这个话题视角太cool！各种稳定币监管政策的出台背后，市场的确严重低估了“收益型稳定币”这个赛道的爆发潜力：
首先要理解什么是收益型稳定币——它本质上是"会自己生钱的数字美元"。
不同于USDT、USDC这些传统稳定币只是数字化的现金工具，收益型稳定币通过将美国国债、DeFi借贷、衍生品套利等收益机制直接嵌入代币逻辑中，让持有者自动获得3%-27%的年化收益。
这不是简单的DeFi创新，而是稳定币本身功能的重新定义——从"存钱"进化为"钱生钱"。
那么收益稳定币市场如何呢？收益型稳定币从2023年8月的6.6亿美元到现在的90亿美元，一年多时间13倍增长，2024年单年增长583%。但即使增速如此快，其目前仍只占2300亿美元稳定币市场的不到5%。对标货币市场基金7万亿美元的成熟规模，这个赛道万亿级的增长空间还在后头呢。
更关键的是政策风向变了。 SEC对收益型稳定币的监管立场从之前的模糊不清，逐渐变得明确起来，各种立法框架也在加速推进。以及BlackRock这样的传统金融巨头通过BUIDL等产品直接下场等等。
当政策合规路径清晰、基础设施完善、机构资金涌入三大要素齐备时，“收益型稳定币”很可能复制1971年货币基金的爆发轨迹，成为连接传统金融和数字资产的超级桥梁。
31
29.28K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.