Stablecoins是最近的前部和中心：关键法案已经通过美国国会

在欧洲，Stablecoins面临更严格的监管制度，交易所的交流将许多不符合加密资产市场（MICA）监管套餐的硬币划分

Stablecoins are a hot topic in the crypto industry, and for good reason. These digital assets, which are pegged to a stable value such as the US dollar, play a crucial role in enabling efficient and cost-effective crypto payments.

稳定币是加密行业的热门话题，这是有充分理由的。这些数字资产将其固定在稳定价值（例如美元）中，在实现高效且具有成本效益的加密付款方面起着至关重要的作用。

However, the legal framework governing stablecoins is still under development, especially in the U.S., where the industry is closely watching the progress of the STABLE Act.

但是，管理稳定币的法律框架仍在开发中，尤其是在美国，该行业正在密切关注稳定行为的进步。

This bill, which stands for Stablecoin Transparency and Accountability for Better Ledger Economy, aims to provide clear ground rules for stablecoins used in payments, those tied to the US dollar, and disclosure provisions for stablecoin issuers.

该法案代表稳定的透明度和对更好的账本经济的问责制，旨在为付款中使用的稳定币，与美元息息相关的稳定币，以及对Stablecoin发行人的披露规定。

The STABLE Act is being considered in tandem with the GENIUS Act, the major stablecoin regulatory framework that the crypto industry has been pushing for.

稳定的法案与《天才法案》（Genius Act）一起考虑，这是加密货币行业一直在推动的主要稳定监管框架。

Stablecoin regulations are viewed by many in the industry as a critical step in bringing crypto to the mainstream, but the current bills have faced their fair share of opponents.

该行业中的许多人认为Stablecoin法规是将加密货币带入主流的关键一步，但目前的法案已面临相当多的对手。

Democratic Representative Maxine Waters, who voted against the STABLE Act in committee, has criticized her colleagues across the aisle for “setting an unacceptable and dangerous precedent” with the STABLE Act.

在委员会中投票反对这一稳定法案的民主党代表麦克金·沃特斯（Maxine Waters）批评了她在过道上的同事，因为她对稳定法案“设定了不可接受和危险的先例”。

Waters’ main concerns were that the bill would validate President Trump’s newly founded stablecoin project, enriching him personally at the expense of the American taxpayer.

沃特斯（Waters）的主要关注点是该法案将验证特朗普总统新成立的Stablecoin项目，以牺牲美国纳税人为代价，使他个人丰富。

FDUSD stablecoin depegs

fdusd stablecoin depegs

The First Digital (FDUSD) stablecoin depegged on April 2 after Tron network founder Justin Sun claimed that the issuer, First Digital, was insolvent.

在Tron Network创始人Justin Sun声称第一个Digital的发行人无力偿债之后，第一个数字（FDUSD）Stablecoin Depegg于4月2日举行。

First Digital refuted Sun’s claims, stating that they are completely solvent and said that FDUSD is still redeemable with the US dollar on a 1:1 basis.

首先，数字驳斥了Sun的主张，称它们是完全溶剂的，并表示FDUSD仍然可以以1：1的基础兑换美元。

“Every dollar backing FDUSD is completely secure, safe, and accounted for with US-backed Treasury Bills. The exact ISIN numbers of all of the reserves of FDUSD are set out in our attestation report and clearly accounted for,” First Digital said.

“每美元的备用FDUSD都是完全安全，安全的，并且根据美国支持的财政账单进行了责任。FDUSD所有储备金的确切ISIN数字都在我们的证明报告中列出，并明确考虑了。”

Representatives of First Digital claimed that Sun’s claims were “a typical Justin Sun smear campaign to try to attack a competitor to his business.”

第一位数字的代表声称，太阳的主张是“典型的贾斯汀·孙子涂片运动，试图攻击竞争对手的业务。”

Trump’s WLFI launches stablecoin

特朗普的WLFI推出了Stablecoin

World Liberty Financial, the Trump family’s decentralized finance project, has launched a US dollar-pegged stablecoin with a total supply of more than $3.5 million.

特朗普家族的权力下放金融项目世界自由金融公司（World Liberty Financial）发起了一美元的稳定稳定性，总供应超过350万美元。

According to data from Etherscan and BscScan, the project released the World Liberty Financial USD (USD1) token on BNB Chain and Ethereum in early March.

根据Etherscan和BSCSCAN的数据，该项目于3月初发布了BNB链和以太坊上的世界自由金融USD（USD1）令牌。

USD1 has drawn sharp criticism from Trump’s political opponents, like Waters, who believe that Trump is aiming to supplant the US dollar with his own stablecoin — enriching himself in the process.

USD1从沃特斯（Waters）等特朗普的政治反对者提出了尖锐的批评。

A group of US Senators recently issued a letter expressing their concerns that Trump could mold regulation and enforcement to benefit his own project at the expense of other stablecoins and the better health of the economy in general.

一群美国参议员最近发表了一封信，表示他们担心特朗普可以塑造监管和执法，以使自己的项目受益，而牺牲其他稳定的股份和一般的经济健康状况。

No interest for stablecoins, says Congress

国会说

Coinbase CEO Brian Armstrong wants to take on banks, or so he claims, by offering American investors interest on their stablecoin holdings far above what they get in a traditional savings account.

Coinbase首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）希望通过向美国投资者的利息来养成银行，以便在他们的稳定持有的股份中提供利息，远远超过了他们在传统储蓄账户中获得的股份。

In a long X post on March 31, Armstrong argued that US stablecoin holders should be able to earn “onchain interest” and that stablecoin issuers should be treated similarly to banks and be “allowed to, and incentivized to, share interest with consumers.”

在3月31日的长时间X帖子中，阿姆斯特朗认为，美国Stablecoin持有人应该能够赢得“ OnChain权益”，并且应对银行的发行人类似地对待银行，并“允许并激励他们与消费者共享利息”。

His proposal has faced headwinds in Congress. Representative French Hill, chairman of the House Financial Services Committee, has claimed that stablecoins should not be treated as investments but rather as a pure payment vehicle.

他的提议在国会面临逆风。众议院金融服务委员会主席法国山（French Hill）代表声称，不应将稳定币视为投资，而应将其视为纯粹的支付工具。

“I do not see stablecoins as I see a conto bancario. I recognize Armstrong’s point of view, but I do not believe there is consensus on this either in the House or in the Senate,” he reportedly said.

据报道，他说：“我看不到稳定的邦卡里奥（Conto Bancario）。我认识到阿姆斯特朗（Armstrong）的观点，但我认为在众议院或参议院中对此都不达成共识。”

Stablecoins face delisting in Europe

稳定币面对欧洲的粉碎

Binance, one of the largest crypto exchanges in the world, has halted trading of Tether’s dollar-backed USDT stablecoin. Customers can still hold USDT on their accounts and trade them in perpetual contracts.

Binance是世界上最大的加密货币交易所之一，已停止了Tether的美元支持USDT Stablecoin的交易。客户仍然可以在其帐户上持有USDT，并通过永久合同进行交易。

The decision to delist Tether came as part of its wider compliance efforts with MiCA, the EU’s massive crypto regulatory package that passed in 2023. Other major exchanges have taken similar measures. Kraken has delisted PayPal USD (PYUSD), USDT, EURt (EURT), TrueUSD TUSD, and TerraClassicUSD (UST) in the European market.

决定脱口机的决定是其更广泛的合规性工作的一部分，欧盟在2023年通过的大规模加密监管方案。其他主要交易所也采取了类似的措施。 Kraken在欧洲市场上将PayPal USD（PYUSD），USDT，EURT（EURT），TUREUSD TUSD和Terraclassicusd（UST）脱颖而出。

Crypto.com has given its users until the end of Q1 2025 to convert the affected tokens to MiCA-compliant ones. “Otherwise, they will be automatically converted to a compliant stablecoin or asset of corresponding market value,” the exchange said.

Crypto.com已将其用户介绍到第1季度2025年末，以将受影响的令牌转换为符合云母的代币。该交易所表示：“否则，它们将自动转换为相应市场价值的合规性稳定或资产。”

Stablecoins see large capital inflows

Stablecoins看到大量资本流入

Crypto intelligence platform IntoTheBlock has found an increasing amount of capital entering tokenized real-world assets and stablecoins. According to the analytics firm, these assets are increasingly seen as “safe havens in the current uncertain market.”

加密情报平台Intotheblock发现，进入令牌化的现实世界资产和稳定的资本量越来越多。根据分析公司的说法，这些资产越来越被视为“当前不确定市场中的避风港”。