稳定币像比特币和更广泛的加密货币市场一样发光

加密货币市场面临着一个具有挑战性的时期，近几个月来，比特币和其他加密货币的价格下跌。但是，市场的一部分悄悄地违背了这一趋势

The crypto market has faced a challenging period in recent months, with Bitcoin and other cryptocurrencies experiencing price declines. However, while the spotlight has been on this downturn, another segment of the market has quietly defied this trend and achieved new milestones—stablecoins.

近几个月来，加密货币市场面临着一个具有挑战性的时期，比特币和其他加密货币的价格下降。但是，尽管聚光灯一直处于低迷状态，但市场的另一部分却悄悄地违反了这一趋势，并取得了新的里程碑 - 斯塔布莱克斯（Stablecoins）。

As the digital assets continue to gain popularity among investors, the total market capitalization of stablecoins has been steadily rising, reflecting growing adoption and resilience.

随着数字资产在投资者中的流行，Stablecoins的总市值一直在稳步上升，这反映了采用和韧性的日益增长。

According to CoinGecko's latest data, the market cap of stablecoins stands at $236.7 billion (at the time of writing). This key figure reportedly takes into account fiat-backed stablecoins and crypto-backed, commodity-backed, and algorithmic stablecoins.

根据Coingecko的最新数据，Stablecoins的市值为2367亿美元（在写作时）。据报道，这一关键数字考虑了菲亚·支持的稳定股，并以加密货币支持，商品支持和算法stablecoins。

Stablecoins, designed to maintain a peg to assets like the U.S. dollar, have become a cornerstone of the crypto economy. They provide a safe haven during volatility, facilitate trading, and enable decentralized finance (DeFi) applications.

Stablecoins旨在维持像美元这样的资产的钉子，已成为加密经济的基石。它们在波动期间提供了避风港，促进交易和实现分散融资（DEFI）申请。

Despite the downturn in assets like Bitcoin, the stablecoin market cap has climbed, indicating sustained demand for digital liquidity.

尽管像比特币这样的资产下降，但Stablecoin市值已经攀升，表明对数字流动性的需求持续。

USD Coin (USDC), issued by Circle, and Tether (USDT), managed by Tether, remain the frontrunners in this space. USDT, in particular, accounts for a significant portion of the market, with billions in circulation.

由Tether管理的Circle（USDT）发行的USD Coin（USDC）仍然是该领域的领先者。特别是USDT，占市场的很大一部分，流通量数十亿。

Moreover, recent developments suggest that the stablecoin sector—and perhaps the broader crypto market—is maturing.

此外，最近的事态发展表明，稳定行业以及更广泛的加密货币市场正在成熟。

From Tether's push for transparency to Ripple's academic probe into de-pegging risks, these shifts could signal that the crypto ecosystem is gearing up for another bull run.

从Tether的推动透明度到Ripple的学术探测到脱离挑战风险，这些转变可能表明加密生态系统正在为另一项公牛奔跑做好准备。

Earlier this month, Tether's CEO announced plans to engage a Big Four auditing firm—such as Deloitte, PwC, EY, or KPMG—to conduct an audit of its reserves.

本月初，Tether的首席执行官宣布计划与一家四大审计公司（例如Deloitte，Pwc，Ey或毕马威）互动，以进行审核。

Tether has faced scrutiny over the backing of USDT, with critics questioning whether it holds sufficient dollar reserves to match its issuance. Partnering with a globally recognized auditor could address these concerns, bolstering confidence in USDT and, by extension, the stablecoin market.

Tether在USDT的支持方面面临审查，批评家质疑它是否拥有足够的美元储备以符合其发行。与全球认可的审计师合作可以解决这些问题，增强对USDT的信心，并扩展到Stablecoin市场。

This move might also attract institutional players, who have historically shown interest in crypto but have been hesitant due to Tether's opaque practices.

这一举动也可能吸引机构参与者，他们历史上对加密货币表现出兴趣，但由于系带不透明的做法而犹豫不决。

If successful, this initiative could set a precedent, pushing other stablecoin issuers to follow suit and further legitimize the sector.

如果成功的话，这项倡议可能会树立先例，推动其他Stablecoin发行人效仿并进一步使该行业合法化。

Furthermore, Ripple, in collaboration with Warwick Business School's Gillmore Centre for Financial Technology, is researching a critical issue: stablecoin de-pegging.

此外，Ripple与Warwick商学院的Gillmore金融技术中心合作，正在研究一个关键问题：Stablecoin De-Pegging。

De-pegging occurs when a stablecoin loses its intended value, as seen in the dramatic collapse of TerraUSD (UST) in 2022. This research initiative aims to identify vulnerabilities and propose solutions, enhancing the stability of these assets.

当稳定币失去其预期价值时，就会发生脱钩，这在2022年Terrausd（UST）的戏剧性崩溃中所见。该研究计划旨在确定脆弱性并提出解决方案，从而增强这些资产的稳定性。

By addressing such risks, Ripple's efforts could reassure investors and regulators, paving the way for broader adoption.

通过解决此类风险，Ripple的努力可以使投资者和监管机构放心，为更广泛的采用铺平了道路。

These developments collectively point to a maturing cryptocurrency market. Stablecoins' resilience amid price declines reflects a shift toward utility over speculation.

这些发展集体指向成熟的加密货币市场。价格下降的稳定币的韧性反映了向猜测转向效用。

In the face of market adversity, stablecoins have continued to serve their primary function, providing liquidity and stability in a volatile market.

面对市场逆境，Stablecoins继续服务于其主要功能，在动荡的市场中提供流动性和稳定性。

Moreover, Tether's transparency push and Ripple's initiative to study and mitigate de-pegging risks attest to the industry's efforts to remediate its weaknesses.

此外，绳索的透明度推动力和Ripple的主动性研究和减轻脱钉风险证明了该行业为解决其弱点而努力的努力。

Insurmountable hype and a lack of fundamental value led to the downfall of several projects and projects in the past year. However, periods of consolidation and infrastructure improvement—like the current stablecoin focus—have historically preceded bull runs.

无法克服的炒作和缺乏基本价值导致了过去一年的几个项目和项目的衰落。然而，巩固和基础设施的改进时期（例如目前的稳定焦点）历史上已经进行了公牛跑步。

With institutions like Fidelity showing increased interest in crypto and macroeconomic factors like potential interest rate cuts in sight, the crypto market may be quietly preparing for its next upward surge.

随着诸如富达之​​类的机构表现出对加密货币和宏观经济因素的兴趣，例如潜在的利率降低，加密货币市场可能正在悄悄地为其下一个上升趋势做准备。