为什么我对Stablecoin领域以及如何在这个市场上捕获增长机会感到乐观

Stablecoins表现出巨大的发展潜力，并有望将来成为万亿美元的市场。

A few months ago, the discussion in the cryptocurrency community was still focused on memecoins and celebrity coins, and many people were keen to speculate which coin to invest in next. However, now the focus has quietly shifted. Stablecoins and real world assets (RWA) have become the core topics of industry discussion.

几个月前，加密货币社区的讨论仍集中在成员和名人硬币上，许多人热衷于推测下一个投资的硬币。但是，现在的重点已经悄悄地转移了。 Stablecoins和现实世界资产（RWA）已成为行业讨论的核心主题。

Stablecoins are showing great potential for development and are expected to become a trillion-dollar market in the future. In this article, I will share why I am optimistic about the stablecoin field and explore how to seize the growth opportunities in this market.

Stablecoins表现出巨大的发展潜力，并有望将来成为万亿美元的市场。在本文中，我将分享为什么我对Stablecoin领域感到乐观，并探索如何抓住这个市场的增长机会。

Why am I optimistic about stablecoins?

为什么我对稳定币感到乐观？

Currently, the stablecoin field is welcoming a series of favorable factors:

目前，Stablecoin领域欢迎一系列有利的因素：

* A more friendly regulatory environment

*一个更友好的监管环境

The Trump administration plans to pass stablecoin-related legislation by August, hoping to further consolidate the dollar's global dominance. This will pave the way for the legalization and popularization of stablecoins.

特朗普政府计划在八月之前通过与稳定相关的立法，希望进一步巩固美元的全球统治地位。这将为Stablecoins的合法化和普及铺平道路。

* Traditional financial giants enter the market

*传统金融巨头进入市场

Fidelity Investments, which manages $6 trillion in global assets, announced this week that it would launch its own stablecoin. This marks a significant recognition of this field by traditional financial institutions and also injects confidence into the stablecoin market.

Fidelity Investments管理着6万亿美元的全球资产，本周宣布将推出自己的Stablecoin。这标志着传统金融机构对这一领域的重大认可，并向稳定市场注入信心。

* High-yield stablecoin products

*高收益Stablecoin产品

Some interest-bearing stablecoins offer attractive annualized yields of 20%-30% through decentralized applications (dApps). These products not only attract crypto investors, but also begin to attract attention from the traditional financial sector.

通过分散申请（DAPPS），一些带有利息的稳定的稳定剂提供20％-30％的有吸引力的年化收益率。这些产品不仅吸引了加密投资者，而且还开始引起传统金融领域的关注。

In addition, the advantages of stablecoins are particularly significant in the field of cross-border payments. The international transfer fees of traditional payment companies are high, but when using stablecoins for payment, these fees are almost negligible. With the gradual implementation of stablecoin-friendly legislation in the United States, its popularity is expected to rise rapidly in the next few years.

此外，在跨境支付领域中，稳定的优势尤其重要。传统支付公司的国际转让费很高，但是在使用Stablecoins付款时，这些费用几乎可以忽略不计。随着在美国逐步实施稳定的立法，其受欢迎程度预计将在未来几年内迅速增长。

How to seize the growth opportunities in the stablecoin market?

如何在Stablecoin市场抓住增长机会？

* Invest in stablecoin-related protocol tokens

*投资与Stablecoin相关的协议令牌

Although mainstream stablecoin issuers such as Circle and Tether have not yet provided direct investment channels to ordinary investors, stablecoin-related protocol tokens are still options worth paying attention to, such as Ethena ($ENA) and MakerDAO/Sky ($MKR). These protocols have attracted billions of dollars in total locked value (TVL) and are expected to benefit from the expansion of the stablecoin market.

尽管诸如Circle和Tether之类的主流Stablecoin发行人尚未向普通投资者提供直接投资渠道，但与StableCoin相关的协议令牌令牌仍然值得关注，例如Ethena（$ ENA）和Makerdao/Sky（$ MKR）。这些协议吸引了数十亿美元的总锁定价值（TVL），并有望从Stablecoin市场的扩展中受益。

However, it should be noted that both tokens have their own problems. Only 34% of $ENA tokens are currently in circulation, and a high inflation rate is expected in the future. MKR has basically stagnated in TVL growth in the past few years and has failed to benefit from the rapid growth of the stablecoin market. Despite this, on-chain data shows that "smart money" with market insight is increasing its holdings of ENA and MKR, indicating that these tokens may have relatively good performance in the future.

但是，应该指出的是，两个令牌都有自己的问题。目前只有34％的$ ena代币流通，并且预计将来会有高通货膨胀率。在过去的几年中，MKR基本上已经停滞在TVL增长中，并且未能从Stablecoin市场的快速增长中受益。尽管如此，链上的数据表明，带有市场洞察力的“智能货币”正在增加其对ENA和MKR的持有，这表明这些令牌在将来的性能可能相对较好。

In addition, projects such as DeFi project AAVE and decentralized application Pendle may also benefit from the expansion of the stablecoin market. A large part of their TVL comes from stablecoins. If the supply of stablecoins continues to grow, the TVL, revenue and transaction fees of these protocols are also expected to increase simultaneously.

此外，诸如Defi Project AAVE和分散的应用程序Pendle之类的项目也可以从Stablecoin市场的扩展中受益。他们的TVL很大一部分来自Stablecoins。如果稳定币的供应继续增长，则预计这些协议的TVL，收入和交易费用也将同时增加。

* Participate in airdrops of stablecoin protocols that have not yet launched their tokens

*参与尚未启动令牌的Stablecoin协议的空投

Many emerging stablecoin protocols have launched point reward programs to provide generous rewards to early users. Here are a few protocols worth noting and their strategies:

许多新兴的Stablecoin协议已经启动了点奖励计划，以向早期用户提供慷慨的奖励。这里有一些值得注意的协议及其策略：

1. Resolv: A risk-neutral stablecoin with a dual-token model.

1。resolv：带有双重模型的风险中立的稳定菌。

Resolv's stablecoin USR and vault token RLP constitute its dual token system. RLP, as the insurance token of USR, provides risk protection while providing users with higher rewards.

Resolv的Stablecoin USR和Vault代币RLP构成了双代币系统。 RLP作为USR的保险令牌，在为用户提供更高奖励的同时提供了风险保护。

Users can convert USDC to USR through the Resolv app and deposit it into the HyperUSD vault. HyperUSD is a new type of vault that automatically optimizes the liquidity deployment of Hyperliquid DeFi. By depositing funds into the HyperUSD vault, users can receive 30x point rewards and additional points from the Hyperliquid ecosystem.

用户可以通过Resolv应用程序将USDC转换为USR，并将其存放到HyperUSD保管库中。 HyperUSD是一种新型的保险库，它会自动优化超流动性DEFI的流动性部署。通过将资金存入HyperUSD保管库，用户可以从超流利生态系统中获得30倍的奖励和其他点。

2. Level Finance: An interest-bearing stablecoin that supports DeFi native yields.

2。级别的融资：一种支持Defi天然产量的承担利息的稳定菌。

Level Finance's stablecoin lvlUSD is backed by USDC and USDT, and these funds are automatically deposited into DeFi protocols such as AAVE to generate yield. Users can start earning yields after pledging lvlUSD to slvlUSD. For example, users can earn 14% annualized yield (APY) and 20x Level points by providing stablecoins to Pendle's slvlUSD liquidity pool.

Level Finance的Stablecoin LVLUSD得到了USDC和USDT的支持，这些资金会自动存放到Fefi协议中，例如产生收益率的AAVE。将LVLUSD保证为Slvlusd后，用户可以开始赚取收益。例如，用户可以通过为Pendle的Slvlusd流动性池提供稳定的年度收益率（APY）和20倍级别的积分。

Level Finance is backed by two well-known crypto venture capital firms, Dragonfly and Polychain, and is likely to issue tokens in the future.

Level Finance由两家著名的加密风险投资公司（Dragonfly and Polychain）的支持，将来可能会发行代币。

3. Coinshift: An on-chain treasury solution that delivers institutional-grade returns.

3. CoinShift：一个链库库解决方案，可提供机构级别的回报。

Its yield stablecoin csUSDL generates income through US Treasuries and cash equivalents. In just 4 months of listing, the supply of csUSDL

它的收益率CSUSDL通过美国国库和现金等价物产生收入。在列出的短短4个月内，CSUSDL的供应