Stablecoins可能会看到他们的供应急剧增加，到2028年达到2万亿美元

因此，目前价值约2,300亿美元，因此在未来几年中，这一市场可能会乘以十倍，这是美国即将在美国的立法所驱动的。

A recent analysis predicts that the supply of stablecoins, cryptocurrencies backed by real assets, could see a dramatic increase, reaching 2 trillion dollars by 2028. Currently valued at about 230 billion dollars, this market could thus be multiplied tenfold in the coming years, driven by imminent legislation in the United States.

最近的一项分析预测，稳定币的供应，由真实资产支持的加密货币的供应可能会急剧增加，到2028年达到2万亿美元。目前的价值约为2,300亿美元，因此在未来几年中，该市场可能会乘以十五年，这是由于即将在美国的即将立法的立法。

The "Guiding and Establishing National Innovation for U.S. Stablecoins" (GENIUS Act) bill, recently adopted by the U.S. Senate banking committee, is expected to come into effect this summer, setting the stage for a groundbreaking shift in the crypto landscape. This legislation should formalize the regulatory framework for stablecoins, thereby bringing legitimacy and security to the sector. According to Geoffrey Kendrick, global head of crypto asset research at Standard Chartered, this move will foster widespread adoption of stablecoins.

预计今年夏天，美国参议院银行委员会最近通过的“指导和建立国家创新”（Genius Act）法案将于今年夏天生效，为加密货币景观的开创性转变奠定了基础。这项立法应正式化稳定菌的监管框架，从而为该行业带来合法性和安全性。根据《标准宪章》加密资产研究的全球负责人杰弗里·肯德里克（Geoffrey Kendrick）的说法，这一举动将促进稳定的stablecoins广泛采用。

Furthermore, the growth of stablecoins will lead to increased demand for U.S. Treasury bills. According to the analysis, the sector will need to purchase 1.6 trillion dollars in T-bills over the next four years, a volume sufficient to absorb the entire issuance of bills planned during Donald Trump’s second term. This situation could make stablecoins one of the largest drivers of demand for U.S. Treasury securities.

此外，稳定币的增长将导致对美国国库账单的需求增加。根据分析，该行业将需要在未来四年内购买1.6万亿美元的T-Bills，这一数量足以吸收唐纳德·特朗普（Donald Trump）第二任期期间计划的全部签发账单。这种情况可能会使Stablecoins成为美国国库券需求最大的驱动因素之一。

In addition, the reserve model of Circle, used to back the stablecoin USDC, could become the industry standard for crypto. This model, which relies on short-term U.S. government bonds, is expected to see the industry accumulate nearly 1.75 trillion dollars in Treasury bills by 2028.

此外，用来支持Stablecoin USDC的圆圈储备模型可能会成为加密货币的行业标准。这种依赖于美国政府债券的模式预计到2028年，该行业将在国库券中积累近17.5万亿美元。

The economic implications are significant, especially in the context of the U.S. dollar hegemony. The rise of stablecoins could ultimately strengthen the position of the greenback, supporting it in global trade. However, long-term risks exist, particularly if stablecoins diversify into other currencies or currency baskets, which could harm dollar dominance.

经济影响很大，尤其是在美元霸权的背景下。稳定蛋白的兴起最终可以加强绿背的地位，从而在全球贸易中支持它。但是，存在长期风险，特别是如果稳定剂将多样化的货币或货币篮子多样化，这可能会损害美元的统治地位。

Overall, the rise of stablecoins, fueled by pending legislation and increasing demand, will reshape the global economic landscape. It will boost demand for T-bills, consolidating dollar hegemony in the short term. But the potential for diversification into other currencies poses long-term risks to this dominance, setting the stage for a redefinition of global financial dynamics.

总体而言，稳态的兴起的兴起，以等待的立法和需求不断增长，将重塑全球经济格局。这将提高对T-Bills的需求，在短期内巩固美元霸权。但是，将多元化货币多元化的潜力构成了这种统治地位的长期风险，为重新定义全球金融动态奠定了基础。