具有收益的穩定幣準備挑戰市場領導者

去中心化金融（DeFi）協議 Angle 推出了一種新的與美元掛鉤的穩定幣 USDA，旨在提供來自現實世界資產支援和 DeFi 借貸收入的收益。美國農業部由美國國庫券支持，並為利害關係人提供至少 5% 的收益率。在收益穩定幣的興起中，Angle 還尋求建立一個基於區塊鏈的外幣兌換中心，用於歐元美元兌換。

Will Yield-Bearing Stablecoins Eat Stablecoin Market Share?

具有收益的穩定幣會蠶食穩定幣的市佔率嗎？

Stablecoins, digital currencies pegged to fiat currencies like the U.S. dollar, have been gaining traction in decentralized finance (DeFi). But now, a new breed of yield-bearing stablecoins is emerging, offering holders a piece of the action.

穩定幣，即與美元等法定貨幣掛鉤的數位貨幣，在去中心化金融（DeFi）領域一直受到關注。但現在，一種新型的有收益的穩定幣正在出現，為持有者提供了行動機會。

Angle Protocol's USDA stablecoin, backed by U.S. Treasury bills and tokenized T-bills, is the latest entrant. By staking USDA, holders can earn rewards from yield generated by the backing assets and DeFi lending. The target yield is a tempting 5%.

Angle Protocol 的 USDA 穩定幣是最新進入者，由美國國庫券和代幣化國庫券支持。透過質押 USDA，持有者可以從支持資產和 DeFi 借貸產生的收益中獲得獎勵。目標收益率是誘人的 5%。

The Rise of Yield-Bearing Stablecoins

具有收益的穩定幣的崛起

Yield-bearing stablecoins have been popping up like mushrooms lately. Mountain USD and Ethena's USDe have already attracted hundreds of millions in deposits. And BlackRock, a financial heavyweight, recently launched its own dollar-pegged token, BUIDL.

近期，收益型穩定幣如雨後春筍般出現。 Mountain USD 和 Ethena 的 USDe 已經吸引了數億存款。金融巨頭貝萊德最近推出了自己的與美元掛鉤的代幣BUIDL。

USDT and USDC, the current stablecoin market leaders, don't pass on the yield earned on their backing assets. This has created an opportunity for yield-bearing stablecoins to tempt holders away.

目前穩定幣市場的領導者 USDT 和 USDC 不會將其支持資產所賺取的收益轉嫁出去。這為產生收益的穩定幣創造了一個吸引持有者離開的機會。

Angle's Forex Ambitions

Angle 的外匯野心

Angle doesn't just want to offer a yield-bearing stablecoin; it also aims to establish a blockchain-based forex hub. With its existing EURA token, pegged to the euro, and USDA, Angle wants to enable seamless currency conversion between euros and dollars without fees or slippage.

Angle 不僅想提供一種有收益的穩定幣；它還旨在建立一個基於區塊鏈的外匯中心。 Angle 希望利用現有的與歐元掛鉤的 EURA 代幣和 USDA，實現歐元和美元之間的無縫貨幣兌換，而無需支付任何費用或滑點。

"The forex market is huge, but it's tough to find a DeFi protocol offering on-chain currencies trading at the real forex rate," says Pablo Veyrat, CEO of Angle Labs.

Angle Labs 執行長 Pablo Veyrat 表示：“外匯市場巨大，但很難找到一個能夠以真實外匯匯率提供鏈上貨幣交易的 DeFi 協議。”

Liquidity and Accessibility

流動性和可近性

To boost liquidity for USDA, Angle will allow users to convert USDC to USDA and back, without incurring any fees. USDA will undergo beta testing in the coming days, with a broader roll-out planned for April.

為了增加 USDA 的流動性，Angle 將允許用戶將 USDC 兌換為 USDA 並兌換回來，而無需支付任何費用。美國農業部將在未來幾天內進行 Beta 測試，並計劃在四月進行更廣泛的推廣。

U.S. Investors Left Out

美國投資者被排除在外

One potential drawback for USDA is its restriction to non-U.S.-based investors. This limitation may prevent it from tapping into the significant market potential within the U.S.

美國農業部的一個潛在缺點是其對非美國投資者的限制。這項限制可能會阻止它開發美國境內的巨大市場潛力。