数字货币：信任的新领域

在数字货币的动态领域，信任呈现出新的维度。 Varun 讨论稳定币的扩散，包括 Tether 等成功案例

The advent of digital currencies has opened up a new frontier in the realm of trust. While traditional fiat currencies are backed by the trust in central banks and governments, digital currencies operate on a decentralised network, introducing a unique set of dynamics.

数字货币的出现开辟了信任领域的新领域。虽然传统的法定货币受到中央银行和政府信任的支持，但数字货币在去中心化网络上运行，引入了一系列独特的动态。

In this article, Varun discusses the increasing proliferation of stablecoins, which are digital currencies pegged to a fiat currency like the US dollar. Among the prominent stablecoins in the market are Tether (USDT) and Circle's USD Coin (USDC), both of which have seen substantial adoption and integration into various cryptocurrency exchanges and decentralized finance (DeFi) protocols.

在本文中，瓦伦讨论了稳定币的日益扩散，稳定币是与美元等法定货币挂钩的数字货币。市场上著名的稳定币包括 Tether (USDT) 和 Circle 的美元硬币 (USDC)，这两种稳定币都已被大量采用并集成到各种加密货币交易所和去中心化金融 (DeFi) 协议中。

However, the article also delves into the darker side of stablecoins, highlighting the spectacular collapse of Terra Luna's UST, once the third-largest stablecoin by market capitalisation. The failure of UST to maintain its peg to the US dollar and its subsequent delisting from major cryptocurrency exchanges brought into sharp focus the critical role of robust reserve management in maintaining the trust of token holders.

然而，这篇文章还深入探讨了稳定币的阴暗面，强调了曾经是市值第三大稳定币的 Terra Luna 的 UST 的惊人崩溃。 UST 未能维持与美元挂钩以及随后从主要加密货币交易所退市，使人们强烈关注强有力的储备管理在维持代币持有者信任方面的关键作用。

The article further underscores the fragility of trust in digital currencies, particularly in the wake of events like the Silicon Valley Bank crisis, which briefly caused USDC to lose its peg to the US dollar. As Varun aptly puts it, “But it's not only trust in the value of the currency that it's important with digital money.

这篇文章进一步强调了对数字货币信任的脆弱性，特别是在硅谷银行危机等事件发生后，该危机曾短暂导致 USDC 失去与美元挂钩的地位。正如瓦伦恰当地指出的那样，“但对于数字货币来说，重要的不仅仅是对货币价值的信任。

“With a new technology like this, people need to be able to trust in the operation as well and data privacy is core to that.”

“有了这样的新技术，人们还需要能够信任其操作，而数据隐私是其核心。”

Highlighting the sensitivity of digital currencies to issues of data privacy, the article goes on to cite the example of Facebook's Libra project, which encountered significant roadblocks due to concerns among regulators and the public over the potential misuse of data. This ultimately led to the project being abandoned.

文章强调了数字货币对数据隐私问题的敏感性，并引用了 Facebook 的 Libra 项目的例子，由于监管机构和公众对潜在的数据滥用的担忧，该项目遇到了重大障碍。这最终导致该项目被放弃。

In light of these challenges, the article suggests that banks, with their long-standing experience in creating money and deep expertise in compliance, are uniquely positioned to play a pivotal role.

鉴于这些挑战，文章认为，银行凭借其在创造货币方面的长期经验和在合规方面深厚的专业知识，具有独特的优势，可以发挥关键作用。

By embracing new technologies and adapting to the evolving landscape, banks can maintain their relevance and continue to serve the financial needs of their customers in the digital age.

通过采用新技术并适应不断变化的环境，银行可以保持其相关性并继续满足数字时代客户的金融需求。

One promising avenue for collaboration, as Varun suggests, is the tokenisation of bank deposits, which would allow banks to maintain their central role in the financial system while simultaneously addressing consumer concerns pertaining to privacy and the security of their funds.

正如瓦伦所说，一种有前景的合作途径是银行存款的代币化，这将使银行能够保持其在金融体系中的核心地位，同时解决消费者对隐私和资金安全的担忧。