablecoin供應將不會抽出比特幣（BTC）價格。