美元对加密货币的控制力是否太强？

在加密货币领域，通过 USDT、USDC 和 Dai 等占主导地位的稳定币，美元的地位依然强劲。尤其是 USDT，以 71.4% 的市场份额脱颖而出，展示了其韧性和在交易者中坚定不移的受欢迎程度。尽管偶尔会引起争议，但美元支持的稳定币继续证明自己是不断发展的数字资产世界中不可阻挡的力量。

Is the Dollar's Grip on Crypto Too Tight?

美元对加密货币的控制是否太紧？

In the realm of digital assets, the dominance of stablecoins pegged to the U.S. dollar is undeniable. According to the Real World Asset Report of 2024, USDT, USDC, and Dai reign supreme, accounting for a combined 98% of the market.

在数字资产领域，与美元挂钩的稳定币的主导地位是不可否认的。根据《2024 年现实世界资产报告》，USDT、USDC 和 Dai 占据主导地位，合计占据 98% 的市场份额。

USDT: The Unstoppable Force

USDT：不可阻挡的力量

Tether (USDT) continues to lead the pack, with a commanding 71.4% market share. Despite occasional controversies, USDT has weathered the storms and maintained its position as the go-to stablecoin for many crypto traders.

Tether (USDT) 继续领先，占据 71.4% 的市场份额。尽管偶尔会出现争议，但 USDT 仍然经受住了风暴，并保持了许多加密货币交易者首选稳定币的地位。

USDC: Struggling to Regain Ground

USDC：努力夺回阵地

USDC, the second-largest stablecoin, has faced challenges in recent times. A brief de-pegging incident during the U.S. banking crisis of March 2023 shook confidence in the stablecoin. As a result, USDC has struggled to reclaim its lost ground.

USDC 作为第二大稳定币，近年来面临着挑战。 2023 年 3 月美国银行业危机期间发生的一次短暂的脱钩事件动摇了人们对稳定币的信心。因此，USDC 一直在努力收复失地。

Non-USD Stablecoins: A Drop in the Bucket

非美元稳定币：九牛一毛

While the U.S. dollar reigns supreme in the stablecoin market, alternative fiat-backed stablecoins have yet to gain significant traction. Euro Tether, CNH Tether, Mexican Peso Tether, and others combined account for a mere 1% of the market share.

尽管美元在稳定币市场占据主导地位，但替代性的法定支持的稳定币尚未获得显着的吸引力。 Euro Tether、CNH Tether、墨西哥比索 Tether 等合计仅占市场份额的 1%。

Stablecoin Market: A Growth Story

稳定币市场：一个成长故事

From its humble beginnings in 2020, the stablecoin market has experienced remarkable growth. Market capitalization surged from $5.2 billion to a peak of $150.1 billion in March 2022, before declining amidst market fluctuations.

从 2020 年的起步阶段开始，稳定币市场经历了显着的增长。 2022 年 3 月，市值从 52 亿美元飙升至 1501 亿美元的峰值，随后在市场波动中下降。

2024: A Resurgence for Stablecoins

2024 年：稳定币的复兴

Despite the market volatility of recent years, stablecoins have shown resilience. As of February 1, 2024, the market cap of stablecoins had climbed to $134.6 billion, reflecting a 4.9% growth since the beginning of the year.

尽管近年来市场波动较大，但稳定币却表现出了韧性。截至 2024 年 2 月 1 日，稳定币市值已攀升至 1346 亿美元，较年初增长 4.9%。

Conclusion: Is the Dollar's Dominance a Concern?

结论：美元的主导地位值得担忧吗？

The dominance of USD-pegged stablecoins raises questions about the potential for financial instability if the U.S. dollar were to weaken. While the report acknowledges the diversification efforts of alternative stablecoins, their limited market share suggests that the dollar's grip on crypto remains firm. It remains to be seen whether this concentration will continue or if non-USD stablecoins will eventually gain traction in the years to come.

与美元挂钩的稳定币的主导地位引发了人们的疑问：如果美元走弱，金融不稳定的可能性会增加。尽管该报告承认替代稳定币的多元化努力，但其有限的市场份额表明美元对加密货币的控制仍然牢固。这种集中度是否会持续，或者非美元稳定币是否最终会在未来几年获得关注，还有待观察。