NgoMeyi 2021, i-USDT yanyathelisa ama-banknotes ayi-11 billion.NgoMeyi 2020, isibalo sasiyizigidigidi ezi-2.5 kuphela, okuwukunyuka konyaka ngama-440%;I-USDC yanyathelisa ama-banknotes amasha angu-8.3 billion ngoMeyi, kanti lesi sibalo sasiyizigidi ezingu-13 ngoMeyi 2020. Izingcezu, ukwanda konyaka nonyaka ngama-63800%.

Ngokusobala, ukukhishwa kwe-stablecoins yedola laseMelika kungene ekukhuleni okukhulu.

Ngakho-ke yiziphi izici eziqhuba ukwanda okusheshayo kwe-stablecoin yedola laseMelika?Imuphi umthelela okuzoba nawo ukunwetshwa okusheshayo kwama-USD stablecoins emakethe ye-crypto?

1. Ukuthuthukiswa kwezinhlamvu zemali ze-USD kungene ngokusemthethweni esikhathini "sokukhula okubonakalayo"

Ukukhishwa kwe-stablecoins yedola laseMelika kungene “ekukhuleni kolwazi”, ake sibheke amasethi amabili edatha yokuhlaziya.

Ngokusho kwedatha yakamuva evela ku-Coingecko, ngoMeyi 3, 2020, umthamo wokukhishwa kwe-USDT wawulinganiselwa ku-$6.41 billion.Ngonyaka owodwa kamuva, ngoJuni 2, 2021, umthamo wokukhishwa kwe-USDT uqhume wafinyelela ku-US$61.77 billion emangalisayo.Izinga lokukhula lonyaka liyi-1120%.

Izinga lokukhula kwedola laseMelika i-stablecoin USDC liyamangalisa ngokufanayo.

NgoMeyi 3, 2020, umthamo wokukhishwa kwe-USDC wawucishe ube yizigidi ezingama-US$700.Ngomhla zi-2 kuJuni 2021, ivolumu yokukhishwa kwe-USDC iqhume yafinyelela ku-US$22.75 billion emangalisayo, okuwukunyuka ngo-2250% ngonyaka.

Kusukela kulo mbono, ukuthuthukiswa kwe-stablecoins kungene ngempela enkathini "ye-exponential", futhi izinga lokukhula kwe-USDC selidlule kude le-USDT.

Isimo sangempela siwukuthi izinga lokukhula kwe-USDC cishe lidlula kude lawo wonke ama-stablecoins ngaphandle kwe-Dai, okuhlanganisa i-USDT, UST, TUSD, PAX, njll.

Ngakho-ke, yini ebangele lo mphumela?

2. Izici zokushayela "ukukhula okunamandla" kwe-stablecoin yedola laseMelika

Kunezizathu eziningi zokugqugquzela ukuqubuka kwe-stablecoin ye-dollar yase-US, engafingqwa ngamaphuzu amathathu: 1) amabutho avamile asezingeni eliphezulu angena emakethe, futhi isikhathi "sokuphakamisa itafula" sisondela;2) ukukhuthazwa kwempucuko ye-cryptocurrency;3) Ukwabiwa kwamazwe Ukukhuthazwa kokusungulwa kwezimali.

Okokuqala, ake sibheke indlela amasosha avamile asondela ngayo, futhi isikhathi sokusheshisa “ukuguqula itafula” siyeza.

Ithebula elibizwa ngokuthi yi-lift table libhekisela emalini ezinzile yekhredithi ye-USD ekhishwe izikhungo ezisemthethweni, ezimelwe i-USDC, inani layo lemakethe lidlula i-USDT.Ivolumu yokukhishwa kwe-USDT ingama-dollar ayizigidi eziyizinkulungwane ezingama-61.77, ivolumu yokukhishwa kwe-USDC yi-22.75 billion US dollars.

Njengamanje, imakethe yemali ezinzile emhlabeni wonke isabuswa yi-USDT, kodwa imali ezinzile yedola laseMelika i-USDC esungulwe ngokuhlanganyela yi-Circle kanye ne-Coinbase ithathwa njengenye i-USDT.

Ekupheleni kukaMeyi, umkhiqizi we-USDC Circle umemezele ukuthi usuqede umjikelezo omkhulu wokuxhasa ngezimali futhi wanyusa ama-US$440 wezigidi.Izikhungo zokutshala izimali zifaka i-Fidelity, i-Digital Currency Group, i-cryptocurrency derivatives exchange FTX, i-Breyer Capital, i-Valor Capital, njll.

Phakathi kwazo, kungakhathaliseki ukuthi i-Fidelity noma i-Digital Currency Group, kukhona amandla ezezimali endabuko ngemuva kwawo.Ukungena kwezikhungo zezimali ezisezingeni eliphezulu kuphinde kwasheshisa inqubo "yokuguqula itafula" lwemali yesibili ezinzile, i-USDC, futhi kwasheshisa nenani lemakethe lemali ezinzile.Inqubo yokwandisa.

Ukuhlola kuka-JPMorgan Chase kwe-USDT kungase futhi kuqinise le nqubo.

Ngo-May 18, uJosh Omncane we-JPMorgan Chase ukhiphe umbiko omusha mayelana ne-stablecoins kanye nokusebenzisana kwabo nemakethe yephepha lezentengiselwano, ephikisana ngokuthi i-Tether ine futhi izoqhubeka nokubhekana nobunzima ekungeneni ohlelweni lwamabhange asekhaya.

Umbiko ukholelwa ukuthi izizathu ezithile zakhiwe izici ezintathu.Okokuqala, impahla yabo ingase ibe phesheya kwezilwandle, hhayi ngempela eBahamas.Okwesibili, isiqondiso sakamuva se-OCC sigunyaza amabhange asekhaya ngaphansi kokuqondisa kwawo ukuthi amukele idiphozithi yabakhiphi be-stablecoin (kanye nezinye izidingo) kuphela uma la mathokheni egcinwe ngokugcwele.UTether uvumile ukuthi usanda kuzinza nehhovisi le-NYAG.Kukhona izitatimende ezingamanga kanye nokwephulwa kwemithethonqubo.Okokugcina, lokhu kuqashelwa nokunye okukhathazayo kungase kubangele ukukhathazeka kwesithunzi sengozi yamabhange amakhulu asekhaya ngoba angakwazi ukwamukela ingxenye enkulu yalezi zimpahla ezigciniwe.

Izikhungo ezisezingeni eliphakeme zijoyina ukulawulwa kwenkulumo nge-stablecoin yedola laseMelika.

Okwesibili, inqubo yokuthuthukiswa kwe-cryptocurrency nayo iyisidingo sokukhishwa ngokweqile kwama-stablecoins.

Ngokombiko okhishwe yiGemini ngo-Ephreli 21 kulo nyaka, i-14% yabantu baseMelika manje sebengabatshalizimali be-crypto.Lokhu kusho ukuthi abantu abadala baseMelika abayizigidi ezingama-21.2 bane-cryptocurrency, kanti ezinye izifundo zilinganisela ukuthi le nombolo ingaphezulu kakhulu.

Ngesikhathi esifanayo, idiphozithi ye-cryptocurrency engxenyeni yokuqala yalo nyaka ikhuphuke ngo-48% embikweni wabasebenzisi be-crypto oshicilelwe uhlelo lokusebenza lokukhokha lwase-UK STICPAY, kuyilapho amadiphozithi asemthethweni ahlala engashintshiwe.Umbiko ubonisa ukuthi uma kuqhathaniswa nesikhathi esifanayo ngonyaka odlule, inani labasebenzisi be-STICPAY abaguqule imali ye-fiat ibe yimali eyimfihlo likhuphuke ngo-185%, kuyilapho inani labasebenzisi abaguqule imali ye-crypto ibuyele emalini ye-fiat lehle ngo-12%.

Imakethe ye-crypto ikhula ngesivinini esishaqisayo, esikhuthaza ngokuqondile ukuchuma nokuthuthukiswa kwemakethe ye-stablecoin.

Eqinisweni, naphezu kobuthakathaka bamuva bemakethe ye-crypto bull, ijubane lokukhishwa kwemali ezinzile alizange liyeke.Ngokuphambene nalokho, ukukhishwa kwe-USDT ne-USDC kungene esigabeni sokukhula ngokushesha.Thatha i-USDC njengesibonelo.NgoMeyi 22, ezinsukwini ezine kamuva, i-USDC iyodwa yakhipha izigidi ezi-5 ngaphezulu.

Okokugcina, wukugqugquzelwa kokusungulwa kwezimali okusabalalisiwe.

NgoMashi 2020, uMakerdao wanquma ukwengeza uhlobo lwemali oluzinzile lwe-USDC njengesibambiso se-DeFi.Njengamanje, cishe ama-38% e-DAI akhishwe yi-USDC njengesibambiso.Ngokwenani lamanje lemakethe le-DAI elingamadola ayizigidi eziyizinkulungwane ezingu-4.65, inani le-USDC ethenjiswe i-Makerdao iyodwa liphezulu njengezigidigidi ezingu-1.8 zamadola aseMelika, okubalelwa ku-7.9% wesamba esikhishwe i-USDC.

Ngakho-ke, inani elikhulu kangaka lama-stablecoins liyoba namuphi umthelela emakethe ye-crypto?

3. Imakethe yezezimali iyakhula, ngokusekelwe ekwandeni kwezimali ezisemthethweni, kanjalo nemakethe ye-crypto

Uma sibuza ukuthi "Ukusabalala kwe-stablecoins yamadola aseMelika kuthinta kanjani imakethe ye-crypto", ake siqale sibuze "Ukwanda kwamadola aseMelika kuthinta kanjani imakethe yamasheya yase-US".

Yini eqhube imakethe yezinkunzi zeminyaka eyishumi esitokweni saseMelika?Impendulo isobala: i-dollar liquidity eyanele.

Kusukela ngo-2008, i-Federal Reserve isebenzise imizuliswano emi-4 ye-QE, okuyi-quantitative easing, futhi ifake izigidigidi eziyi-10 zemali emakethe yemali.Ngenxa yalokho, ikhuthaze ngokuqondile iminyaka engu-10 kuhlanganise ne-Nasdaq Index, i-Dow Jones Industrial Index, kanye ne-S&P 500. Imakethe yezinkunzi ezinkulu.

Imakethe yezezimali iyakhula futhi isekelwe ekwandeni kwezimali zomthetho, imakethe ye-crypto nakanjani izolandela imithetho enjalo.Kodwa-ke, ekunciphiseni nasekugelezeni kokushintsha kabusha kwemakethe yezezimali, imakethe ye-crypto ingase ishayeke kanzima, kodwa ngemuva kokukhuphuka nokwehla kwe-K-line, okuhlala kungashintshiwe ukuthi intengo ye-BTC iqhubekela phambili ngokulandela umkhondo we-S2F. .

Ngakho-ke, ngisho noma imakethe ye-crypto iye yabhekana nokugeza okunobudlova kwe-519, lokhu ngeke kuguqule ikhono elinamandla lokuzilungisa le-Bitcoin, okuwuhlobo "lokuqina" okwenza noma iyiphi impahla yezezimali emhlabeni ibe namahloni.

#BTC#  #KDA#