具有收益的稳定币准备挑战市场领导者

去中心化金融（DeFi）协议 Angle 推出了一种新的与美元挂钩的稳定币 USDA，旨在提供来自现实世界资产支持和 DeFi 借贷收入的收益。美国农业部由美国国库券支持，并为利益相关者提供至少 5% 的收益率。在收益稳定币的兴起中，Angle 还寻求建立一个基于区块链的外币兑换中心，用于欧元美元兑换。

Will Yield-Bearing Stablecoins Eat Stablecoin Market Share?

具有收益的稳定币会蚕食稳定币的市场份额吗？

Stablecoins, digital currencies pegged to fiat currencies like the U.S. dollar, have been gaining traction in decentralized finance (DeFi). But now, a new breed of yield-bearing stablecoins is emerging, offering holders a piece of the action.

稳定币，即与美元等法定货币挂钩的数字货币，在去中心化金融（DeFi）领域一直受到关注。但现在，一种新型的有收益的稳定币正在出现，为持有者提供了一份行动机会。

Angle Protocol's USDA stablecoin, backed by U.S. Treasury bills and tokenized T-bills, is the latest entrant. By staking USDA, holders can earn rewards from yield generated by the backing assets and DeFi lending. The target yield is a tempting 5%.

Angle Protocol 的 USDA 稳定币是最新进入者，由美国国库券和代币化国库券支持。通过质押 USDA，持有者可以从支持资产和 DeFi 借贷产生的收益中获得奖励。目标收益率是诱人的 5%。

The Rise of Yield-Bearing Stablecoins

具有收益的稳定币的崛起

Yield-bearing stablecoins have been popping up like mushrooms lately. Mountain USD and Ethena's USDe have already attracted hundreds of millions in deposits. And BlackRock, a financial heavyweight, recently launched its own dollar-pegged token, BUIDL.

近期，收益型稳定币如雨后春笋般涌现。 Mountain USD 和 Ethena 的 USDe 已经吸引了数亿存款。金融巨头贝莱德最近推出了自己的与美元挂钩的代币BUIDL。

USDT and USDC, the current stablecoin market leaders, don't pass on the yield earned on their backing assets. This has created an opportunity for yield-bearing stablecoins to tempt holders away.

目前稳定币市场的领导者 USDT 和 USDC 不会将其支持资产所赚取的收益转嫁出去。这为产生收益的稳定币创造了一个吸引持有者离开的机会。

Angle's Forex Ambitions

Angle 的外汇野心

Angle doesn't just want to offer a yield-bearing stablecoin; it also aims to establish a blockchain-based forex hub. With its existing EURA token, pegged to the euro, and USDA, Angle wants to enable seamless currency conversion between euros and dollars without fees or slippage.

Angle 不仅仅想提供一种有收益的稳定币；它还旨在建立一个基于区块链的外汇中心。 Angle 希望利用现有的与欧元挂钩的 EURA 代币和 USDA，实现欧元和美元之间的无缝货币兑换，而无需支付任何费用或滑点。

"The forex market is huge, but it's tough to find a DeFi protocol offering on-chain currencies trading at the real forex rate," says Pablo Veyrat, CEO of Angle Labs.

Angle Labs 首席执行官 Pablo Veyrat 表示：“外汇市场巨大，但很难找到一个能够以真实外汇汇率提供链上货币交易的 DeFi 协议。”

Liquidity and Accessibility

流动性和可及性

To boost liquidity for USDA, Angle will allow users to convert USDC to USDA and back, without incurring any fees. USDA will undergo beta testing in the coming days, with a broader roll-out planned for April.

为了增加 USDA 的流动性，Angle 将允许用户将 USDC 兑换为 USDA 并兑换回来，而无需支付任何费用。美国农业部将在未来几天内进行 Beta 测试，并计划在四月份进行更广泛的推广。

U.S. Investors Left Out

美国投资者被排除在外

One potential drawback for USDA is its restriction to non-U.S.-based investors. This limitation may prevent it from tapping into the significant market potential within the U.S.

美国农业部的一个潜在缺点是其对非美国投资者的限制。这一限制可能会阻止它开发美国境内的巨大市场潜力。