象征性的黄金市值攀升至3月的14亿美元

市场价值和活动的增长发生在物理黄金属的集会上，以高于每盎司3,000美元的新鲜高度

The market capitalization of tokenized gold climbed to a record $1.4 billion in March, while trading volumes soared to yearly highs, according to CoinDesk Data's monthly stablecoin report.

根据Coindesk Data每月的Stablecoin报告，三月份的标记黄金市值攀升至3月14亿美元，而交易量飙升至每年高点。

The growth in market value and activity happened alongside the physical yellow metal's rally to fresh all-time highs above $3,000 per ounce. Tether's gold-backed token (XAUT) and Paxos' PAXG (Paxos Standard) dominate among the offerings, with market capitalizations of $749 million and $653 million, respectively.

市场价值和活动的增长发生在物理黄金属的集会上，到达每盎司3,000美元以上的新鲜高点。 Tether的金牌代币（XAUT）和Paxos的Paxg（Paxos Standard）在产品中占主导地位，市值分别为7.49亿美元和6.53亿美元。

The trading volume with gold tokens surpassed $1.6 billion through the month, the highest level in more than a year.

黄金令牌的交易量超过了16亿美元，这是一年多以上的最高水平。

Overall, the stablecoin market, which includes tokens with prices pegged to fiat currencies and commodities, climbed above $231 billion this month, continuing to grow for the 18th consecutive month.

总体而言，斯塔布莱币市场（Stablecoin Market）包括与法定货币和商品挂钩的代币，本月攀升至2310亿美元以上，连续第18个月持续增长。

Tether's USDT, the largest stablecoin on the market, also increased to a record supply of $144 billion. However, its market share dropped to the lowest level (62.1%) since March 2023 as the stablecoin landscape is getting increasingly competitive. Circle's USDC, the second-largest stablecoin, grew 7% in a month to near $60 billion.

Tether的USDT是市场上最大的Stablecoin，也增加到创纪录的1440亿美元。但是，由于Stablecoin景观越来越具竞争力，因此其市场份额下降到自2023年3月以来的最低水平（62.1％）。 Circle的USDC是第二大Stablecoin，一个月内增长了7％，达到600亿美元。

Decentralized finance protocol Ethena's recently launched dollar stablecoin USDtb, which uses BlackRock's tokenized money market fund BUIDL as a reserve asset, quickly gobbled up over $1 billion of assets to become the 8th largest by market cap.

分散的金融协议Ethena最近推出的Dollar Stablecoin USDTB，该公司使用BlackRock的代币货币市场基金Buidl作为储备资产，很快就增加了超过10亿美元的资产，成为市场上限的第8大资产。

In terms of trading volumes on centralized exchanges, USDT's dominance slightly declined, but still stood above competition at 75.7% through the month among the top ten stablecoins. Meanwhile, USDC and Hong Kong-based First Digital's FDUSD saw their trading market cap dominance rise to 13.6% and 10%, respectively.

在集中交易所的交易量方面，USDT的统治地位略有下降，但在前十名稳定股中的竞争仍然高于竞争的75.7％。同时，USDC和总部位于香港的First Digital的FDUSD分别将其交易市值统治分别上升到13.6％和10％。

Regulatory shifts have been reshaping the market of euro-denominated stablecoins, as exchanges moved to comply with the Markets in Crypto-Assets (MiCA) framework. Kraken delisted USDT and other non-compliant stablecoins for European users, following the footsteps of other exchanges such as Coinbase and Crypto.com.

随着交易所转移到遵守加密资产（MICA）框架的市场，监管转变已经重塑了欧元计时的Stablecoins市场。 Kraken遵循Coinbase和Crypto.com等其他交易所的脚步，为欧洲用户提供了USDT和其他不合格的稳定剂。

Circle's EURC stablecoin was a notable beneficiary of the developments, growing nearly 30% to $157 million market cap and claiming a 45% market share of all euro stablecoins.

Circle的Eurc Stablecoin是这些事态发展的著名受益者，增长了近30％至1.57亿美元的市值，并声称在所有欧元稳定的市场中占有45％的市场份额。