USDC超過了USDT作為最受歡迎的Stablecoin，針對機構用戶

以太坊繼續託管大多數Stablecoins，供應量為1300億美元，其餘的分佈在區塊鏈之間

Ethereum remains the primary host for stablecoins, with $130 billion in stablecoin supply on the network, while the rest is distributed across other blockchains like TRON and Solana.

以太坊仍然是Stablecoins的主要主機，網絡上有1300億美元的Stablecoin供應，而其餘的則分佈在Tron和Solana等其他區塊鏈之間。

Despite USDT maintaining the largest share of the overall market, the faster growth of USDC in 2023 is shifting preferences, especially among institutional users.

儘管USDT維持整個市場中最大的份額，但2023年USDC的增長速度更快，是在轉移偏好，尤其是在機構使用者中。

The appeal of USDC has been closely linked to regulatory clarity and Circle’s approach to compliance. The company’s transparent reserve practices and commitment to aligning with regulations in the United States and the European Union have made it more attractive to regulated institutions.

USDC的吸引力與監管清晰度和Circle合規方法密切相關。該公司透明的儲備實踐和對與美國和歐盟法規保持一致的承諾使其對受監管機構的吸引力更具吸引力。

Furthermore, institutional confidence has been supported by Circle’s ongoing steps toward a possible initial public offering (IPO).

此外，Circle朝著可能的首次公開募股（IPO）持續的步驟支持機構信心。

The exchange rate between USDC and USDT remains closely aligned, which allows users to move between the two tokens without encountering major price discrepancies. However, the difference in supply growth between them has become more pronounced over time.

USDC和USDT之間的匯率保持緊密狀態，這使用戶可以在兩個令牌之間移動而不會遇到重大價格差異。但是，隨著時間的流逝，它們之間的供應增長差異變得更加明顯。

As reported by DeFi Llama, market participants have shown a preference for USDC on decentralized finance platforms and among entities operating in regulated financial environments.

正如Defi Llama報導的那樣，市場參與者在分散的金融平台以及在受監管的金融環境中運營的實體中表現出了USDC的偏愛。

Circle’s potential IPO has been seen as an effort to strengthen the links between traditional finance and crypto infrastructure. While no date for the IPO has been confirmed, the move reflects Circle’s broader efforts to expand its reach and solidify its position in the stablecoin market.

Circle的潛在IPO被視為加強傳統金融與加密基礎設施之間的聯繫的一種努力。儘管沒有確認IPO的日期，但此舉反映了Circle在擴大其覆蓋範圍並鞏固其在Stablecoin市場中的地位的更廣泛努力。

Although TRON and Solana host portions of the stablecoin supply, Ethereum’s $130 billion share makes it the dominant platform for these assets. The remaining $96 billion is spread across the other blockchains.

儘管Tron和Solana託管了Stablecoin供應的部分，但以太坊的1300億美元股份使其成為這些資產的主要平台。其餘的960億美元分佈在其他區塊鏈中。

While USDT continues to lead in terms of total supply, the growth trajectory of USDC has been sharper in 2023. The combination of institutional demand, regulatory transparency, and infrastructure developments such as Circle’s IPO plans has contributed to this trend.

儘管USDT在總供應方面繼續領先，但USDC的增長軌跡在2023年變得更加銳利。機構需求，監管透明度和基礎設施發展（例如Circle的IPO計劃）的結合促成了這一趨勢。

The stablecoin market is in constant evolution, and preferences among participants are shifting as they evaluate which tokens offer the clearest path to compliance and operational trust. This is evident in the preference for USDC among institutional users and DeFi platforms.

Stablecoin市場在不斷發展，參與者的偏好在評估哪種令牌為合規性和運營信任提供最清晰的途徑時正在轉移。這在機構用戶和DEFI平台中對USDC的偏愛很明顯。

USDC’s growth reflects a broader theme in which regulatory alignment and transparency are playing an increasingly critical role in stablecoin adoption. The market will continue to observe how this shapes future competition between leading stablecoins.

USDC的增長反映了一個更廣泛的主題，在該主題中，監管一致性和透明度在採用Stablecoin的採用中起著越來越重要的作用。市場將繼續觀察到這一點如何塑造領先的Stablecoins之間的未來競爭。