到2025年底，全球Stablecoin供应可能会飙升至1万亿美元

到2025年底，全球Stablecoin的供应可能会增加到1万亿美元，这有可能成为更广泛的加密货币市场增长的关键催化剂

The global stablecoin supply could surge to $1 trillion by the end of 2025, potentially becoming a key catalyst for broader cryptocurrency market growth, according to CoinFund managing partner David Pakman.

据CoinFund管理合伙人戴维·帕克曼（David Pakman）称，到2025年底，全球稳定的供应可能会增加到1万亿美元，这有可能成为更广泛的加密货币市场增长的关键催化剂。

“We’re in a stablecoin adoption upswell that’s likely to increase dramatically this year,” Pakman said during Cointelegraph’s Chainreaction live show on X on March 27. “We could go from $225 billion stablecoins to $1 trillion just this calendar year.”

帕克曼在3月27日在X上的Cointelegraph举行的Chainreactreaction现场表演中说：“我们正在接受一场稳定的收养，今年可能会大大增加。”

He noted that such growth, while modest compared to global financial markets, would represent a “meaningfully significant” shift for blockchain-based finance.

他指出，尽管与全球金融市场相比，这种增长虽然谦虚，但对于基于区块链的金融来说，这将代表“有意义的重大”转变。

Pakman also suggested that the rise in capital flowing onchain, combined with growing interest in exchange-traded funds (ETFs), could further support decentralized finance (DeFi) activity:

Pakman还建议，流动的OnChain资本上升，以及对交易所交易基金（ETF）的兴趣日益增加，可以进一步支持分散的财务（DEFI）活动：

The aggregate stablecoin supply stood at an all-time high of above $208 billion across the five largest stablecoins on March 28, according to Glassnode data.

根据GlassNode的数据，在3月28日，总五个最大的Stablecoins的总高度高于2080亿美元的总高度。

Stablecoins, aggregate supplies. Source: Glassnode

Stablecoins，总供应。来源：玻璃节

“This is the major catalyst that’s been missing for over a decade: a major movement of people’s wealth onchain that brings everyone else on,” added Pakman.

Pakman补充说：“这是十多年来缺少的主要催化剂：人们的财富主要运动带来了其他所有人。”

The growing stablecoin supply recently surpassed $219 billion and continues to rise, suggesting that the market is “likely still mid-cycle” as opposed to the top of the bull run, according to IntoTheBlock analysts.

根据Intotheblock分析师的说法，日益增长的Stablecoin供应最近超过了2190亿美元，并继续上升，这表明该市场“可能仍然是中期的”，而不是公牛运行的最高点。

Stablecoin payment adoption on the rise

稳定的付款收养

Stablecoins use for daily payments is on the rise, illustrating the efficacy of blockchain-based transactions.

用于日常支付的稳定币正在上升，这说明了基于区块链的交易的功效。

“We’re up over 22x in stablecoin volume since 2021,” Pakman said, adding:

“自2021年以来，我们的稳定量超过22倍，” Pakman补充说：

BTC-to-stablecoin ratio. Source: Ki Young Ju

BTC与稳定的比率。资料来源：Ki Young Ju

That aligns with recent comments from CryptoQuant founder and CEO Ki Young Ju, who said stablecoins are increasingly being used for remittance payments and as a store of value. However, Ju said stablecoin supply won’t pump Bitcoin’s (BTC) price without additional catalysts.

这与CryptoQuant创始人兼首席执行官Ki Young Ju的最新评论相吻合，他们说，稳定币越来越多地用于汇款和价值存储。但是，JU说，如果没有其他催化剂，Stablecoin供应将不会抽出比特币（BTC）价格。