稳定币市场收复失地，触及 $190B 新高

根据 DeFiLlama 的数据，稳定币的总市值今年已增长 46%，至周日约 1900 亿美元，创历史新高。

The total market value of stablecoins has hit a new record high.

稳定币总市值再创新高。

According to DeFiLlama data on Sunday, the total market capitalization for stablecoins has increased by 46% this year, reaching a record high of around $190 billion.

根据 DeFiLlama 周日的数据，稳定币总市值今年增长了 46%，达到约 1900 亿美元的历史新高。

Stablecoins are a type of cryptocurrency designed to maintain a price that is consistently pegged to a fiat currency, typically the US dollar. They have primarily been used as a channel for traders to move funds into and out of other tokens. However, there is now increasing optimism that stablecoins could play a more prominent role in global commerce, especially as a tool for cross-border payments.

稳定币是一种加密货币，旨在维持与法定货币（通常是美元）始终挂钩的价格。它们主要用作交易者将资金转入和转出其他代币的渠道。然而，现在人们越来越乐观地认为，稳定币可以在全球商业中发挥更重要的作用，特别是作为跨境支付工具。

Tether, the issuer of the world’s largest stablecoin USDT, has seen its token's circulation soar to nearly $133 billion, which accounts for 70% of the total stablecoin market. The company is aiming to expand the use cases for USDT by venturing into new industries, including commodities. Recently, Tether announced the funding of its first crude oil transaction in the Middle East.

全球最大稳定币USDT发行商Tether，其代币发行量飙升至近1330亿美元，占稳定币市场总量的70%。该公司的目标是通过进军包括大宗商品在内的新行业来扩大 USDT 的用例。近日，Tether 宣布为其在中东的首笔原油交易提供融资。

Meanwhile, in October, Stripe Inc., a $70 billion fintech giant, announced plans to acquire stablecoin startup Bridge for $1.1 billion in one of the largest-ever acquisitions of a digital-asset startup. Other traditional finance firms, such as PayPal Holdings Inc., have also entered the sector.

与此同时，10 月份，价值 700 亿美元的金融科技巨头 Stripe Inc. 宣布计划以 11 亿美元收购稳定币初创公司 Bridge，这是有史以来规模最大的数字资产初创公司收购之一。 PayPal Holdings Inc.等其他传统金融公司也已进入该领域。

The engagement of stablecoins by such organizations may help to avert the type of steep market crash that occurred after the toppling of TerraUSD in May 2022. The unraveling of that stablecoin, which was linked to the Terra blockchain founded by Do Kwon, opened up a $19 billion hole in the stablecoin market that took more than two-and-a-half years to fill.

这些组织对稳定币的参与可能有助于避免 2022 年 5 月 TerraUSD 垮台后发生的那种急剧的市场崩盘。该稳定币与 Do Kwon 创立的 Terra 区块链相关联，其崩溃引发了 19 美元的价格下跌。稳定币市场上价值数十亿美元的漏洞花了两年半多的时间才被填补。

The recent surge in stablecoins coincides with a crypto rally that has been fueled by Donald Trump’s victory in the US presidential race. Despite initially being skeptical of the industry, Trump won over the sector with promises of more favorable policies.

最近稳定币的飙升与唐纳德·特朗普在美国总统竞选中获胜推动的加密货币上涨同时发生。尽管最初对该行业持怀疑态度，但特朗普通过承诺更优惠的政策赢得了该行业的支持。

According to data from CoinGecko, the overall value of the digital-assets market has risen by nearly a trillion dollars since the election. Bitcoin, the market bellwether, came close to reaching the $100,000 mark last week before pulling back. On Wednesday morning in London, Bitcoin was trading at $93,377.

根据 CoinGecko 的数据，自大选以来，数字资产市场的整体价值已增长近万亿美元。市场领头羊比特币上周一度接近 10 万美元大关，随后又回落。周三上午，伦敦比特币交易价格为 93,377 美元。