Stablecoins的總市值已達到歷史最高的高度

Stablecoins的總市值已經達到了歷史最高的高度，超過了先前的記錄。 Stablecoin市值已攀升至約2357億美元

The total market capitalization of stablecoins has reached a new all-time high, surpassing previous records. According to data from crypto analytics firm, the combined market cap of major stablecoins has surpassed $235.7 billion. This new peak follows the prior record of over $204.7 billion for the top five stablecoins earlier in the month.

Stablecoins的總市值已經達到了歷史最高的高度，超過了先前的記錄。根據加密分析公司的數據，主要穩定的穩定市值已超過2357億美元。這個新的峰值是在本月初的前五名穩定幣的前五名穩定率超過2047億美元之後的。

The remarkable growth in the stablecoin market cap is attributed to several key factors, including:

Stablecoin市值的顯著增長歸因於幾個關鍵因素，包括：

• Significant capital inflows into the cryptocurrency industry.

•大量資本流入加密貨幣行業。

• Increased adoption of stablecoins for trading, payments, and remittances.

•增加了用於交易，付款和匯款的穩定幣。

• The introduction of new yield-generating stablecoin products, such as tokenized real-world assets (RWAs) and stablecoin savings protocols, which have attracted billions of dollars in capital.

•引入了新的產生生產的Stablecoin產品，例如令牌現實世界中的資產（RWAS）和Stablecoin儲蓄協議，這些協議吸引了數十億美元的資本。

Leading stablecoins such as Tether (USDT) and Circle’s USD Coin (USDC) continue to dominate, with USDT holding a market cap of around $143 billion and USDC at approximately $58 billion.

領先的Stablecoins，例如Tether（USDT）和Circle的USD Coin（USDC）繼續占主導地位，USDT的市值約為1430億美元，USDC約為580億美元。

This milestone also comes amidst a broader cryptocurrency market downturn, suggesting that investors are shifting capital into stablecoins in a more cautious market.

這個里程碑也是在更廣泛的加密貨幣市場下滑中實現的，這表明投資者正在將資本轉移到更謹慎的市場中。

Key Factors Fueling Stablecoins’ Growth

加油穩定幣增長的關鍵因素

1. Role in DeFi Ecosystems: Stablecoins are integral to decentralized finance (DeFi) platforms, serving as a stable medium of exchange, collateral for lending and borrowing, and liquidity for decentralized exchanges (DEXs) like Uniswap and Curve. The growth of DeFi, with total value locked (TVL) reaching new highs, has driven demand for stablecoins.

1。在Defi生態系統中的作用：Stablecoins是分散融資（DEFI）平台不可或缺的，它是一種穩定的交換媒介，用於貸款和借貸的抵押品以及分散交易所（DEXS）等流動性（如Uniswap和Curve）。 DEFI的增長，總價值鎖定（TVL）達到了新的高點，這促使對穩定的需求。

2. Low-Volatility Option for Liquidity Pools: Stablecoins provide a low-volatility option for liquidity pools, enabling traders and investors to participate in yield farming, staking, and other DeFi activities without exposure to the price volatility of assets like Bitcoin or Ethereum.

2。流動性池的低揮發性選項：穩定量為流動性池提供了低揮發性的選擇，使貿易商和投資者能夠參與產量耕作，陳述和其他Defi活動，而無需暴露於比特幣或以太坊等資產的價格波動。

3. Cross-Border Payments and Remittances: Stablecoins offer a faster, cheaper alternative to traditional cross-border payment systems, which often involve high fees and long settlement times. This has made them particularly attractive for remittances, especially in regions with underdeveloped banking infrastructure.

3.跨境支付和匯款：Stablecoins提供了更快，更便宜的替代跨境支付系統，通常涉及高費用和較長的和解時間。這使它們在匯款方面特別有吸引力，尤其是在銀行基礎設施欠發達的地區。

4. Stablecoins in Emerging Markets: Stablecoins like USDT and USDC are widely used in emerging markets, where they provide a stable store of value amid local currency depreciation or hyperinflation (e.g., in countries like Argentina, Venezuela, or Turkey). Companies like Ripple (using XRP but also stablecoin integrations) and Stellar have partnerships that leverage stablecoins for cross-border settlements, further driving adoption.

4。新興市場中的Stablecoins：像USDT和USDC這樣的Stablecoins在新興市場中廣泛使用，在當地貨幣貶值或過度通貨膨脹的情況下，它們提供了穩定的價值存儲（例如，在阿根廷，委內瑞拉或土耳其等國家）。像Ripple（使用XRP，以及Stablecoin Integrations）和Stellar這樣的公司具有利用Stablecoins進行跨境定居點的合作夥伴關係，進一步推動了採用。

5. Integration with Major Corporations and Payment Processors: Major corporations and payment processors, such as PayPal, Visa, and Mastercard, have integrated stablecoins into their platforms, enabling merchants and consumers to use them for everyday transactions. For instance, PayPal’s stablecoin, PYUSD, has contributed to the overall stablecoin market cap growth.

5。與主要公司和支付處理器的集成：主要公司和付款處理器，例如PayPal，Visa和MasterCard，已將StableCoins整合到其平台中，使商人和消費者能夠將其用於日常交易。例如，PayPal的Stablecoin Pyusd為整體穩定股損長增長做出了貢獻。

6. Cash Equivalent for Treasury Management: Some corporations and institutional investors use stablecoins as a cash equivalent for treasury management, especially in high-inflation environments or as a hedge against currency risk.

6.財政部管理現金等效：一些公司和機構投資者使用Stablecoins作為財政管理的現金等效物，尤其是在高通貨膨脹環境中或對沖貨幣風險的對沖。

7. Institutional Adoption for Settlement: The adoption of USDC by institutional players for settlement in blockchain-based financial systems has significantly boosted its market cap, reaching $58 billion by March 2025.

7。解決機構採用：機構參與者在基於區塊鏈的金融系統中採用USDC已大大提高了其市值，到2025年3月，其市值達到了580億美元。

8. Capital Flows During Cryptocurrency Market Downturn: During periods of cryptocurrency market downturns, investors often move capital from volatile assets like Bitcoin and Ethereum into stablecoins to preserve value. This trend was evident in early 2025, as the broader crypto market experienced a correction, yet stablecoin market caps hit new highs.

8。在加密貨幣市場下滑期間的資本流動：在加密貨幣市場下跌期間，投資者經常將資本從比特幣和以太坊等動蕩的資產轉移到穩定的穩定中，以保持價值。這一趨勢在2025年初顯而易見，因為更廣泛的加密貨幣市場進行了糾正，但Stablecoin市值卻達到了新的高點。

9. Preferred Base Currency for Trading Pairs: Stablecoins are the preferred base currency for trading pairs on centralized and decentralized exchanges, facilitating arbitrage opportunities and high-frequency trading. This increases their circulation and demand.

9。交易對的首選基本貨幣：穩定的基本貨幣是用於集中和分散交易的交易對的首選基本貨幣，促進了套利機會和高頻交易。這增加了他們的循環和需求。