Stablecoin市场在2025年增长了16.97B美元，表明加密货币市场的流动性增加

Stablecoin市场最近在估值中增长，这对于比特币和其他风险资产可能是看好的。

The stablecoin market has seen significant growth in 2025, adding about $16.97 billion since the start of the year, according to blockchain analytics platform Glassnode.

根据Blockchain Analytics Platform GlassNode的数据，Stablecoin市场在2025年的增长幅度显着增长，自今年年初以来增加了约169.7亿美元。

The firm revealed that the total stablecoin circulating supply has risen from about $194.2 billion to around $211.2 billion this year. Notably, this growth suggests increasing liquidity in the crypto market.

该公司透露，稳定的总供应量已从今年的约1942亿美元增加到约2112亿美元。值得注意的是，这种增长表明加密货币市场的流动性增加。

However, Glassnode noted that stablecoin issuance has not been uniform throughout the year. In November and December 2024, the market grew by roughly $450 million every day.

但是，GlassNode指出，Stablecoin的发行全年都不统一。在2024年11月和12月，市场每天增长约4.5亿美元。

Nonetheless, the pace slowed in January 2025, averaging $400 million per day. This month, growth picked up again, with an average daily increase of $541 million.

尽管如此，速度在2025年1月放慢，平均每天4亿美元。本月，增长再次获得，平均每日增加5.41亿美元。

Mid-January saw a notable spike, as the seven-day average stablecoin issuance moved above the 30-day simple moving average (SMA). This indicated renewed short-term demand, signaling that capital is flowing back into crypto.

1月中旬，由于7天的平均稳定发行率超过了30天简单的移动平均线（SMA），因此1月中旬的尖峰。这表明更新了短期需求，这表明资本正在流回加密货币。

For context, several large stablecoin issuances have occurred over the past week alone. On Feb. 4, blockchain tracking platform Whale Alert reported that Tether minted 1 billion USDT in a single transaction.

在上下文中，仅在过去一周中就发生了几次大型稳定发行。 2月4日，区块链跟踪平台鲸鱼警报报告说，Tether在一次交易中铸造了10亿美元。

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,000,415,000 USD) minted at Tether Treasuryhttps://t.co/X3KOENIS50

在Tether tether tetheryhttps：//t.co/x3koenis50上，铸造在Tether tether tertheryhttps：//x3koenis50

— Whale Alert (@whale_alert) February 4, 2025

- 鲸鱼警报（@whale_alert）2025年2月4日

Additionally, Circle, the issuer of USDC, minted 750 million USDC across three separate instances on Feb. 4, 6, and 7, with each issuance totaling 250 million USDC. Further, in total, Circle has created 1.057 billion USDC in February alone. Paxos, the issuer of PYUSD, also added 65 million PYUSD to the supply this month.

此外，USDC的发行人Circle在2月4日，6日和7日在三个单独的实例上铸造了7.5亿美元，每次发行总计2.5亿美元。此外，Circle总共仅在2月就创建了10.57亿美元。 Pyusd的发行人Paxos也在本月的供应中增加了6500万Pyusd。

USDT still leads the stablecoin market despite MiCA challenges

尽管有云母挑战，美国农业部仍然领导稳定市场

Notably, the stablecoin market capitalization has now grown to $230 billion, according to CoinMarketCap. Tether continues to lead, with a market cap of $141.9 billion, despite facing regulatory issues under the European Union’s MiCA framework, which has led to several exchange delistings.

根据CoinMarketCap的数据，值得注意的是，Stablecoin市值现已增长到2,300亿美元。尽管在欧盟的云母框架下面临监管问题，但莱恩继续领先，市值达到1419亿美元，这导致了几项交易所脱颖而出。

USDC follows with a market capitalization of $56.2 billion. Ethena USDe (USDe) ranks third with $6 billion, while Dai (DAI) holds the fourth position with $5.3 billion.

USDC随后的市值为562亿美元。 Ethena USDE（USDE）以60亿美元的价格排名第三，而Dai（Dai）以53亿美元的价格持有第四名。

Stablecoin growth can be bullish for Bitcoin, crypto: Here’s why

稳定的增长可能是比特币的看涨，加密：这就是为什么

The increasing stablecoin supply is often a precursor to higher buying pressure in the crypto market. When investors hold more stablecoins, they usually position themselves to buy risk assets, which can drive prices higher.

稳定量的增加通常是加密货币市场上购买压力更高的前体。当投资者拥有更多的稳定币时，他们通常将自己定位为购买风险资产，这会推动价格更高。

Meanwhile, Santiment recently reported that crypto traders had shifted their attention toward Bitcoin and Layer-1 blockchains, such as Cardano, Toncoin, Solana, and Ethereum.

同时，Santiment最近报道说，加密货币交易员将注意力转移到了比特币和第1层区块链上，例如Cardano，Toncoin，Solana和Ethereum。

😀 The crypto community has largely shifted their attention to Bitcoin and other Layer 1 assets like Ethereum, Solana, Toncoin, and Cardano. Collectively, the top Layer 1 assets are getting 44.2% of discussions among specific coins. Meanwhile, top meme coins like Dogecoin, Shiba… pic.twitter.com/PpBjD9vSi4

Crypto社区在很大程度上将注意力转移到了比特币和其他第1层资产，例如以太坊，Solana，Toncoin和Cardano。总的来说，第一层资产在特定硬币中获得了44.2％的讨论。同时，诸如Dogecoin，shiba等顶级模因硬币…pic.twitter.com/ppbjd9vsi4

— Santiment (@santimentfeed) February 10, 2025

- Santiment（@santimentFeed）2025年2月10日

These assets collectively account for 44.2% of discussions in the crypto community. Meanwhile, interest in meme coins like Dogecoin, Shiba Inu, and Pepe has declined.

这些资产共同占加密社区中讨论的44.2％。同时，对诸如Dogecoin，Shiba Inu和Pepe等模因硬币的兴趣已经下降。

According to Santiment, this change leads to a more stable market environment. Meme coins typically thrive on speculative hype, but when the focus moves to Bitcoin and Layer 1 networks, it suggests a more mature and sustainable growth phase.

根据Santiment的说法，这种变化导致了更稳定的市场环境。模因硬币通常会在投机性炒作上壮成长，但是当焦点转移到比特币和第1层网络时，它表明了一个更成熟和可持续的增长阶段。

Historically, excessive speculation in meme coins has preceded market corrections. In contrast, rising interest in core blockchain infrastructure often points to a stronger foundation for long-term growth.

从历史上看，模因硬币中的过度猜测已在市场纠正之前。相比之下，对核心区块链基础设施的兴趣不断增加，通常是为长期增长的更强大的基础。