Stablecoins可能會看到他們的供應急劇增加，到2028年達到2萬億美元

因此，目前價值約2,300億美元，因此在未來幾年中，這一市場可能會乘以十倍，這是美國即將在美國的立法所驅動的。

A recent analysis predicts that the supply of stablecoins, cryptocurrencies backed by real assets, could see a dramatic increase, reaching 2 trillion dollars by 2028. Currently valued at about 230 billion dollars, this market could thus be multiplied tenfold in the coming years, driven by imminent legislation in the United States.

最近的一項分析預測，穩定幣的供應，由真實資產支持的加密貨幣的供應可能會急劇增加，到2028年達到2萬億美元。目前的價值約為2,300億美元，因此在未來幾年中，該市場可能會乘以十五年，這是由於即將在美國的即將立法的立法。

The "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS Act) bill, recently adopted by the U.S. Senate banking committee, is expected to come into effect this summer, setting the stage for a groundbreaking shift in the crypto landscape. This legislation should formalize the regulatory framework for stablecoins, thereby bringing legitimacy and security to the sector. According to Geoffrey Kendrick, global head of crypto asset research at Standard Chartered, this move will foster widespread adoption of stablecoins.

預計今年夏天，美國參議院銀行委員會最近通過的“指導和建立國家創新”（Genius Act）法案將於今年夏天生效，為加密貨幣景觀的開創性轉變奠定了基礎。這項立法應正式化穩定菌的監管框架，從而為該行業帶來合法性和安全性。根據《標準憲章》加密資產研究的全球負責人杰弗裡·肯德里克（Geoffrey Kendrick）的說法，這一舉動將促進穩定的stablecoins廣泛採用。

Furthermore, the growth of stablecoins will lead to increased demand for U.S. Treasury bills. According to the analysis, the sector will need to purchase 1.6 trillion dollars in T-bills over the next four years, a volume sufficient to absorb the entire issuance of bills planned during Donald Trump’s second term. This situation could make stablecoins one of the largest drivers of demand for U.S. Treasury securities.

此外，穩定幣的增長將導致對美國國庫賬單的需求增加。根據分析，該行業將需要在未來四年內購買1.6萬億美元的T-Bills，這一數量足以吸收唐納德·特朗普（Donald Trump）第二任期期間計劃的全部簽發賬單。這種情況可能會使Stablecoins成為美國國庫券需求最大的驅動因素之一。

In addition, the reserve model of Circle, used to back the stablecoin USDC, could become the industry standard for crypto. This model, which relies on short-term U.S. government bonds, is expected to see the industry accumulate nearly 1.75 trillion dollars in Treasury bills by 2028.

此外，用來支持Stablecoin USDC的圓圈儲備模型可能會成為加密貨幣的行業標準。這種依賴於美國政府債券的模式預計到2028年，該行業將在國庫券中積累近17.5萬億美元。

The economic implications are significant, especially in the context of the U.S. dollar hegemony. The rise of stablecoins could ultimately strengthen the position of the greenback, supporting it in global trade. However, long-term risks exist, particularly if stablecoins diversify into other currencies or currency baskets, which could harm dollar dominance.

經濟影響很大，尤其是在美元霸權的背景下。穩定蛋白的興起最終可以加強綠背的地位，從而在全球貿易中支持它。但是，存在長期風險，特別是如果穩定劑將多樣化的貨幣或貨幣籃子多樣化，這可能會損害美元的統治地位。

Overall, the rise of stablecoins, fueled by pending legislation and increasing demand, will reshape the global economic landscape. It will boost demand for T-bills, consolidating dollar hegemony in the short term. But the potential for diversification into other currencies poses long-term risks to this dominance, setting the stage for a redefinition of global financial dynamics.

總體而言，穩態的興起的興起，以等待的立法和需求不斷增長，將重塑全球經濟格局。這將提高對T-Bills的需求，在短期內鞏固美元霸權。但是，將多元化貨幣多元化的潛力構成了這種統治地位的長期風險，為重新定義全球金融動態奠定了基礎。