Stablecoins是最近的前部和中心：關鍵法案已經通過美國國會

在歐洲，Stablecoins面臨更嚴格的監管制度，交易所的交流將許多不符合加密資產市場（MICA）監管套餐的硬幣劃分

Stablecoins are a hot topic in the crypto industry, and for good reason. These digital assets, which are pegged to a stable value such as the US dollar, play a crucial role in enabling efficient and cost-effective crypto payments.

穩定幣是加密行業的熱門話題，這是有充分理由的。這些數字資產將其固定在穩定價值（例如美元）中，在實現高效且具有成本效益的加密付款方面起著至關重要的作用。

However, the legal framework governing stablecoins is still under development, especially in the U.S., where the industry is closely watching the progress of the STABLE Act.

但是，管理穩定幣的法律框架仍在開發中，尤其是在美國，該行業正在密切關注穩定行為的進步。

This bill, which stands for Stablecoin Transparency and Accountability for Better Ledger Economy, aims to provide clear ground rules for stablecoins used in payments, those tied to the US dollar, and disclosure provisions for stablecoin issuers.

該法案代表穩定的透明度和對更好的賬本經濟的問責制，旨在為付款中使用的穩定幣，與美元息息相關的穩定幣，以及對Stablecoin發行人的披露規定。

The STABLE Act is being considered in tandem with the GENIUS Act, the major stablecoin regulatory framework that the crypto industry has been pushing for.

穩定的法案與《天才法案》（Genius Act）一起考慮，這是加密貨幣行業一直在推動的主要穩定監管框架。

Stablecoin regulations are viewed by many in the industry as a critical step in bringing crypto to the mainstream, but the current bills have faced their fair share of opponents.

該行業中的許多人認為Stablecoin法規是將加密貨幣帶入主流的關鍵一步，但目前的法案已面臨相當多的對手。

Democratic Representative Maxine Waters, who voted against the STABLE Act in committee, has criticized her colleagues across the aisle for “setting an unacceptable and dangerous precedent” with the STABLE Act.

在委員會中投票反對這一穩定法案的民主黨代表麥克金·沃特斯（Maxine Waters）批評了她在過道上的同事，因為她對穩定法案“設定了不可接受和危險的先例”。

Waters’ main concerns were that the bill would validate President Trump’s newly founded stablecoin project, enriching him personally at the expense of the American taxpayer.

沃特斯（Waters）的主要關注點是該法案將驗證特朗普總統新成立的Stablecoin項目，以犧牲美國納稅人為代價，使他個人豐富。

FDUSD stablecoin depegs

fdusd stablecoin depegs

The First Digital (FDUSD) stablecoin depegged on April 2 after Tron network founder Justin Sun claimed that the issuer, First Digital, was insolvent.

在Tron Network創始人Justin Sun聲稱第一個Digital的發行人無力償債之後，第一個數字（FDUSD）Stablecoin Depegg於4月2日舉行。

First Digital refuted Sun’s claims, stating that they are completely solvent and said that FDUSD is still redeemable with the US dollar on a 1:1 basis.

首先，數字駁斥了Sun的主張，稱它們是完全溶劑的，並表示FDUSD仍然可以以1：1的基礎兌換美元。

“Every dollar backing FDUSD is completely secure, safe, and accounted for with US-backed Treasury Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for,” First Digital said.

“每美元的備用FDUSD都是完全安全，安全的，並且根據美國支持的財政賬單進行了責任。FDUSD所有儲備金的確切ISIN數字都在我們的證明報告中列出，並明確考慮了。”

Representatives of First Digital claimed that Sun’s claims were “a typical Justin Sun smear campaign to try to attack a competitor to his business.”

第一位數字的代表聲稱，太陽的主張是“典型的賈斯汀·孫子塗片運動，試圖攻擊競爭對手的業務。”

Trump’s WLFI launches stablecoin

特朗普的WLFI推出了Stablecoin

World Liberty Financial, the Trump family’s decentralized finance project, has launched a US dollar-pegged stablecoin with a total supply of more than $3.5 million.

特朗普家族的權力下放金融項目世界自由金融公司（World Liberty Financial）發起了一美元的穩定穩定性，總供應超過350萬美元。

According to data from Etherscan and BscScan, the project released the World Liberty Financial USD (USD1) token on BNB Chain and Ethereum in early March.

根據Etherscan和BSCSCAN的數據，該項目於3月初發布了BNB鍊和以太坊上的世界自由金融USD（USD1）令牌。

USD1 has drawn sharp criticism from Trump’s political opponents, like Waters, who believe that Trump is aiming to supplant the US dollar with his own stablecoin — enriching himself in the process.

USD1從沃特斯（Waters）等特朗普的政治反對者提出了尖銳的批評。

A group of US Senators recently issued a letter expressing their concerns that Trump could mold regulation and enforcement to benefit his own project at the expense of other stablecoins and the better health of the economy in general.

一群美國參議員最近發表了一封信，表示他們擔心特朗普可以塑造監管和執法，以使自己的項目受益，而犧牲其他穩定的股份和一般的經濟健康狀況。

No interest for stablecoins, says Congress

國會說

Coinbase CEO Brian Armstrong wants to take on banks, or so he claims, by offering American investors interest on their stablecoin holdings far above what they get in a traditional savings account.

Coinbase首席執行官布萊恩·阿姆斯特朗（Brian Armstrong）希望通過向美國投資者的利息來養成銀行，以便在他們的穩定持有的股份中提供利息，遠遠超過了他們在傳統儲蓄賬戶中獲得的股份。

In a long X post on March 31, Armstrong argued that US stablecoin holders should be able to earn “onchain interest” and that stablecoin issuers should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.”

在3月31日的長時間X帖子中，阿姆斯特朗認為，美國Stablecoin持有人應該能夠贏得“ OnChain權益”，並且應對銀行的發行人類似地對待銀行，並“允許並激勵他們與消費者共享利息”。

His proposal has faced headwinds in Congress. Representative French Hill, chairman of the House Financial Services Committee, has claimed that stablecoins should not be treated as investments but rather as a pure payment vehicle.

他的提議在國會面臨逆風。眾議院金融服務委員會主席法國山（French Hill）代表聲稱，不應將穩定幣視為投資，而應將其視為純粹的支付工具。

“I do not see stablecoins as I see a conto bancario. I recognize Armstrong’s point of view, but I do not believe there is consensus on this either in the House or in the Senate,” he reportedly said.

據報導，他說：“我看不到穩定的邦卡里奧（Conto Bancario）。我認識到阿姆斯特朗（Armstrong）的觀點，但我認為在眾議院或參議院中對此都不達成共識。”

Stablecoins face delisting in Europe

穩定幣面對歐洲的粉碎

Binance, one of the largest crypto exchanges in the world, has halted trading of Tether’s dollar-backed USDT stablecoin. Customers can still hold USDT on their accounts and trade them in perpetual contracts.

Binance是世界上最大的加密貨幣交易所之一，已停止了Tether的美元支持USDT Stablecoin的交易。客戶仍然可以在其帳戶上持有USDT，並通過永久合同進行交易。

The decision to delist Tether came as part of its wider compliance efforts with MiCA, the EU’s massive crypto regulatory package that passed in 2023. Other major exchanges have taken similar measures. Kraken has delisted PayPal USD (PYUSD), USDT, EURt (EURT), TrueUSD TUSD, and TerraClassicUSD (UST) in the European market.

決定脫口機的決定是其更廣泛的合規性工作的一部分，歐盟在2023年通過的大規模加密監管方案。其他主要交易所也採取了類似的措施。 Kraken在歐洲市場上將PayPal USD（PYUSD），USDT，EURT（EURT），TUREUSD TUSD和Terraclassicusd（UST）脫穎而出。

Crypto.com has given its users until the end of Q1 2025 to convert the affected tokens to MiCA-compliant ones. “Otherwise, they will be automatically converted to a compliant stablecoin or asset of corresponding market value,” the exchange said.

Crypto.com已將其用戶介紹到第1季度2025年末，以將受影響的令牌轉換為符合雲母的代幣。該交易所表示：“否則，它們將自動轉換為相應市場價值的合規性穩定或資產。”

Stablecoins see large capital inflows

Stablecoins看到大量資本流入

Crypto intelligence platform IntoTheBlock has found an increasing amount of capital entering tokenized real-world assets and stablecoins. According to the analytics firm, these assets are increasingly seen as “safe havens in the current uncertain market.”

加密情報平台Intotheblock發現，進入令牌化的現實世界資產和穩定的資本量越來越多。根據分析公司的說法，這些資產越來越被視為“當前不確定市場中的避風港”。