Stablecoins和Binance的主角的興起

近幾個月來，Binance鞏固了其作為世界上最主要的加密貨幣交易所的地位，尤其是在管理Stablecoin儲備方面。

In recent months, Binance has solidified its position as the world’s most dominant cryptocurrency exchange, especially when it comes to managing stablecoin reserves. Even as the broader cryptocurrency market faces volatility and challenges, the inflows of stablecoins into Binance have reached unprecedented levels, setting new records for the exchange.

近幾個月來，Binance鞏固了其作為世界上最主要的加密貨幣交易所的地位，尤其是在管理Stablecoin儲備方面。即使更廣泛的加密貨幣市場面臨著波動和挑戰，穩定劑的流入量已經達到前所未有的水平，為交易所樹立了新的記錄。

Stablecoins, digital assets pegged to fiat currencies like the U.S. Dollar, have become crucial during times of market instability, providing stability and a low-risk alternative. Binance, a leader in leveraged trading, has seen the most significant surge in stablecoin deposits, primarily in ERC-20 stablecoins such as USDT (Tether) and USDC (USD Coin).

在市場不穩定時期，穩定的數字資產與諸如美元之類的法定貨幣掛鉤已經變得至關重要，提供了穩定性和低風險的替代方案。 Binance是槓桿交易的領導者，他已經看到了Stablecoin沉積物的最重要的激增，主要是在ERC-20 Stablecoins，例如USDT（Tether）和USDC（USD Coin）。

These stablecoin inflows are not just a measure of increasing liquidity but also highlight a strategic shift toward derivative trading, where traders use stablecoins to build new positions. This article delves into the phenomenon of Binance’s stablecoin reserves, their role in the broader crypto market, and the implications for derivative markets, liquidity, and global trading trends.

這些穩定的流入不僅是衡量流動性增加的衡量標準，而且還突出了朝著衍生品交易的戰略轉變，在這種交易中，交易者使用穩定者來建立新的職位。本文深入研究了Binance的Stablecoin儲備，其在更廣泛的加密市場中的作用以及對衍生品市場，流動性和全球交易趨勢的影響。

Stablecoins have emerged as one of the most significant innovations in the cryptocurrency world, offering the stability and security that traders and investors need in volatile markets. Binance, being the largest centralized exchange, holds an overwhelming majority of these stablecoin reserves, further solidifying its market dominance.

Stablecoins已成為加密貨幣界最重要的創新之一，提供了交易者和投資者在波動市場中所需的穩定和安全性。 Binance是最大的集中式交易所，擁有這些穩定儲備中的絕大多數，進一步鞏固了其市場優勢。

Early in 2024, Binance reported that its reserves of stablecoins had surpassed a record-breaking threshold. The exchange now holds over 33 billion dollars in stablecoins, including USDT, USDC, and its own centrally-controlled FDUSD. Out of the total supply of stablecoins on exchanges, which reached 45 billion tokens in early 2024, Binance claims a remarkable 73% share.

2024年初，Binance報導說，其穩定的穩定儲備超過了創紀錄的閾值。現在，該交易所持有超過330億美元的Stablecoins，包括USDT，USDC及其自己的中央控制FDUSD。在交易所的總供應總額（2024年初，該股份達到450億個代幣）中，Binance聲稱有73％的份額。

This dominance is evident, especially when considering derivative trading. Binance has become the main venue for stablecoin usage, mainly because traders use these coins to open leveraged positions, particularly in major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This is crucial as the crypto market continues to see increasing demand for such instruments amid the ongoing market volatility.

這種優勢是顯而易見的，尤其是在考慮衍生交易時。 Binance已成為穩定使用的主要場所，主要是因為交易者使用這些硬幣打開槓杆位置，尤其是在比特幣（BTC）和以太坊（ETH）等主要加密貨幣中。這至關重要，因為在持續的市場波動中，加密市場繼續看到對此類工具的需求不斷增長。

One of the most significant trends emerging from Binance’s increasing stablecoin reserves is the pivotal role these assets play in boosting market liquidity. The derivatives market, especially for BTC and ETH, has become more reliant on stablecoins to fuel liquidity and trade execution. When market conditions are uncertain or there is a market drawdown, traders often seek stablecoins as a safe haven. These assets allow them to hedge risks without needing to rely on more volatile assets like BTC or ETH.

Binance不斷增長的Stablecoin儲備中最重要的趨勢之一是這些資產在提高市場流動性中所發揮的關鍵作用。衍生品市場，尤其是對於BTC和ETH，已更加依賴穩定的市場來促進流動性和貿易執行。當市場條件不確定或市場趨勢時，交易者經常尋求穩定的避風港。這些資產使他們可以對沖風險，而無需依靠BTC或ETH等更波動的資產。

According to recent data from Cryptoquant, stablecoin inflows to Binance reached over 47 billion tokens during the last quarter of 2024, setting the stage for peak liquidity. The rise of stablecoins has provided Binance with an effective mechanism for maintaining a robust trading infrastructure. Despite broader market conditions being less favorable, the stablecoin market continues to expand, offering a promising outlook for both centralized and decentralized exchanges.

根據CryptoQuant的最新數據，在2024年最後一個季度，Stablecoin流向二元的代幣超過470億個令牌，為峰值流動性奠定了基礎。 Stablecoins的興起為維護強大的交易基礎設施提供了有效的機制。儘管更廣泛的市場狀況不太好，但Stablecoin市場仍在不斷擴大，為集中和分散的交易所提供了有希望的前景。

The significance of stablecoin inflows cannot be overstated, as they provide much-needed liquidity for the broader market. Binance, in particular, has maintained its leadership position by capitalizing on this liquidity boom, allowing traders to take advantage of low-risk trading strategies and increasing access to key trading pairs.

穩定流入的意義不能被誇大，因為它們為更廣闊的市場提供了急需的流動性。尤其是Binance，通過利用這種流動性繁榮來維持其領導地位，使交易者能夠利用低風險的交易策略並增加對關鍵交易對的機會。

Stablecoins and Derivative Markets: The Backbone of Leverage Trading

Stablecoins和衍生品市場：槓桿交易的骨幹

Binance’s dominance in the stablecoin market has primarily been driven by derivatives traders, who are increasingly relying on these digital assets to establish and adjust positions in leveraged trades. Stablecoins, particularly USDT and USDC, offer a dependable way for traders to enter and exit leveraged positions without worrying about sudden price fluctuations in the underlying assets.

Binance在Stablecoin市場中的主導地位主要是由衍生品交易員驅動的，衍生品交易員越來越依賴這些數字資產來建立和調整槓桿交易的頭寸。 Stablecoins，尤其是USDT和USDC，為交易者提供了一種可靠的方式，可以使交易者進入和退出槓桿職位，而不必擔心基礎資產的突然價格波動。

The importance of stablecoins in derivative markets cannot be overlooked. A large portion of Binance’s stablecoin inflows have been directed toward BTC and ETH derivative contracts, where leverage is key to amplifying returns. In these markets, traders use stablecoins as collateral to increase their exposure to volatile assets, making them more attractive than traditional fiat currencies. This has made stablecoins essential for maintaining healthy trading volumes and a liquid market, even during periods of uncertainty.

穩定市場在衍生市場中的重要性不可忽視。 Binance的大部分穩定流入流入率是針對BTC和ETH衍生合同的，其中槓桿是放大回報的關鍵。在這些市場中，貿易商使用穩定幣作為抵押品來增加其對揮發性資產的影響，從而使其比傳統的法定貨幣更具吸引力。即使在不確定性時期，這也使穩定劑對於維持健康的貿易量和流動市場至關重要。

As of the first quarter of 2024, Binance continues to lead the way in terms of leveraged trading volumes, with stablecoins like USDT and USDC being pivotal to the smooth execution of trades. The exchange has witnessed substantial daily trading volumes of over $17 billion, with stablecoins representing a significant portion of that activity. Binance has also reported that it is the most active platform for trading USDT-based pairs, with daily volumes reaching around $1.67 billion.

截至2024年第一季度，Binance在槓桿交易量方面繼續領先，USDT和USDC（USDC）像平穩執行交易的穩定量是關鍵的。該交易所的每日交易量超過170億美元，穩定幣代表了大部分活動。 Binance還報告說，它是交易基於USDT的最活躍的平台，每日量達到約16.7億美元。

This dominance in stablecoin trading pairs has allowed Binance to continue attracting traders, even as broader market conditions have slowed down. Stablecoins have effectively insulated the exchange from the fluctuations that have plagued other markets, positioning Binance as a leader in the derivatives market.

Stablecoin交易對的這種優勢使Binance能夠繼續吸引交易者，即使更廣泛的市場狀況減慢了。 Stablecoins有效地將交換與困擾其他市場的波動相關，將Binance定位為衍生品市場的領導者。

The Role of Stablecoins on BNB Chain and Other Networks

Stablecoins在BNB鍊和其他網絡上的作用

Stablecoins are not only confined to Binance’s centralized exchange. The BNB Smart Chain (BNB Chain), Binance’s

穩定幣不僅限於Binance的集中式交流。 BNB智能鏈（BNB鏈），Binance's