本文的標題應為“ coinbase，paypal和Visa，以從穩定法中受益”

這項即將到來的美國穩定法案規定了全面的儲備，這可能會使像Coinbase這樣的符合規定的Stablecoin發行人受益。

The U.S. House Financial Services Committee has passed the STABLE Act, which provides a legal framework for stablecoins in the U.S. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

美國眾議院金融服務委員會通過了《穩定法》，該法案為美國的穩定幣提供了一個法律框架，目的是保護硬幣持有人，確保發行人的透明度，並加強美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些規定要求全額儲備金或美國國債，也禁止向持有人支付利息。同時，Stablecoin發行人必須是經貨幣審計長美國辦公室監管的公司的許可銀行，已批准的州信託或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根據區塊鏈分析公司Nansen的最新報告，這些規定表明，如果穩定法案通過，則已經專注於合規性立場的實體將獲得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的贏家可能是Circle USDC Stablecoin的主要分銷商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已經與美國監管機構正在尋找的東西緊密相符。更重要的是，Circle以其透明度而聞名，並通過了對歐盟嚴格的雲母調節的測試。結果，USDC主導基於歐元的Stablecoin發行。

The STABLE Act provides a legal framework for stablecoins in the U.S. Its goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

穩定法案為美國的穩定幣提供了一個法律框架，其目標是保護硬幣持有人，確保發行人的透明度並加強美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些規定要求全額儲備金或美國國債，也禁止向持有人支付利息。同時，Stablecoin發行人必須是經貨幣審計長美國辦公室監管的公司的許可銀行，已批准的州信託或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根據區塊鏈分析公司Nansen的最新報告，這些規定表明，如果穩定法案通過，則已經專注於合規性立場的實體將獲得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的贏家可能是Circle USDC Stablecoin的主要分銷商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已經與美國監管機構正在尋找的東西緊密相符。更重要的是，Circle以其透明度而聞名，並通過了對歐盟嚴格的雲母調節的測試。結果，USDC主導基於歐元的Stablecoin發行。

According to the report, U.S. stablecoin regulation is poised to have a significant impact on issuers.

根據該報告，美國Stablecoin法規有望對發行人產生重大影響。

The report highlights the likely winners and losers of the new legislation. Among the biggest winners are compliant issuers such as Coinbase (NASDAQ:COIN), PayPal (NASDAQ:PYPL), and Visa (NYSE:V).

該報告強調了新立法的贏家和失敗者。最大的獲獎者包括合規發行人，例如Coinbase（NASDAQ：COIN），PayPal（NASDAQ：PYPL）和Visa（NYSE：V）。

On April 2, the U.S. House Financial Services Committee passed the STABLE Act, which provides comprehensive regulation for stablecoins. The goal is to protect coin holders, ensure transparency from issuers, and strengthen the role of the U.S. dollar.

4月2日，美國眾議院金融服務委員會通過了《穩定法》，該法案為Stablecoins提供了全面的法規。目的是保護硬幣持有人，確保發行人的透明度並加強美元的作用。

Some of its provisions mandate full reserves in cash or U.S. Treasuries, and it also prohibits interest payments to holders. At the same time, stablecoin issuers must be licensed banks, approved state trusts, or companies regulated by the U.S. Office of the Comptroller of the Currency.

它的一些規定要求全額儲備金或美國國債，也禁止向持有人支付利息。同時，Stablecoin發行人必須是經貨幣審計長美國辦公室監管的公司的許可銀行，已批准的州信託或公司。

According to a recent report by blockchain analytics firm Nansen, these provisions suggest that if the STABLE Act passes, entities already focused on compliance stand to gain the most.

根據區塊鏈分析公司Nansen的最新報告，這些規定表明，如果穩定法案通過，則已經專注於合規性立場的實體將獲得最大的收益。

Among them, the biggest winner will likely be Coinbase (NASDAQ:COIN), a major distributor of Circle’s USDC stablecoin.

其中，最大的贏家可能是Circle USDC Stablecoin的主要分銷商Coinbase（NASDAQ：COIN）。

The USDC stablecoin is already closely aligned with what U.S. regulators are looking for. What is more, Circle is known for its transparency and has passed the test of the EU’s stringent MiCA regulation. As a result, USDC dominates Euro-based stablecoin issuance.

USDC Stablecoin已經與美國監管機構正在尋找的東西緊密相符。更重要的是，Circle以其透明度而聞名，並通過了對歐盟嚴格的雲母調節的測試。結果，USDC主導基於歐元的Stablecoin發行。