Stablecoin市場在2025年增長了16.97B美元，表明加密貨幣市場的流動性增加

Stablecoin市場最近在估值中增長，這對於比特幣和其他風險資產可能是看好的。

The stablecoin market has seen significant growth in 2025, adding about $16.97 billion since the start of the year, according to blockchain analytics platform Glassnode.

根據Blockchain Analytics Platform GlassNode的數據，Stablecoin市場在2025年的增長幅度顯著增長，自今年年初以來增加了約169.7億美元。

The firm revealed that the total stablecoin circulating supply has risen from about $194.2 billion to around $211.2 billion this year. Notably, this growth suggests increasing liquidity in the crypto market.

該公司透露，穩定的總供應量已從今年的約1942億美元增加到約2112億美元。值得注意的是，這種增長表明加密貨幣市場的流動性增加。

However, Glassnode noted that stablecoin issuance has not been uniform throughout the year. In November and December 2024, the market grew by roughly $450 million every day.

但是，GlassNode指出，Stablecoin的發行全年都不統一。在2024年11月和12月，市場每天增長約4.5億美元。

Nonetheless, the pace slowed in January 2025, averaging $400 million per day. This month, growth picked up again, with an average daily increase of $541 million.

儘管如此，速度在2025年1月放慢，平均每天4億美元。本月，增長再次獲得，平均每日增加5.41億美元。

Mid-January saw a notable spike, as the seven-day average stablecoin issuance moved above the 30-day simple moving average (SMA). This indicated renewed short-term demand, signaling that capital is flowing back into crypto.

1月中旬，由於7天的平均穩定發行率超過了30天簡單的移動平均線（SMA），因此1月中旬的尖峰。這表明更新了短期需求，這表明資本正在流回加密貨幣。

For context, several large stablecoin issuances have occurred over the past week alone. On Feb. 4, blockchain tracking platform Whale Alert reported that Tether minted 1 billion USDT in a single transaction.

在上下文中，僅在過去一周中就發生了幾次大型穩定發行。 2月4日，區塊鏈跟踪平台鯨魚警報報告說，Tether在一次交易中鑄造了10億美元。

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,415,000 USD) minted at Tether Treasuryhttps://t.co/X3KOENIS50

在Tether tether tetheryhttps：//t.co/x3koenis50上，鑄造在Tether tether tertheryhttps：//x3koenis50

— Whale Alert (@whale_alert) February 4, 2025

- 鯨魚警報（@whale_alert）2025年2月4日

Additionally, Circle, the issuer of USDC, minted 750 million USDC across three separate instances on Feb. 4, 6, and 7, with each issuance totaling 250 million USDC. Further, in total, Circle has created 1.057 billion USDC in February alone. Paxos, the issuer of PYUSD, also added 65 million PYUSD to the supply this month.

此外，USDC的發行人Circle在2月4日，6日和7日在三個單獨的實例上鑄造了7.5億美元，每次發行總計2.5億美元。此外，Circle總共僅在2月就創建了10.57億美元。 Pyusd的發行人Paxos也在本月的供應中增加了6500萬Pyusd。

USDT still leads the stablecoin market despite MiCA challenges

儘管有云母挑戰，美國農業部仍然領導穩定市場

Notably, the stablecoin market capitalization has now grown to $230 billion, according to CoinMarketCap. Tether continues to lead, with a market cap of $141.9 billion, despite facing regulatory issues under the European Union’s MiCA framework, which has led to several exchange delistings.

根據CoinMarketCap的數據，值得注意的是，Stablecoin市值現已增長到2,300億美元。儘管在歐盟的雲母框架下面臨監管問題，但萊恩繼續領先，市值達到1419億美元，這導致了幾項交易所脫穎而出。

USDC follows with a market capitalization of $56.2 billion. Ethena USDe (USDe) ranks third with $6 billion, while Dai (DAI) holds the fourth position with $5.3 billion.

USDC隨後的市值為562億美元。 Ethena USDE（USDE）以60億美元的價格排名第三，而Dai（Dai）以53億美元的價格持有第四名。

Stablecoin growth can be bullish for Bitcoin, crypto: Here’s why

穩定的增長可能是比特幣的看漲，加密：這就是為什麼

The increasing stablecoin supply is often a precursor to higher buying pressure in the crypto market. When investors hold more stablecoins, they usually position themselves to buy risk assets, which can drive prices higher.

穩定量的增加通常是加密貨幣市場上購買壓力更高的前體。當投資者擁有更多的穩定幣時，他們通常將自己定位為購買風險資產，這會推動價格更高。

Meanwhile, Santiment recently reported that crypto traders had shifted their attention toward Bitcoin and Layer-1 blockchains, such as Cardano, Toncoin, Solana, and Ethereum.

同時，Santiment最近報導說，加密貨幣交易員將注意力轉移到了比特幣和第1層區塊鏈上，例如Cardano，Toncoin，Solana和Ethereum。

😀 The crypto community has largely shifted their attention to Bitcoin and other Layer 1 assets like Ethereum, Solana, Toncoin, and Cardano. Collectively, the top Layer 1 assets are getting 44.2% of discussions among specific coins. Meanwhile, top meme coins like Dogecoin, Shiba… pic.twitter.com/PpBjD9vSi4

Crypto社區在很大程度上將注意力轉移到了比特幣和其他第1層資產，例如以太坊，Solana，Toncoin和Cardano。總的來說，第一層資產在特定硬幣中獲得了44.2％的討論。同時，諸如Dogecoin，shiba等頂級模因硬幣…pic.twitter.com/ppbjd9vsi4

— Santiment (@santimentfeed) February 10, 2025

- Santiment（@santimentFeed）2025年2月10日

These assets collectively account for 44.2% of discussions in the crypto community. Meanwhile, interest in meme coins like Dogecoin, Shiba Inu, and Pepe has declined.

這些資產共同佔加密社區中討論的44.2％。同時，對諸如Dogecoin，Shiba Inu和Pepe等模因硬幣的興趣已經下降。

According to Santiment, this change leads to a more stable market environment. Meme coins typically thrive on speculative hype, but when the focus moves to Bitcoin and Layer 1 networks, it suggests a more mature and sustainable growth phase.

根據Santiment的說法，這種變化導致了更穩定的市場環境。模因硬幣通常會在投機性炒作上壯成長，但是當焦點轉移到比特幣和第1層網絡時，它表明了一個更成熟和可持續的增長階段。

Historically, excessive speculation in meme coins has preceded market corrections. In contrast, rising interest in core blockchain infrastructure often points to a stronger foundation for long-term growth.

從歷史上看，模因硬幣中的過度猜測已在市場糾正之前。相比之下，對核心區塊鏈基礎設施的興趣不斷增加，通常是為長期增長的更強大的基礎。