Tether：加密世界有争议的巨人

Tether 于 2014 年推出，作为加密货币领域的先锋稳定币引起了轰动。它由 Reeve Collins、Brock Pierce 和 Craig Stellers 构思，最初在 Omni Layer 上可用，但后来扩展到多个区块链。如今，它已成为按市值计算的第三大数字货币。

Launched in 2014, Tether (CRYPTO:USDT) is the pioneering stablecoin in the cryptocurrency landscape. Conceived by Reeve Collins, Brock Pierce, and Craig Sellars, it was initially available on the Omni Layer but has since expanded across multiple blockchains. Today, it holds the distinction of being the third largest digital currency by market capitalization.

Tether（加密货币代码：USDT）于 2014 年推出，是加密货币领域的先锋稳定币。它由 Reeve Collins、Brock Pierce 和 Craig Sellars 构思，最初在 Omni Layer 上可用，但后来扩展到多个区块链。如今，它已成为按市值计算的第三大数字货币。

What Sets Tether Apart?

是什么让 Tether 与众不同？

Tether distinguishes itself by claiming that each of its tokens is backed by a U.S. dollar, a mechanism facilitated by Tether Limited. This enables users to seamlessly exchange between USD and Tether. Despite its promise, Tether has not been immune to controversy. It shares a close relationship with Bitfinex, a cryptocurrency exchange that faced allegations from the New York Attorney General for using Tether funds to cover an $850 million shortfall.

Tether 的与众不同之处在于，它声称其每种代币均由美元支持，这一机制由 Tether Limited 推动。这使得用户能够在美元和 Tether 之间无缝兑换。尽管做出了承诺，但 Tether 也未能幸免于争议。它与 Bitfinex 关系密切，Bitfinex 是一家加密货币交易所，因使用 Tether 资金弥补 8.5 亿美元的缺口而面临纽约总检察长的指控。

The Value of Stability

稳定的价值

At the time of writing, Tether is priced at $1.000828, having experienced minor fluctuations of -0.02% in the past 24 hours and -0.04% earlier today. Despite criticisms about stability and reliability, Tether remains a key player in the digital currency arena, offering a semblance of stability with its pegged value.

截至撰写本文时，Tether 的价格为 1.000828 美元，过去 24 小时内经历了 -0.02% 的小幅波动，今天早些时候经历了 -0.04% 的小幅波动。尽管稳定性和可靠性受到批评，但 Tether 仍然是数字货币领域的关键参与者，以其锚定价值提供了表面上的稳定性。

The Evolution of Digital Currencies

数字货币的演变

Cryptocurrencies emerged in 2008 as responses to economic instability. They operate using cryptographic encryption to secure transactions and control currency generation. They differ significantly from traditional currencies, lacking central regulation and physical presence. This decentralized nature has drawn both criticism and admiration. While some view them as unreliable and a harbor for illicit activities, acceptance has grown, with influential figures promoting their use.

加密货币于 2008 年出现，作为应对经济不稳定的措施。他们使用加密技术来保护交易并控制货币生成。它们与传统货币有很大不同，缺乏中央监管和实体存在。这种去中心化的性质既引起了批评，也引起了钦佩。尽管有些人认为它们不可靠并且是非法活动的避风港，但人们的接受度有所提高，有影响力的人物也在推广它们的使用。

Elon Musk is noted for boosting certain cryptocurrencies like Bitcoin and Dogecoin, momentarily allowing their use at Tesla, which influenced their market value significantly.

埃隆·马斯克因推动比特币和狗狗币等某些加密货币的发展而闻名，暂时允许它们在特斯拉使用，这极大地影响了它们的市场价值。

Hidden Impacts of Stablecoins: Why Tether’s Success Comes with Concerns

稳定币的隐藏影响：为什么 Tether 的成功伴随着担忧

Unveiling the Global Influence of Stablecoins

揭示稳定币的全球影响力

Tether, often heralded as a beacon of stability in the volatile world of cryptocurrencies, exerts a significant influence not only on individual investors but on global financial systems. As a stablecoin pegged to the U.S. dollar, Tether offers a semblance of financial steadiness in a sector notorious for dramatic price swings. However, this stability comes with a suite of underlying ripple effects that impact economies, communities, and traditional banking systems.

Tether 经常被誉为动荡的加密货币世界中的稳定灯塔，它不仅对个人投资者而且对全球金融体系产生重大影响。作为一种与美元挂钩的稳定币，Tether 为这个因价格剧烈波动而臭名昭著的行业提供了表面上的财务稳定性。然而，这种稳定性伴随着一系列影响经济、社区和传统银行系统的潜在连锁反应。

How Does Tether Influence National Economies?

Tether 如何影响国民经济？

Stablecoins like Tether provide an alternative financial system, disrupting traditional banking by offering seamless transactions without intermediaries. For people in countries with unstable economies or hyperinflation, such as Venezuela and Zimbabwe, Tether represents a financial lifeline, offering protection against the ravages of domestic currency devaluation. By allowing transactions to bridge volatile market elements and daily economic transactions, stablecoins serve as a practical solution for those who lack access to reliable financial institutions.

Tether 等稳定币提供了另一种金融系统，通过提供无需中介的无缝交易来颠覆传统银行业务。对于委内瑞拉和津巴布韦等经济不稳定或恶性通货膨胀国家的人们来说，Tether 代表着金融生命线，可以防止本国货币贬值的破坏。通过允许交易弥合波动的市场因素和日常经济交易，稳定币为那些无法获得可靠金融机构的人提供了实用的解决方案。

Interesting Facts and Controversies Surrounding Tether

围绕 Tether 的有趣事实和争议

– Largest Daily Transaction Volume: Tether consistently posts higher daily transaction volumes compared to Bitcoin, underscoring its role as a preferred medium for digital currency trading.

– 最大的每日交易量：与比特币相比，Tether 的每日交易量始终较高，凸显了其作为数字货币交易首选媒介的作用。

– Regulatory Scrutiny: Despite its widespread use, Tether faces ongoing scrutiny from regulatory bodies concerned about its lack of transparent audits. The absence of verified proof of reserves raises questions about whether all Tether tokens are indeed backed by actual U.S. dollars.

– 监管审查：尽管 Tether 被广泛使用，但仍面临监管机构对其缺乏透明审计的持续审查。由于缺乏经过验证的储备证明，人们质疑所有 Tether 代币是否确实都有实际美元支持。

– Potential Impact on Banking Sector: As stablecoins become more prominent, they threaten to unseat traditional banking services. Offering lower transaction fees and faster processing times, they could potentially diminish banks’ role in money transfer services.

– 对银行业的潜在影响：随着稳定币变得更加突出，它们有可能取代传统银行服务。它们提供更低的交易费用和更快的处理时间，可能会削弱银行在汇款服务中的作用。

Advantages and Disadvantages of Tether in the Crypto Ecosystem

Tether 在加密生态系统中的优点和缺点

Advantages:

优点：

– Stability in Crisis: Provides much-needed stability in various economic conditions, particularly in regions with hyperinflation.

– 危机中的稳定：在各种经济条件下提供急需的稳定，特别是在恶性通货膨胀的地区。

– Facilitates Digital Transactions: Makes it easier for users internationally to engage in digital transactions or digital currency trading without experiencing the volatility of other cryptocurrencies.

– 促进数字交易：使国际用户更容易参与数字交易或数字货币交易，而无需经历其他加密货币的波动性。

– Accessibility: Engages the unbanked population by offering financial services without the need for traditional banking infrastructure.

– 可及性：通过提供金融服务来吸引没有银行账户的人群，而无需传统的银行基础设施。

Disadvantages:

缺点：

– Audit Concerns: Criticism over the lack of clarity and infrequent auditing leads to doubts about its actual backing, posing risks to investors.

– 审计担忧：对缺乏清晰度和不频繁审计的批评导致对其实际支持的怀疑，给投资者带来风险。

– Regulatory Challenges: As global regulators tighten their focus on digital currencies, Tether stands to face significant legal and operational hurdles.

– 监管挑战：随着全球监管机构加强对数字货币的关注，Tether 将面临重大的法律和运营障碍。

– Centralization Risks: Though marketed as part of the decentralized finance movement, many argue Tether’s operations are central and susceptible to vulnerabilities inherent in centralized systems.

– 中心化风险：虽然作为去中心化金融运动的一部分进行营销，但许多人认为 Tether 的运营是中心化的，容易受到中心化系统固有漏洞的影响。

Questions Loom Over the Future of Stablecoins

稳定币的未来存在疑问

Can stablecoins overshadow traditional currencies? As Tether continues to grow, its acceptance might challenge existing currency systems and redefine the transaction landscape. However, without adequate regulation, stablecoins might evade the security and control that banks currently provide.

稳定币能否超越传统货币？随着 Tether 的不断增长，它的接受度可能会挑战现有的货币体系并重新定义交易格局。然而，如果没有足够的监管，稳定币可能会逃避银行目前提供的安全和控制。

Will regulatory pressures limit Tether and similar stablecoins? Future measures might force Tether to pledge full transparency, adjusting its operating model to avoid stringent sanctions. A balanced approach could ensure digital currencies fortify rather than destabilize financial ecosystems.

监管压力会限制 Tether 和类似的稳定币吗？未来的措施可能会迫使 Tether 承诺完全透明，调整其运营模式以避免严厉制裁。平衡的方法可以确保数字货币加强而不是破坏金融生态系统的稳定。

For more information on cryptocurrencies and their impact on the economy, visit CoinMarketCap and

有关加密货币及其对经济影响的更多信息，请访问 CoinMarketCap 和