穩定幣：加密貨幣領域的磨刀石中學

USDT和USDC等穩定幣在全球加密貨幣領域佔據著至關重要且獨特的地位。事實上，大多數穩定幣都與

Stablecoins have played a pivotal role in the global crypto space, providing stability for trading, investing, and financial systems. As of October 24, 2024, the stablecoin market has reached a value of $172.34B. Among the top stablecoins, Tether (USDT), USD Coin (USDC), and DAI (DAI) hold the dominant positions.

穩定幣在全球加密貨幣領域發揮關鍵作用，為交易、投資和金融系統提供穩定性。截至2024年10月24日，穩定幣市場價值已達$172.34B。在頂級穩定幣中，Tether（USDT）、USD Coin（USDC）、DAI（DAI）佔據主導地位。

According to data from the Phoenix Group, USDT dominates the stablecoins market with a market capitalization of $120.2B and a daily trading volume of $63B. This dominance translates to Tether controlling 69.78% of the total stablecoin market.

根據鳳凰集團的數據，USDT以$120.2B的市值和$63B的日交易量佔據穩定幣市場的主導地位。這種主導地位意味著 Tether 控制了整個穩定幣市場的 69.78%。

Next on the list is USDC, with a market value of $34.3B and a daily trade volume of $7.2B. Despite being significantly lower than USDT, USDC remains relevant to investors seeking stablecoins that adhere to regulations and offer complete transparency.

接下來是 USDC，市值為 $34.3B，每日交易量為 $7.2B。儘管 USDC 的價格明顯低於 USDT，但對於尋求遵守法規並提供完全透明度的穩定幣的投資者來說，USDC 仍然具有重要意義。

Among the top five decentralized stablecoins, MakerDAO’s DAI has a market capitalization of $5.3B. While it has less market share compared to other platforms, DAI is crucial for DeFi applications and protocols, with a 24-hour volume of $89.2M.

在排名前五名的去中心化穩定幣中，MakerDAO 的 DAI 市值為 $5.3B。儘管與其他平台相比，DAI 的市場份額較小，但它對於 DeFi 應用程式和協議至關重要，其 24 小時交易量為 8,920 萬美元。

Emerging Competitors: FDUSD and USDe

新興競爭對手：FDUSD 和 USDe

FDUSD has a market capitalization of $2.6B with $4.5B in daily trades. At the same time, USDe is relatively new, boasting $2.6B in market capitalization and a daily trading volume of $77.8M.

FDUSD 的市值為 $2.6B，每日交易量為 $4.5B。同時，USDe 相對較新，市值為 $2.6B，每日交易量為 $77.8M。

This competition is indicative of the current stablecoin market landscape, where new entrants to the established ecosystem aim to dominate by targeting specific segments, such as large-scale applications or geographic regions.

這種競爭反映了當前穩定幣市場格局，現有生態系統的新進入者旨在透過針對特定細分市場（例如大規模應用程式或地理區域）來佔據主導地位。

USDD and PYUSD Gaining Ground

USDD 和 PYUSD 不斷上漲

Among the stablecoins that have gained notable attention is USDD, which has a market volume of $759.7M. While it does not hold the same market share as some of the mega tokens, USDD has been rising in terms of adoption.

USDD 是備受關注的穩定幣之一，其市場交易量為 7.597 億美元。儘管 USDD 的市場份額不如某些大型代幣，但其採用率一直在上升。

Similarly, PYUSD has a market capitalization of $655M and a daily trading volume of $9.5M. Being natively backed and integrated within PayPal’s vast ecosystem, PYUSD is a purely utility-based, strategic stablecoin to PayPal’s payment empire.

同樣，PYUSD 的市值為 6.55 億美元，每日交易量為 950 萬美元。 PYUSD 受到 PayPal 龐大生態系統的本地支援和集成，是 PayPal 支付帝國的一種純粹基於實用程式的戰略穩定幣。

FRAX and TUSD: Small but Prominent

FRAX 和 TUSD：雖小但突出

The FRAX is an algorithmic stablecoin with a market capitalization of $649.4M. Despite being launched only this year, it has secured its position in DeFi thanks to its working concept, which includes collateralization with algorithms.

FRAX 是演算法穩定幣，市值為 6.494 億美元。儘管今年才推出，但它憑藉其包括演算法抵押在內的工作理念，已經在 DeFi 中佔據了一席之地。

Meanwhile, TUSD, with a market capitalization of $495.6M, remains an asset-backed stablecoin that prioritizes the platform’s transparency to its users.

同時，市值為 4.956 億美元的 TUSD 仍然是一種資產支持的穩定幣，優先考慮平台對用戶的透明度。

The stablecoin market has grown substantially over the past few years, and these nine stablecoins, in particular, have played a significant role in shaping the market and the broader crypto industry.

過去幾年，穩定幣市場大幅成長，尤其是這九種穩定幣，在塑造市場和更廣泛的加密產業方面發揮了重要作用。