USDT、XAUt 與 aUSDT：哪種 Tether 穩定幣適合您？

Tether 是加密貨幣領域的知名參與者，它透過三種不同的穩定幣擴大了其產品：USDT、XAUt 和 aUSDT。這些數位資產中的每一種都有獨特的用途，同時保持定義穩定幣的穩定性的核心原則。但您認為哪一個比較適合您呢？本文探討了 Tether 的 USDT（一種與美元掛鉤的穩定幣）的特性和功能； XAUt，由實體黃金支持； aUSDT 是一種由 Tether Gold 超額抵押的合成美元。

Tether, a prominent cryptocurrency company, has expanded its offerings with three distinct stablecoins: USDT, XAUt and aUSDT. Each of these digital assets serves a unique purpose while maintaining the core principle of stability that defines stablecoins. But which do you think will serve you better?

Tether 是一家著名的加密貨幣公司，它擴大了其產品範圍，推出了三種不同的穩定幣：USDT、XAUt 和 aUSDT。這些數位資產中的每一種都有獨特的用途，同時保持定義穩定幣的穩定性的核心原則。但您認為哪一個比較適合您呢？

This article explores the characteristics and functionalities of Tether's USDT, a dollar-pegged stablecoin; XAUt, which is backed by physical gold; and aUSDT, a synthetic dollar that’s overcollateralized by Tether Gold.

本文探討了 Tether 的 USDT（一種與美元掛鉤的穩定幣）的特性和功能； XAUt，由實體黃金支持； aUSDT 是一種由 Tether Gold 超額抵押的合成美元。

Key Takeaways:

要點：

USDT is the most widely recognized stablecoin, offering stability and liquidity that make it ideal for traders and investors seeking minimal volatility.

USDT 是最廣泛認可的穩定幣，提供穩定性和流動性，使其成為尋求最小波動性的交易者和投資者的理想選擇。

XAUt provides a digital avenue for gold investment, combining the stability of gold with the efficiency of blockchain technology to appeal to those interested in precious metals.

XAUt 為黃金投資提供了數位化途徑，將黃金的穩定性與區塊鏈技術的效率相結合，吸引了對貴金屬感興趣的人。

aUSDT is a unique stablecoin that merges the liquidity of USDT with the added security of being backed by gold, making it a great choice for investors who want a blend of stability and security.

aUSDT 是一種獨特的穩定幣，它將 USDT 的流動性與黃金支持的額外安全性融為一體，使其成為想要兼顧穩定性和安全性的投資者的絕佳選擇。

Each of Tether's stablecoins — USDT, XAUt and aUSDT — offers distinct advantages, depending upon whether you prioritize dollar stability, investment in gold or a combination of both.

Tether 的每種穩定幣——USDT、XAUt 和 aUSDT——都具有獨特的優勢，這取決於您是優先考慮美元穩定性、黃金投資還是兩者的組合。

What Is USDT?

什麼是USDT？

USDT (Tether) is a stablecoin pegged to the U.S. dollar at a 1:1 value ratio. It combines the unrestricted nature of cryptocurrencies with the stable value of traditional currency, enabling users to transact in a digital format while minimizing volatility.

USDT（Tether）是一種以 1:1 的價值比率與美元掛鉤的穩定幣。它將加密貨幣的不受限制的性質與傳統貨幣的穩定價值結合在一起，使用戶能夠以數位格式進行交易，同時最大限度地減少波動性。

What Is XAUt?

什麼是 XAUt？

XAUt (Tether Gold) is a digital asset issued by Tether. Each XAUt token represents one fine troy ounce of physical gold stored in Swiss vaults. It combines the stability of gold with the efficiency of blockchain technology for easy transfer and fractional ownership, without the drawbacks of physical ownership.

XAUt（Tether Gold）是Tether發行的數位資產。每個 XAUt 代幣代表存放在瑞士金庫中的一金衡盎司實體黃金。它將黃金的穩定性與區塊鏈技術的效率結合在一起，可輕鬆轉移和部分所有權，而沒有實體所有權的缺點。

What Is aUSDT?

什麼是aUSDT？

aUSDT is an overcollateralized stablecoin backed by Tether Gold (XAUt). It maintains a stable value by tracking the U.S. dollar through the use of overcollateralization and liquidity pools.

aUSDT 是一種由 Tether Gold (XAUt) 支持的超額抵押穩定幣。它透過使用超額抵押和流動性池來追蹤美元，從而保持穩定的價值。

USDT vs. XAUt vs. aUSDT

USDT、XAUt、aUSDT

While USDT, XAUt and aUSDT all share the goal of providing stability, each of these stablecoins offers unique advantages tailored to meet the varied needs and preferences of crypto users.

雖然 USDT、XAUt 和 aUSDT 的共同目標都是提供穩定性，但這些穩定幣都具有獨特的優勢，可以滿足加密貨幣用戶的不同需求和偏好。

Similarities

相似之處

Stable Value

價值穩定

All three stablecoins aim to provide price stability, essential for their roles as mediums of exchange and stores of value. This stability is achieved by pegging their value to specific assets, ensuring their worth remains relatively constant.

所有三種穩定幣都旨在提供價格穩定，這對於它們作為交換媒介和價值儲存的作用至關重要。這種穩定性是透過將其價值與特定資產掛鉤來實現的，確保其價值保持相對穩定。

Blockchain-Based

基於區塊鏈

The USDT, XAUt and aUSDT digital tokens run on blockchain platforms. Blockchain technology's decentralized nature ensures secure, transparent and tamperproof transactions.

USDT、XAUt 和 aUSDT 數位代幣在區塊鏈平台上運行。區塊鏈技術的去中心化特性確保了交易的安全、透明和防篡改。

Differences

差異

Asset Backing

資產支持

USDT (Tether), XAUt (Tether Gold) and aUSDT (Alloy USDT) are all designed to offer stability, but each one gets its stability via different mechanisms.

USDT (Tether)、XAUt (Tether Gold) 和 aUSDT (Alloy USDT) 都是為了提供穩定性而設計的，但每一種都透過不同的機制獲得穩定性。

USDT is pegged to the U.S. dollar and backed by fiat currency reserves, ensuring each token holds a stable value of 1 USDT to 1 USD.

USDT 與美元掛鉤，並以法定貨幣儲備為後盾，確保每個代幣保持 1 USDT 對 1 美元的穩定價值。

XAUt, on the other hand, is pegged to physical gold, with each token representing ownership of a specific amount of gold stored in secure vaults. Investors benefit from exposure to gold, without the hassles of physical handling and storage.

另一方面，XAUt 與實體黃金掛鉤，每個代幣代表對儲存在安全金庫中的特定數量黃金的所有權。投資者可以從黃金投資中受益，而無需進行實體處理和儲存的麻煩。

aUSDT is backed by Tether Gold (XAUt), combining the stability of U.S. dollar tracking with the added security of gold reserves, making it a unique and reliable digital asset.

aUSDT 由 Tether Gold (XAUt) 支持，將美元追蹤的穩定性與黃金儲備的額外安全性結合起來，使其成為一種獨特且可靠的數位資產。

Primary Use Cases

主要用例

USDT is a versatile digital dollar that’s widely used for trading and hedging against cryptocurrency volatility. Functioning as a digital dollar, it eases transactions across various exchanges and platforms.

USDT 是一種多功能數位美元，廣泛用於交易和對沖加密貨幣波動性。作為數位美元，它簡化了各種交易所和平台之間的交易。

XAUt appeals to investors seeking the traditional security of gold, offering the convenience of a digital format that simplifies trading and storage when compared to physical gold.

XAUt 吸引了尋求傳統黃金安全性的投資者，它提供了數位格式的便利性，與實體黃金相比，簡化了交易和儲存。

In uncertain times, investors often turn to gold as a safe haven. This is where the appeal of the gold-backed XAUt shines, offering enhanced security alongside the stability of a traditional stablecoin. It provides a reliable option for smoother payments, trading and savings — the ultimate stablecoin experience.

在不確定的時期，投資者常常轉向黃金作為避風港。這就是黃金支持的 XAUt 的吸引力所在，它在提供傳統穩定幣穩定性的同時也提供了增強的安全性。它為更順暢的支付、交易和儲蓄提供了可靠的選擇——終極的穩定幣體驗。

Market Position

市場地位

USDT is the most widely recognized stablecoin, boasting a high market capitalization. Its broad acceptance across various cryptocurrency exchanges and platforms has solidified its status as a go-to choice for traders and investors looking for stability within the volatile crypto market.

USDT是最受廣泛認可的穩定幣，擁有較高的市值。它在各種加密貨幣交易所和平台上的廣泛接受鞏固了其作為在波動的加密貨幣市場中尋求穩定的交易者和投資者的首選地位。

Conversely, XAUt zooms in on a niche group of investors interested in the unique blend of cryptocurrency and gold. Backed by physical gold, XAUt distinguishes itself from other stablecoins by offering a way to invest in gold without the need for physical storage, appealing to those seeking a digital form of this traditional safe-haven asset.

相反，XAUt 瞄準了對加密貨幣和黃金的獨特組合感興趣的小眾投資者。在實體黃金的支持下，XAUt 與其他穩定幣的區別在於，它提供了一種無需物理存儲即可投資黃金的方式，吸引了那些尋求這種傳統避險資產數字形式的人。

A newer entrant in the stablecoin market, aUSDT combines the liquidity of a stablecoin with the added security of being backed by gold. This innovative approach makes a

aUSDT 是穩定幣市場的新進入者，它結合了穩定幣的流動性和黃金支持的額外安全性。這種創新方法使得