Tether（USDT）：加密生態系統的基石穩定幣

在不斷變化的加密貨幣世界中，Tether（USDT）作為一種旨在保持一致價值的穩定幣發揮著至關重要的作用。

Tether (USDT) is a crucial stablecoin in the ever-changing world of cryptocurrency. Being pegged to the U.S. dollar provides a hedge against extreme volatility, making USDT a go-to option for traders. But what exactly is Tether, and how did it become so important in the crypto ecosystem? Let's take a closer look.

Tether（USDT）是不斷變化的加密貨幣世界中至關重要的穩定幣。與美元掛鉤可以對沖極端波動，使 USDT 成為交易者的首選。但 Tether 到底是什麼？讓我們仔細看看。

What is Tether (USDT)?

什麼是泰達幣（USDT）？

Tether is a type of cryptocurrency that is designed to maintain a stable value, typically pegged to a fiat currency like the U.S. dollar. Unlike other digital currencies that can experience drastic market fluctuations, Tether aims to maintain a 1:1 ratio with the dollar, making it a more stable digital asset. Due to its stable value, it serves as a safe haven in the crypto market, which is otherwise known for its unpredictability.

Tether 是一種旨在保持穩定價值的加密貨幣，通常與美元等法定貨幣掛鉤。與其他可能經歷劇烈市場波動的數位貨幣不同，Tether 的目標是與美元保持 1:1 的比率，使其成為更穩定的數位資產。由於其穩定的價值，它成為加密市場的避風港，而加密市場則以其不可預測性而聞名。

Tether's market influence is undeniable. Being the largest stablecoin by market capitalization, it commands an impressive 70% share of the global stablecoin market. But Tether's influence doesn't stop there. In 2019, it even surpassed Bitcoin to become the most traded cryptocurrency worldwide.

Tether 的市場影響力是不可否認的。作為市值最大的穩定幣，它佔據了全球穩定幣市場 70% 的份額，令人印象深刻。但 Tether 的影響力不止於此。 2019年，它甚至超越比特幣，成為全球交易量最大的加密貨幣。

With over 350 million users around the world as of 2024, Tether is not just a stablecoin—it's an essential tool for navigating the fast-paced and often turbulent crypto market.

截至 2024 年，Tether 在全球擁有超過 3.5 億用戶，它不僅是一種穩定幣，它也是駕馭快節奏且經常動蕩的加密貨幣市場的重要工具。

How Tether Stays Stable: Backing and Profitability

Tether 如何保持穩定：支援與獲利能力

The secret to Tether's stability lies in its reserves. Tether Limited, the company behind USDT, claims to back each Tether coin with an equivalent amount of fiat reserves, ensuring that every USDT is redeemable for its $1 value.

Tether 穩定的秘訣在於其儲備。 USDT 背後的公司 Tether Limited 聲稱用等量的法定儲備支持每個 Tether 代幣，確保每個 USDT 都可以兌換 1 美元的價值。

As of mid-2024, Tether's reserves were valued at a staggering $118.4 billion, including $5.3 billion in excess reserves, highlighting the company's ability to support the value of USDT.

截至 2024 年中期，Tether 的儲備金價值高達 1,184 億美元，其中超額儲備金達 53 億美元，凸顯了該公司支撐 USDT 價值的能力。

But that's not all. Tether Limited also reported a hefty profit of $1.3 billion in Q2 2024, with a total of $5.2 billion in profits for the first half of the year. These figures showcase Tether's solid financial standing and its role as a major force within the broader cryptocurrency space.

但這還不是全部。 Tether Limited 還報告稱，2024 年第二季實現了 13 億美元的巨額利潤，上半年利潤總額為 52 億美元。這些數字展示了 Tether 堅實的財務狀況及其作為更廣泛的加密貨幣領域的主要力量的作用。

Transparency Concerns: The Ongoing Scrutiny

透明度問題：持續的審查

Despite Tether's growth and success, it has faced ongoing criticism, particularly regarding the transparency of its reserve holdings. While Tether claims to back every USDT with fiat reserves, critics argue that the company has not provided full audits to verify these claims.

儘管 Tether 不斷發展並取得成功，但它仍面臨持續的批評，特別是在其儲備持有量的透明度方面。儘管 Tether 聲稱用法定儲備來支持每一筆 USDT，但批評者認為該公司尚未提供全面的審計來驗證這些說法。

This lack of transparency has led to concerns about the real backing of Tether coins, adding an air of skepticism among some users and investors.

這種透明度的缺乏引發了人們對 Tether 代幣真實支持的擔憂，增加了一些用戶和投資者的懷疑。

Tether's Wide Reach Across Blockchain Networks

Tether 在區塊鏈網路中的廣泛影響力

One of the key factors contributing to Tether's widespread use is its support across multiple blockchain networks. As of early 2024, Tether has been minted on 14 different blockchain protocols, making it highly adaptable and available across a variety of platforms.

Tether 廣泛使用的關鍵因素之一是它對多個區塊鏈網路的支援。截至 2024 年初，Tether 已在 14 種不同的區塊鏈協議上鑄造，使其具有高度適應性並可跨各種平台使用。

This multi-chain support allows users to trade USDT on decentralized exchanges and different blockchain ecosystems with ease.

這種多鏈支援讓用戶可以輕鬆地在去中心化交易所和不同的區塊鏈生態系統上交易 USDT。

Furthermore, Tether's parent company, iFinex, which also operates the Bitfinex exchange, further enhances its position in the market. This close connection between Tether and Bitfinex strengthens Tether's role in the larger cryptocurrency ecosystem, helping to drive its adoption and use in both centralized and decentralized exchanges.

此外，Tether 的母公司 iFinex 也經營 Bitfinex 交易所，進一步增強了其在市場中的地位。 Tether 和 Bitfinex 之間的這種密切聯繫加強了 Tether 在更大的加密貨幣生態系統中的作用，有助於推動其在集中式和去中心化交易所中的採用和使用。

While Tether remains one of the most popular stablecoins in the market, the ongoing debates surrounding its reserve transparency continue to shape its narrative. However, Tether's ability to maintain a stable value in an otherwise volatile market has made it an indispensable asset in the world of cryptocurrency trading.

儘管 Tether 仍然是市場上最受歡迎的穩定幣之一，但圍繞其儲備透明度的持續爭論繼續影響著它的敘述。然而，Tether 在波動的市場中保持穩定價值的能力使其成為加密貨幣交易領域不可或缺的資產。