USDC超过了USDT作为最受欢迎的Stablecoin，针对机构用户

以太坊继续托管大多数Stablecoins，供应量为1300亿美元，其余的分布在区块链之间

Ethereum remains the primary host for stablecoins, with $130 billion in stablecoin supply on the network, while the rest is distributed across other blockchains like TRON and Solana.

以太坊仍然是Stablecoins的主要主机，网络上有1300亿美元的Stablecoin供应，而其余的则分布在Tron和Solana等其他区块链之间。

Despite USDT maintaining the largest share of the overall market, the faster growth of USDC in 2023 is shifting preferences, especially among institutional users.

尽管USDT维持整个市场中最大的份额，但2023年USDC的增长速度更快，是在转移偏好，尤其是在机构使用者中。

The appeal of USDC has been closely linked to regulatory clarity and Circle’s approach to compliance. The company’s transparent reserve practices and commitment to aligning with regulations in the United States and the European Union have made it more attractive to regulated institutions.

USDC的吸引力与监管清晰度和Circle合规方法密切相关。该公司透明的储备实践和对与美国和欧盟法规保持一致的承诺使其对受监管机构的吸引力更具吸引力。

Furthermore, institutional confidence has been supported by Circle’s ongoing steps toward a possible initial public offering (IPO).

此外，Circle朝着可能的首次公开募股（IPO）持续的步骤支持机构信心。

The exchange rate between USDC and USDT remains closely aligned, which allows users to move between the two tokens without encountering major price discrepancies. However, the difference in supply growth between them has become more pronounced over time.

USDC和USDT之间的汇率保持紧密状态，这使用户可以在两个令牌之间移动而不会遇到重大价格差异。但是，随着时间的流逝，它们之间的供应增长差异变得更加明显。

As reported by DeFi Llama, market participants have shown a preference for USDC on decentralized finance platforms and among entities operating in regulated financial environments.

正如Defi Llama报道的那样，市场参与者在分散的金融平台以及在受监管的金融环境中运营的实体中表现出了USDC的偏爱。

Circle’s potential IPO has been seen as an effort to strengthen the links between traditional finance and crypto infrastructure. While no date for the IPO has been confirmed, the move reflects Circle’s broader efforts to expand its reach and solidify its position in the stablecoin market.

Circle的潜在IPO被视为加强传统金融与加密基础设施之间的联系的一种努力。尽管没有确认IPO的日期，但此举反映了Circle在扩大其覆盖范围并巩固其在Stablecoin市场中的地位的更广泛努力。

Although TRON and Solana host portions of the stablecoin supply, Ethereum’s $130 billion share makes it the dominant platform for these assets. The remaining $96 billion is spread across the other blockchains.

尽管Tron和Solana托管了Stablecoin供应的部分，但以太坊的1300亿美元股份使其成为这些资产的主要平台。其余的960亿美元分布在其他区块链中。

While USDT continues to lead in terms of total supply, the growth trajectory of USDC has been sharper in 2023. The combination of institutional demand, regulatory transparency, and infrastructure developments such as Circle’s IPO plans has contributed to this trend.

尽管USDT在总供应方面继续领先，但USDC的增长轨迹在2023年变得更加锐利。机构需求，监管透明度和基础设施发展（例如Circle的IPO计划）的结合促成了这一趋势。

The stablecoin market is in constant evolution, and preferences among participants are shifting as they evaluate which tokens offer the clearest path to compliance and operational trust. This is evident in the preference for USDC among institutional users and DeFi platforms.

Stablecoin市场在不断发展，参与者的偏好在评估哪种令牌为合规性和运营信任提供最清晰的途径时正在转移。这在机构用户和DEFI平台中对USDC的偏爱很明显。

USDC’s growth reflects a broader theme in which regulatory alignment and transparency are playing an increasingly critical role in stablecoin adoption. The market will continue to observe how this shapes future competition between leading stablecoins.

USDC的增长反映了一个更广泛的主题，在该主题中，监管一致性和透明度在采用Stablecoin的采用中起着越来越重要的作用。市场将继续观察到这一点如何塑造领先的Stablecoins之间的未来竞争。