穩定幣市場達到歷史性里程碑

穩定幣市場已達到歷史性里程碑，總市值現已超過 2,000 億美元。 Tether (USDT) 仍然以 1,429 億美元的價格毫無爭議地領先，而 USD Coin (USDC) 以 423 億美元的價格位居第二。

The total capitalization of the stablecoin market has just crossed a historic threshold, reaching a level that had never been seen before.

穩定幣市場的總市值剛剛跨過歷史門檻，達到了前所未有的水平。

According to the latest data from CoinGecko, the stablecoin market now has a total capitalization of over $200 billion. This represents an increase of more than 100 billion dollars compared to the beginning of the year.

根據CoinGecko的最新數據，穩定幣市場目前總市值超過2,000億美元。這比年初增加了超過1000億美元。

This growth is largely dominated by Tether’s USDT, which alone accounts for $142.9 billion of circulating assets. The stablecoin issued by Tether thus represents more than 70% of the entire stablecoin market.

這一成長主要由 Tether 的 USDT 主導，光是 USDT 就佔了 1,429 億美元的流通資產。因此，Tether 發行的穩定幣佔據了整個穩定幣市場 70% 以上的份額。

Behind USDT, we find USD Coin (USDC), which continues to gain ground and now has a capitalization of $42.3 billion. Other major stablecoins include USDe with $6 billion, DAI with $4.5 billion, and FDUSD with $1.9 billion.

在 USDT 背後，我們看到了美元代幣（USDC），它持續上漲，目前市值已達 423 億美元。其他主要穩定幣包括 USDe（60 億美元）、DAI（45 億美元）和 FDUSD（19 億美元）。

The exceptional growth of the stablecoin market can be explained in particular by the massive arrival of traditional investors in the crypto world, especially since the launch of Bitcoin ETFs in the United States. Stablecoins, which facilitate easy transitions from traditional currencies to cryptos, are naturally benefiting from this enthusiasm.

穩定幣市場的異常成長尤其可以歸因於傳統投資者大量湧入加密世界，尤其是自從比特幣 ETF 在美國推出以來。穩定幣有助於從傳統貨幣輕鬆過渡到加密貨幣，自然會從這種熱情中受益。

However, the upcoming entry into force of the MiCA regulation in Europe, scheduled for December 30, 2024, is largely redefining the landscape of stablecoins.

然而，即將於 2024 年 12 月 30 日在歐洲生效的 MiCA 法規將在很大程度上重新定義穩定幣的模式。

This framework imposes strict criteria, including electronic licenses and mandatory reserves, which forces issuers to adapt.

該框架施加了嚴格的標準，包括電子許可證和強制性準備金，迫使發行人適應。

In response to these new constraints, Tether recently announced the halt of its euro stablecoin (EURT) in order to comply with the requirements.

為了應對這些新的限制，Tether 最近宣布暫停其歐元穩定幣（EURT）以符合要求。

This decision illustrates the growing challenges for stablecoin issuers in an increasingly strict regulatory environment.

這項決定表明，在日益嚴格的監管環境下，穩定幣發行人面臨越來越大的挑戰。

To adapt to this new regulatory landscape, industry players are deploying new strategies.

為了適應這種新的監管環境，產業參與者正在部署新的策略。

Circle, which issues USDC, has notably formed a major partnership with Binance to strengthen its international presence.

發行 USDC 的 Circle 與幣安建立了重要合作關係，以加強其國際影響力。

Meanwhile, Tether is exploring the use of artificial intelligence on the blockchain for new use cases.

同時，Tether 正在探索在區塊鏈上使用人工智慧的新用例。

In contrast, in the United States, the arrival of Donald Trump and his visible support for cryptos are boosting investor enthusiasm.

相比之下，在美國，唐納德·川普的到來及其對加密貨幣的明顯支持正在激發投資者的熱情。

This difference in approach between Europe and the USA could push some crypto companies to favor the American market, which is perceived as more welcoming.

歐洲和美國之間的這種做法差異可能會促使一些加密貨幣公司青睞美國市場，因為美國市場被認為更受歡迎。

Despite these changes, the record capitalization of the stablecoin market confirms their central role in the crypto ecosystem.

儘管發生了這些變化，穩定幣市場創紀錄的資本規模證實了它們在加密生態系統中的核心角色。

As Europe tightens its regulatory framework, the efforts of key players to innovate and adapt suggest a new phase of maturation for this rapidly evolving sector.

隨著歐洲收緊監管框架，主要參與者創新和適應的努力表明這個快速發展的行業進入了成熟的新階段。