USDT 市值突破 $120B，凸顯穩定幣在波動的加密市場中不可或缺的作用

全球最大的穩定幣 Tether 的 USDT 市值突破 1200 億美元，標誌著一個重大轉折點。

The world’s largest stablecoin, Tether (USDT), has achieved a major milestone by surpassing a market cap of $120 billion, highlighting its pivotal role in the volatile cryptocurrency landscape. This phenomenal growth underscores USDT’s dominance in the stablecoin market and its increasing significance in the broader crypto market.

全球最大的穩定幣 Tether (USDT) 市值突破 1,200 億美元，實現了一個重要里程碑，凸顯了其在動盪的加密貨幣領域的關鍵作用。這一驚人的成長凸顯了 USDT 在穩定幣市場的主導地位及其在更廣泛的加密貨幣市場中日益重要的地位。

According to data from Lookonchain, Tron and Ethereum are the leading networks among the multiple blockchains that contribute to the stablecoin’s vast circulation. On Tron, over 61.49 billion USDT, or 51.17%, is currently circulating, while on Ethereum, 54.48 billion USDT, or 45.34%, is circulating.

Lookonchain的數據顯示，Tron和以太坊是多個區塊鏈中領先的網絡，為穩定幣的廣泛流通做出了貢獻。 Tron 上目前流通超過 614.9 億 USDT，即 51.17%，而以太坊上流通著 544.8 億 USDT，即 45.34%。

The market cap of $USDT now exceeds $120 billion!

$USDT市值現已突破1200億美元！

The total circulating supply of $USDT is 120.17B $USDT, of which 61.49B $USDT(51.17%) is circulating on #TronNetwork and 54.48B $USDT(45.34%) is circulating on #Ethereum.https://t.co/5Mzl43My0S pic.twitter.com/UUpm8FM4vC

$USDT 的總流通量為 120.17B $USDT，其中 61.49B $USDT（51.17%）在 #TronNetwork 上流通，54.48B $USDT（45.34%）在 #Ethereum 上流通。 pic.twitter.com/UUpm8FM4vC

— Lookonchain (@lookonchain) October 20, 2024

— Lookonchain (@lookonchain) 2024 年 10 月 20 日

USDT’s Rising Demand Highlights Stablecoin’s Crucial Role in Volatile Markets

USDT 需求的成長凸顯了穩定幣在波動市場中的關鍵作用

The increasing market cap of USDT points to the growing demand for stablecoins as a safe haven amid the volatility of cryptocurrencies. As a stablecoin pegged to the US dollar, USDT provides stability and liquidity for traders and investors who wish to store their assets in a less volatile asset while remaining within the crypto ecosystem. This has made USDT highly appealing, especially during market downturns, contributing to its exponential growth.

USDT 市值的不斷上升表明，在加密貨幣波動的情況下，對穩定幣作為避風港的需求不斷增長。作為與美元掛鉤的穩定幣，USDT 為希望將資產儲存在波動性較小的資產中同時保留在加密生態系統內的交易者和投資者提供了穩定性和流動性。這使得 USDT 極具吸引力，尤其是在市場低迷時期，促成了其指數級成長。

Recent figures indicate that USDT’s daily trading volume on Tron has surpassed Visa’s average daily volume of $42 billion, reaching an impressive $53 billion. This remarkable achievement highlights the shifting financial landscape and the increasing adoption of digital currencies for large-scale transactions.

最新數據顯示，USDT 在 Tron 上的每日平均交易量已超過 Visa 日均交易量 420 億美元，達到令人印象深刻的 530 億美元。這項非凡的成就凸顯了金融格局的變化以及數位貨幣在大規模交易中的日益採用。

Tron’s low transaction fees and efficient network have made it the preferred blockchain for USDT transfers, solidifying its leadership as the primary platform for Tether. In contrast, Ethereum, which was once the most widely used chain for USDT, has seen less activity due to slower transaction speeds and higher gas fees.

Tron 的低交易費用和高效的網路使其成為 USDT 轉帳的首選區塊鏈，鞏固了其作為 Tether 主要平台的領導地位。相比之下，曾經是 USDT 使用最廣泛的鏈以太坊，由於交易速度較慢和 Gas 費用較高，其活動較少。

Stablecoin Market Expansion Fuels Increased Liquidity and Trading Activity

穩定幣市場擴張推動流動性和交易活動增加

As the market cap of USDT continues to rise, its impact on the broader crypto market is undeniable. More USDT in circulation typically translates to an increase in liquidity, which can lead to more trading activity and potentially influence price movements for major cryptocurrencies like Bitcoin.

隨著USDT市值不斷上升，其對更廣泛的加密貨幣市場的影響是不可否認的。更多的 USDT 流通通常會轉化為流動性的增加，這可能會導致更多的交易活動，並可能影響比特幣等主要加密貨幣的價格走勢。

Historically, rising stablecoin supplies have been linked to increasing buying pressure, as investors often hold stablecoins like USDT before moving them into riskier assets. This influx of資金 can drive market rallies, especially during periods of bullish sentiment towards cryptocurrencies.

從歷史上看，穩定幣供應量的增加與購買壓力的增加有關，因為投資者通常持有 USDT 等穩定幣，然後再將其轉移到風險較高的資產。這種資金的湧入可以推動市場反彈，尤其是在加密貨幣看漲情緒時期。

Furthermore, Tether’s واسعة application across multiple blockchains supports its dominance in the stablecoin sector. With Tether maintaining over 70% of the stablecoin market share, the total market cap of stablecoins has also seen a significant rise.

此外，Tether 跨多個區塊鏈的應用支撐了其在穩定幣領域的主導地位。隨著Tether保持著穩定幣70%以上的市場份額，穩定幣總市值也出現了大幅上漲。

This level of control raises important questions about Tether’s influence on market liquidity and its role in maintaining the stability of the crypto ecosystem. However, it also presents opportunities for expanding financial inclusion and improving access to capital.

這種程度的控制引發了關於 Tether 對市場流動性的影響及其在維持加密生態系統穩定性方面的作用的重要問題。然而，它也為擴大金融包容性和改善資本取得提供了機會。

But it also comes with some risks, as Tether’s ability to maintain its peg to the US dollar becomes increasingly crucial for the stablecoin market. Any disruptions in Tether’s operations could have far-reaching consequences on the market.

但它也帶來了一些風險，因為 Tether 維持與美元掛鉤的能力對於穩定幣市場變得越來越重要。 Tether 營運的任何中斷都可能對市場產生深遠的影響。

New Lending Initiative Could Provide Financing Lifeline for Small Commodity Traders

新的貸款計劃可以為小商品貿易商提供融資生命線

USDT’s continuous expansion is not limited to blockchain applications alone. As we covered previously, Tether has begun exploring other avenues of growth, including the possibility of providing dollar-based loans for smaller commodities traders.

USDT的不斷擴張不僅限於區塊鏈應用。正如我們之前介紹的，Tether 已經開始探索其他成長途徑，包括為小型大宗商品交易商提供美元貸款的可能性。

Due to their limited exposure to large-scale financial networks, many smaller traders, especially in developing countries, face immense challenges in accessing conventional financing options. Tether’s entry into this market could provide these traders with faster and more flexible financing solutions, facilitating world trade and financial activities.

由於對大型金融網絡的接觸有限，許多小型貿易商，尤其是發展中國家的小型貿易商，在獲得傳統融資選擇方面面臨巨大挑戰。 Tether 進入這個市場可以為這些交易者提供更快、更靈活的融資解決方案，促進世界貿易和金融活動。

While USDT’s growth presents a promising outlook for stablecoins, questions about Tether’s financial transparency continue to linger. Critics have long raised concerns over whether Tether fully backs its stablecoin printing with reserves, despite recent audits painting a brighter picture.

儘管 USDT 的成長為穩定幣帶來了光明的前景，但有關 Tether 財務透明度的問題仍然存在。儘管最近的審計描繪了一幅更光明的前景，但批評者長期以來一直對 Tether 是否完全支持其穩定幣印刷儲備表示擔憂。

As we covered on CNF, a Q2 2024 audit report shows Tether having $118.4 billion in reserves, which are more than offset by liabilities amounting to $5.3 billion. Currently ranking 18th globally among holders of U.S. Treasury bills, Tether has $97.6 billion in these bills.

正如我們在 CNF 上報導的那樣，2024 年第二季度的審計報告顯示，Tether 擁有 1,184 億美元的儲備金，足以被 53 億美元的負債所抵消。目前，Tether 在美國國債持有者中排名全球第 18 位，持有的美國國債價值達 976 億美元。

Besides maintaining a strong reserve, Tether’s potential involvement in providing dollar-based loans for small commodity traders could have a major impact on world trade

除了保持強勁的儲備之外，Tether 可能參與為小型商品交易商提供美元貸款，這可能會對世界貿易產生重大影響