稳定币：加密货币领域的磨刀石中学

USDT和USDC等稳定币在全球加密货币领域占据着至关重要且独特的地位。事实上，大多数稳定币都与

Stablecoins have played a pivotal role in the global crypto space, providing stability for trading, investing, and financial systems. As of October 24, 2024, the stablecoin market has reached a value of $172.34B. Among the top stablecoins, Tether (USDT), USD Coin (USDC), and DAI (DAI) hold the dominant positions.

稳定币在全球加密货币领域发挥着关键作用，为交易、投资和金融系统提供稳定性。截至2024年10月24日，稳定币市场价值已达到$172.34B。顶级稳定币中，Tether（USDT）、USD Coin（USDC）、DAI（DAI）占据主导地位。

According to data from the Phoenix Group, USDT dominates the stablecoins market with a market capitalization of $120.2B and a daily trading volume of $63B. This dominance translates to Tether controlling 69.78% of the total stablecoin market.

据凤凰集团数据显示，USDT 占据稳定币市场主导地位，市值为 $120.2B，日交易量为 $63B。这种主导地位意味着 Tether 控制了整个稳定币市场的 69.78%。

Next on the list is USDC, with a market value of $34.3B and a daily trade volume of $7.2B. Despite being significantly lower than USDT, USDC remains relevant to investors seeking stablecoins that adhere to regulations and offer complete transparency.

接下来是 USDC，市值为 $34.3B，日交易量为 $7.2B。尽管 USDC 的价格明显低于 USDT，但对于寻求遵守法规并提供完全透明度的稳定币的投资者来说，USDC 仍然具有重要意义。

Among the top five decentralized stablecoins, MakerDAO’s DAI has a market capitalization of $5.3B. While it has less market share compared to other platforms, DAI is crucial for DeFi applications and protocols, with a 24-hour volume of $89.2M.

在排名前五的去中心化稳定币中，MakerDAO 的 DAI 市值为 $5.3B。尽管与其他平台相比，DAI 的市场份额较小，但它对于 DeFi 应用程序和协议至关重要，其 24 小时交易量为 8920 万美元。

Emerging Competitors: FDUSD and USDe

新兴竞争对手：FDUSD 和 USDe

FDUSD has a market capitalization of $2.6B with $4.5B in daily trades. At the same time, USDe is relatively new, boasting $2.6B in market capitalization and a daily trading volume of $77.8M.

FDUSD 的市值为 $2.6B，每日交易量为 $4.5B。与此同时，USDe 相对较新，市值为 $2.6B，日交易量为 $77.8M。

This competition is indicative of the current stablecoin market landscape, where new entrants to the established ecosystem aim to dominate by targeting specific segments, such as large-scale applications or geographic regions.

这种竞争反映了当前稳定币市场格局，现有生态系统的新进入者旨在通过针对特定细分市场（例如大规模应用程序或地理区域）来占据主导地位。

USDD and PYUSD Gaining Ground

USDD 和 PYUSD 不断上涨

Among the stablecoins that have gained notable attention is USDD, which has a market volume of $759.7M. While it does not hold the same market share as some of the mega tokens, USDD has been rising in terms of adoption.

USDD 是备受关注的稳定币之一，其市场交易量为 7.597 亿美元。尽管 USDD 的市场份额不如某些大型代币，但其采用率一直在上升。

Similarly, PYUSD has a market capitalization of $655M and a daily trading volume of $9.5M. Being natively backed and integrated within PayPal’s vast ecosystem, PYUSD is a purely utility-based, strategic stablecoin to PayPal’s payment empire.

同样，PYUSD 的市值为 6.55 亿美元，日交易量为 950 万美元。 PYUSD 受到 PayPal 庞大生态系统的本地支持和集成，是 PayPal 支付帝国的一种纯粹基于实用程序的战略稳定币。

FRAX and TUSD: Small but Prominent

FRAX 和 TUSD：虽小但突出

The FRAX is an algorithmic stablecoin with a market capitalization of $649.4M. Despite being launched only this year, it has secured its position in DeFi thanks to its working concept, which includes collateralization with algorithms.

FRAX 是一种算法稳定币，市值为 6.494 亿美元。尽管今年才推出，但它凭借其包括算法抵押在内的工作理念，已经在 DeFi 中占据了一席之地。

Meanwhile, TUSD, with a market capitalization of $495.6M, remains an asset-backed stablecoin that prioritizes the platform’s transparency to its users.

与此同时，市值为 4.956 亿美元的 TUSD 仍然是一种资产支持的稳定币，优先考虑平台对用户的透明度。

The stablecoin market has grown substantially over the past few years, and these nine stablecoins, in particular, have played a significant role in shaping the market and the broader crypto industry.

过去几年，稳定币市场大幅增长，尤其是这九种稳定币，在塑造市场和更广泛的加密行业方面发挥了重要作用。