随着市场扩张，美元稳定币供应量飙升至接近历史最高水平

随着新代币的发行加剧了市场竞争，与美元挂钩的稳定币的总供应量正在接近之前的历史最高水平。由于 Ethena 的 USDe 稳定币市值不断上升，供应量激增至 1650 亿美元。该市场目前由 USDT（占据 70% 的市场份额）和 USDC 主导，随着 Ethena、PayPal 和 Ripple 推出新的稳定币，该市场正在扩大，这表明该行业的潜在增长。

Surge in US Dollar-Pegged Stablecoins Nears Previous All-Time High Amidst Market Expansion

随着市场扩张，与美元挂钩的稳定币飙升至历史新高

The total supply of stablecoins pegged to the US dollar has witnessed a significant increase, approaching its previous all-time high. This surge is attributed to the proliferation of new token issuances that have intensified competition within the stablecoin market.

与美元挂钩的稳定币总供应量大幅增加，接近历史新高。这一激增归因于新代币发行的激增，加剧了稳定币市场内的竞争。

As of the latter part of last week, the total supply of USD-pegged stablecoins had reached $165 billion, marking the highest token level observed in nearly two years, as per The Block Data Dashboard. The burgeoning supply of stablecoins has been driven in part by the escalating market capitalization of Ethena's "synthetic dollar" or USDe stablecoin, which has recently stabilized around $2.4 billion.

根据 The Block Data Dashboard 的数据，截至上周下旬，与美元挂钩的稳定币总供应量已达到 1650 亿美元，创下近两年来的最高水平。稳定币供应量的迅速增长在一定程度上是由 Ethena 的“合成美元”或 USDe 稳定币市值不断上升推动的，该稳定币最近稳定在 24 亿美元左右。

This latest surge in supply on Thursday, amounting to $165 billion, represented the highest supply level since late June 2022, as indicated by The Block Data Dashboard. The previous all-time high for supply stood at over $180 billion.

根据 The Block Data Dashboard 的数据，周四的最新供应激增达到 1650 亿美元，代表了自 2022 年 6 月下旬以来的最高供应水平。之前的历史最高供应量超过 1800 亿美元。

Growing Market Share and Diversification

不断增长的市场份额和多元化

The USD-pegged stablecoin market, which has long been dominated by Tether's USDT and Circle's USDC, is experiencing growth in both total supply and the number of options available. USDT maintains a commanding market share of approximately 70%, according to data from DeFiLlama.

与美元挂钩的稳定币市场长期以来一直由 Tether 的 USDT 和 Circle 的 USDC 主导，目前其总供应量和可用期权数量都在增长。根据 DeFiLlama 的数据，USDT 保持着约 70% 的主导市场份额。

In addition to Ethena's recent stablecoin launch over two months ago, PayPal, headquartered in Silicon Valley, introduced its own stablecoin in collaboration with Paxos in August 2023. Earlier this month, Ripple announced its intention to issue a USD-pegged stablecoin later in the year.

除了两个多月前推出的 Ethena 稳定币之外，总部位于硅谷的 PayPal 还在 2023 年 8 月与 Paxos 合作推出了自己的稳定币。本月早些时候，Ripple 宣布打算在今年晚些时候发行与美元挂钩的稳定币。

At the time of its announcement, Ripple projected a rapid expansion of the stablecoin market in the coming years, forecasting a potential market size of $2.8 trillion by 2028.

Ripple 在宣布这一消息时预计稳定币市场将在未来几年快速扩张，预计到 2028 年潜在市场规模将达到 2.8 万亿美元。