穩定幣市場持續攀升

根據最新數據，穩定幣經濟目前價值 1,728.92 億美元，10 月與法定貨幣掛鉤的代幣市場增加了 5.55 億美元。

The latest figures show that the stablecoin economy is now worth $172.892 billion, with October adding $555 million to the fiat-pegged token market.

最新數據顯示，穩定幣經濟目前價值 1,728.92 億美元，10 月與法定貨幣掛鉤的代幣市場增加了 5.55 億美元。

Stablecoin Market Continues to Climb

穩定幣市場持續攀升

Last month saw stablecoins grow modestly, with the market inching up 0.32% from $172.337 billion to $172.892 billion. Leading the pack, tether (USDT) now boasts a sizable market cap of $120.522 billion, which translates to 69.71% of the stablecoin sector’s total value. October’s numbers indicate a 0.7% rise in USDT’s supply.

上個月，穩定幣小幅成長，市場小幅上漲 0.32%，從 1,723.37 億美元增至 1,728.92 億美元。處於領先地位的 Tether (USDT) 目前市值高達 1,205.22 億美元，佔穩定幣產業總市值的 69.71%。 10 月的數據顯示 USDT 的供應量增加了 0.7%。

In second place, usd coin (USDC) holds a $34.629 billion market cap, marking a 1.9% dip from the previous month.

位居第二的是美元代幣（USDC），市值為 346.29 億美元，較上月下跌 1.9%。

DAI experienced a 2.9% drop in October, bringing its market cap to $4.887 billion—a shift primarily due to Sky’s USDS, which rose to $1.082 billion. Notably, DAI tokens can be exchanged for USDS on a one-to-one basis. Ethena’s USDE ranks fourth, with a market value of around $2.755 billion, after seeing an 8.7% increase in last month. Meanwhile, the fifth-largest stablecoin, FDUSD, declined by 10.78%, settling at $2.156 billion.

DAI 10 月下跌 2.9%，市值降至 48.87 億美元，主要是由於 Sky 的 USDS 上漲至 10.82 億美元。值得注意的是，DAI 代幣可以一對一地兌換為 USDS。 Ethena 的 USDE 排名第四，市值約 27.55 億美元，上個月成長 8.7%。同時，第五大穩定幣 FDUSD 下跌 10.78%，收在 21.56 億美元。

This shift with DAI places USDS in the sixth position out of the top ten U.S. dollar-pegged coins with a market cap of $1.082 billion. Stablecoins continue to dominate trading activity, accounting for $30.068 billion of the crypto economy’s $70.116 billion in trades over the past 24 hours. That means roughly 42.88% of all trades are completed with stablecoins, leaving other assets to settle the remaining trades.

DAI 的這一轉變使 USDS 在十大與美元掛鉤的代幣中排名第六，市值為 10.82 億美元。穩定幣繼續主導交易活動，在過去 24 小時加密經濟的 701.16 億美元交易中，穩定幣佔 300.68 億美元。這意味著大約 42.88% 的交易是透過穩定幣完成的，剩下的交易則由其他資產來結算。

Despite the ups and downs of individual token supplies, the stablecoin sector’s gradual growth points to sustained interest in fiat-pegged assets within the crypto space. Representing nearly half of all crypto trading volume, stablecoins have secured their role in the ecosystem, providing a steadying influence. The changing market caps of tokens like USDT, USDC, DAI, FDUSD, and the newly launched USDS, highlight the diverse forces shaping this evolving ecosystem.

儘管個別代幣供應量有起有落，但穩定幣行業的逐步增長表明人們對加密貨幣領域內與法定貨幣掛鉤的資產持續感興趣。穩定幣佔所有加密貨幣交易量的近一半，並確保了其在生態系統中的地位，提供了穩定的影響力。 USDT、USDC、DAI、FDUSD 和新推出的 USDS 等代幣的市值不斷變化，凸顯了塑造這一不斷發展的生態系統的多種力量。