隨著機構信心增強，11 月穩定幣交易量飆漲 77.5%

受機構對數位資產產業信心增強的提振，11 月的市場活動刺激了穩定幣交易量激增。

Stablecoins trading volume on centralized exchanges soared in November, surging by 77.5% to reach $1.81 trillion as of Nov. 25, according to a CCData report on Monday.

根據 CCData 週一的報告，11 月中心化交易所的穩定幣交易量飆升 77.5%，截至 11 月 25 日達到 1.81 兆美元。

The growth in stablecoins trading comes amid a broader uptick in market activity, with total trading volumes on centralized exchanges set to hit a yearly high in November.

穩定幣交易的成長是在市場活動廣泛增加的背景下實現的，中心化交易所的總交易量將在 11 月創下年度新高。

Continuing a fourteen-month upward trend, the total stablecoin market capitalization rose by 9.94% in November, reaching $190 billion and surpassing the previous all-time high of $188 billion from April 2022, prior to the collapse of TerraUSD.

穩定幣總市值延續了十四個月的上升趨勢，11 月成長了 9.94%，達到 1,900 億美元，超過了 TerraUSD 崩盤前 2022 年 4 月以來的歷史最高點 1,880 億美元。

Despite this growth, market dominance dropped to 5.54% from 7.22% in October, as investors and traders increased diversification on Bitcoin (BTC) and altcoins.

儘管出現這種增長，但隨著投資者和交易者增加比特幣 (BTC) 和山寨幣的多元化，市場主導地位從 10 月的 7.22% 下降至 5.54%。

Tether (USDT) continues to show a strong performance, growing its market capitalization by 10.5% to $133 billion. The stablecoin accounts for 69.9% of the overall market, followed by Circle’s USD Coin (USDC), which expanded its market cap by 12.1% to $38.9 billion in November — its highest level since February 2023.

Tether (USDT) 持續表現強勁，市值成長 10.5% 至 1,330 億美元。該穩定幣佔整體市場的 69.9%，其次是 Circle 的美元代幣 (USDC)，其市值在 11 月擴大了 12.1% 至 389 億美元，這是自 2023 年 2 月以來的最高水平。

Ethena Labs’ USDe (USDE) also shows growth in performance, posting a 42.2% rise in market capitalization to $3.86 billion. “The surge in demand for the stablecoin can be attributed to heightened interest in the Ethena ecosystem after its proposal to activate revenue share for Ethena (ENA) tokenholders,” notes the report.

Ethena Labs 的 USDe (USDE) 也表現出業績成長，市值成長 42.2% 至 38.6 億美元。報告指出：“對穩定幣的需求激增可歸因於 Ethena 生態系統提議激活 Ethena (ENA) 代幣持有者的收入分成後，人們對 Ethena 生態系統的興趣增強。”

The USDe stablecoin was launched in February and currently offers an APY of 21.2%, down from a high of 55.9% in March, according to CCData.

據 CCData 稱，USDe 穩定幣於 2 月推出，目前年化收益率為 21.2%，低於 3 月 55.9% 的高點。

On the other hand, First Digital USD (FDUSD) and Sky Dollar (USDS) — formerly Dai (DAI) — recorded the most significant declines among the top ten stablecoins in November. FDUSD’s market capitalization fell by 14.9% to $1.90 billion, while USDS dropped by 8.34% to $950 million during the month.

另一方面，First Digital USD (FDUSD) 和 Sky Dollar (USDS)（前身為 Dai (DAI)）在 11 月十大穩定幣中跌幅最為顯著。 FDUSD 市值下降 14.9%，至 19 億美元，而 USDS 本月市值下降 8.34%，至 9.5 億美元。