美国财政部 2024 年第四季度报告强调区块链技术创建新金融市场基础设施的潜力

据 Cointelegraph 报道，美国财政部 2024 年第四季度报告强调了区块链技术在创建新的金融市场基础设施方面的潜力，并提高了运营和经济效率。

The United States Department of the Treasury's Q4 2024 report highlights the potential of blockchain technology to create a new financial market infrastructure with enhanced operational and economic efficiencies.

美国财政部 2024 年第四季度报告强调了区块链技术在创建新的金融市场基础设施方面的潜力，并提高了运营和经济效率。

As part of its efforts to adapt to the rapidly evolving digital asset landscape, the US Treasury is considering tokenizing Treasury bills (T-Bills) on a permissioned blockchain. This move is driven by the increasing demand for short-dated Treasuries, fueled largely by the growth in stablecoins.

作为适应快速发展的数字资产格局的努力的一部分，美国财政部正在考虑在许可的区块链上对国库券（T-Bills）进行代币化。这一举措是由短期国债需求不断增长推动的，而稳定币的增长在很大程度上推动了这一趋势。

According to the report, the tokenization of legacy assets, such as Treasury securities, could pave the way for a new financial market infrastructure with improved liquidity, transparency, and efficiency.

该报告称，国债等传统资产的代币化可以为提高流动性、透明度和效率的新金融市场基础设施铺平道路。

To fully realize these benefits, the legal and regulatory landscape must evolve in parallel with advances in the tokenization of legacy assets. This includes the creation of clear and consistent regulatory frameworks for digital assets and the integration of blockchain technology into existing financial market structures.

为了充分实现这些好处，法律和监管环境必须与遗留资产代币化的进步同步发展。这包括为数字资产创建清晰一致的监管框架，以及将区块链技术整合到现有的金融市场结构中。

The report also emphasizes the potential benefits of distributed ledger technology (DLT) and smart contracts in Treasury market operations. Immutable ledgers could provide greater transparency, reducing opacity and offering regulators, issuers, and investors more real-time insight into trading activities.

该报告还强调了分布式账本技术（DLT）和智能合约在国债市场运营中的潜在好处。不可变的分类账可以提供更大的透明度，减少不透明度，并为监管机构、发行人和投资者提供对交易活动的更实时的了解。

Additionally, smart contracts programmed into tokenized Treasuries could allow for more efficient collateral management, including pre-programmed collateral transfers. These advanced technologies have the capacity to enhance the overall efficiency and integrity of the Treasury market.

此外，编程到代币化国库券中的智能合约可以实现更有效的抵押品管理，包括预先编程的抵押品转移。这些先进技术有能力提高国债市场的整体效率和完整性。

Stablecoins are increasing demand for short-term United States government bonds, known as Treasury bills (T-Bills). The growth in digital assets has created marginal incremental demand for short-dated Treasuries, primarily through the increased use and prevalence of stablecoins.

稳定币正在增加对短期美国政府债券（即国库券）的需求。数字资产的增长主要通过稳定币的使用和普及增加，创造了对短期国债的边际增量需求。

One committee member suggested that the US should create a permissioned blockchain for tokenizing short-dated T-Bills, to be approached cautiously and led by a trusted central authority with widespread private sector participation. Stablecoins, which are tokens pegged to the US dollar or other fiat currencies, are emerging as core infrastructure for trading and payments.

一位委员会成员建议，美国应该创建一个经过许可的区块链，用于将短期国库券代币化，并由值得信赖的中央机构和私营部门广泛参与的可信中央机构领导，并谨慎对待。稳定币是与美元或其他法定货币挂钩的代币，正在成为交易和支付的核心基础设施。

The total stablecoin market capitalization reached record highs in 2024, approaching $180 million, with Tether (USDT) dominating the market at $120 billion and Circle's USD Coin (USDC) following at approximately $35 billion. Tokenized real-world assets (RWAs), ranging from Treasury securities to artworks, represent a $30-trillion market opportunity globally, as noted by Colin Butler, Polygon's global head of institutional capital.

稳定币总市值在 2024 年创下历史新高，接近 1.8 亿美元，其中 Tether (USDT) 以 1,200 亿美元占据市场主导地位，Circle 的美元硬币 (USDC) 紧随其后，约为 350 亿美元。 Polygon 全球机构资本主管 Colin Butler 指出，从国债到艺术品的代币化现实世界资产 (RWA) 代表着全球 30 万亿美元的市场机会。