Stablecoins目睹了供应量的巨大激增，从长远来看，这种趋势可能对比特币和加密货币市场有益

Stablecoins目睹了供应量的巨大激增，从长远来看，这种趋势可能对比特币和加密市场有益。

Stablecoins are quietly amassing a massive fortune in the shadows of Bitcoin and altcoins, and this trend could spell good news for the crypto market in the long term.

Stablecoins在比特币和山寨币的阴影中悄悄地积累了巨大的财富，从长远来看，这种趋势可能会为加密市场带来好消息。

According to blockchain analytics firm Glassnode, the total stablecoin supply has risen by 10.9% or $20.17 billion since the beginning of the year.

根据区块链分析公司GlassNode的数据，自今年年初以来，Stablecoin的总供应量增长了10.9％或201.7亿美元。

This follows a period of contracting supply during the final weeks of 2024. As reported by The Crypto Basic, the total stablecoin supply dropped from $187 billion in December to $185 billion by January 2025. The contraction was likely due to investors capitalizing on the market uptrend.

这是在2024年最后几周的合同供应期之后。据加密基金会（Crypto Basic）报道，Stablecoin供应总额从12月的1870亿美元下降到到2025年1月的1850亿美元。收缩很可能是由于投资者资本利用市场上升。

However, as the market drops, over the past 30 days, the stablecoin supply expanded by $3.33 billion, reflecting a 1.65% increase. This growth rate is comparable to levels observed in September 2024, when stablecoin inflows reached $2.37 billion.

但是，随着市场下降，在过去的30天中，Stablecoin供应量增加了33.3亿美元，反映了1.65％的增长。该增长率与2024年9月观察到的水平相当，当时Stablecoin流入达到23.7亿美元。

On a quarterly basis, stablecoin supply rose by $23.86 billion in Q4 2024, a 14.7% increase, while Q1 2025 has already recorded a $20.17 billion rise, reflecting a 10.9% expansion. The increase across the last two quarters outpaced the combined supply rise in Q2 and Q3 2024, which amounted to $18.6 billion, or 10.2%.

每季度，Stablecoin供应量在2024年第四季度增长了238.6亿美元，增长了14.7％，而第一季度2025年第1季度的增长量增长了201.7亿美元，反映了10.9％的扩张。过去两个季度的增长超过了第二季度和第三季度2024年第三季度供应量的增加，为186亿美元，即10.2％。

Stablecoin Market Cap Surges to $232.5 Billion

Stablecoin市值飙升至2325亿美元

Data from CoinMarketCap shows that the global stablecoin market capitalization has reached $232.5 billion, fueled by the recent supply expansion.

来自CoinMarketCap的数据表明，全球Stablecoin市值已达到2325亿美元，这是由于最近的供应扩张所推动的。

Tether (USDT) remains dominant in the market, holding a 61.5% share with a market cap of $143 billion. Despite facing regulatory scrutiny under the EU’s Markets in Crypto-Assets (MiCA) framework, USDT continues to lead stablecoin transactions globally.

Tether（USDT）在市场上仍然占主导地位，持有61.5％的份额，市值为1430亿美元。尽管在欧盟市场下在加密资源（MICA）框架下面临监管审查，但USDT仍在全球领导Stablecoin交易。

Meanwhile, USD Coin (USDC) follows as the second-largest stablecoin, with a market cap of $58.4 billion. This continued growth in stablecoin valuations shows an increasing preference for stable assets, particularly during periods of market volatility.

同时，美元硬币（USDC）成为第二大稳定币，市值为584亿美元。 Stablecoin估值的这种持续增长表明，人们对稳定资产的偏好越来越多，尤其是在市场波动期间。

A look at recent on-chain activities suggests that the surge in stablecoin supply is being driven by fresh mints from major issuers like Tether and Circle. Blockchain monitoring platform Whale Alert has tracked multiple large-scale stablecoin issuances over the past few days.

审视最近的链上活动表明，稳定供应的激增是由Tether和Circle等主要发行人的新鲜造币厂驱动的。在过去的几天中，区块链监视平台鲸鱼警报已跟踪多次大规模的Stablecoin发行。

Circle, the issuer of USDC, has minted an additional 300 million USDC today alone, having issued $250 million an hour ago. Over the past week, Circle has minted $1.4 billion worth of USDC through multiple transactions.

USDC的发行人Circle仅在每小时发行了2.5亿美元的情况下，仅在今天又造成了3亿USDC。在过去的一周中，Circle通过多项交易铸造了价值14亿美元的USDC。

Tether has also ramped up its stablecoin issuance. On March 2, the company minted a staggering $1 billion worth of USDT in a single transaction.

Tether还提高了其稳定发行。 3月2日，该公司在一笔交易中造成了价值10亿美元的USDT。

Since then, Tether has been actively transferring millions of USDT from its treasury to Bitfinex, a crypto exchange owned by iFinex—the parent company of Tether. This follows another major issuance of $1 billion USDT on Feb. 28.

从那时起，Tether一直将数百万美元从其财政部转移到Bitfinex，Bitfinex是Tether的母公司Ifinex拥有的加密货币交易所。这是2月28日的另一项重大发行10亿美元的重大发行。

💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (999,575,000 USD) minted at Tether Treasuryhttps://t.co/sELHEHn2bW— Whale Alert (@whale_alert) February 28, 2025Can Stablecoin Growth Fuel Bitcoin Recovery?

在Tether tether tether theeasuryhttps：//t.co/selhehn2bw-鲸鱼never（@Whale_Alert）2月28日，2025年，2025年5月28日，捕鲸剂燃料燃料燃料燃料比特库回收回收率，

Amid these fresh mints, Bitcoin is currently navigating a critical price zone near the $80,000 mark as the market turbulence persists. The rise stablecoin supply could play a major role in determining Bitcoin’s next move.

在这些新鲜的薄荷糖中，比特币目前在市场湍流持续存在的80,000美元大关接近80,000美元的关键价格区域。 Rise Stablecoin供应可能在确定比特币的下一步行动中发挥重要作用。

A surge in stablecoin supply typically shows an increase in sidelined buying power within the crypto market. Traders and institutional investors often hold stablecoins in anticipation of favorable market conditions before deploying funds into assets like Bitcoin and Ethereum.

Stablecoin供应的激增通常显示出加密货币市场内的购买力的增加。贸易商和机构投资者经常在将资金部署到比特币和以太坊等资产中之前，在预期有利的市场条件下持有稳定的股份。

If confidence in Bitcoin strengthens, the newly injected liquidity from stablecoin mints could drive renewed buying pressure. Historically, a rise in stablecoin supply has correlated with increased demand for Bitcoin, as traders use stablecoins to enter long positions.

如果对比特币的信心增强，则来自Stablecoin造币厂的新注入的流动性可能会带来更新的购买压力。从历史上看，随着交易者使用Stablecoins进入长位置，Stablecoin供应的增加与对比特币的需求增加有关。

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic will not be responsible for any financial losses.

Disclamier：此内容是信息的，不应被视为财务建议。本文中表达的观点可能包括作者的个人意见，并且不反映加密基本的意见。鼓励读者在做出任何投资决策之前进行彻底的研究。加密基本基本将对任何财务损失负责。