稳定币如何成为传统金融与加密世界的桥梁？｜文摘

Core Insights - The report from ARK Invest highlights that the annual transaction volume of stablecoins reached $15.6 trillion in 2024, surpassing the total transaction volume of Visa and Mastercard, with a record daily transaction of $270 billion in December 2024 [2] - The stablecoin market is expanding, with Bitcoin prices exceeding $100,000 and the DeFi ecosystem becoming increasingly rich, indicating a new phase of regulatory innovation and rapid development in the global crypto asset market [2] - The integration of stablecoins with traditional payment systems is accelerating, as banks expand crypto asset-related services and the barriers between capital markets and crypto markets are gradually being dismantled [2] Group 1: Integration of Stablecoins and Payment Systems - Stablecoins offer significant advantages in payment time and cost, with cross-border payments using stablecoins completing in under one hour compared to five days for traditional bank transfers [4] - The average cost of cross-border remittances in traditional modes is 6.62%, while sending stablecoins via high-performance blockchains like Solana costs approximately $0.00025 [4] - The use of stablecoins in payment scenarios has rapidly increased, from $1.69 billion in January 2019 to $95.144 billion by July 2025, with a total transfer amount of approximately $27.16 trillion in 2024 [5] Group 2: Strategic Investments and Collaborations - Tether, the issuer of USDT, invested strategically in fintech company Fizen to enhance USDT's global application and payment infrastructure [6] - Circle, the issuer of USDC, partnered with GCash in the Philippines to allow users to receive, purchase, hold, or trade USDC [6] - Major payment companies like PayPal and Stripe are expanding their stablecoin payment capabilities, with PayPal launching its own stablecoin and Stripe acquiring a stablecoin platform [6][8] Group 3: Banking Institutions and Crypto Collaborations - Banks are increasingly exploring stablecoin issuance, with notable examples including JPMorgan's launch of its stablecoin and Standard Chartered's entry into stablecoin issuance testing [8] - The number of banks participating in stablecoin and crypto asset services has rapidly increased, with institutions like ZA Bank and Emirates NBD offering crypto asset trading services [8][9] - BNY Mellon has expanded its services to include transactions with stablecoin issuer Circle, enhancing the liquidity of crypto asset trading [9] Group 4: Capital Market and Crypto Market Integration - Tokenization via blockchain allows for instant buying, selling, and transferring of assets, significantly reducing transaction costs and risks [13] - The market for Real World Asset (RWA) tokenization has doubled in size, with over $22 billion in market size and nearly 190 issuers as of April 2025 [13] - Major financial institutions are accelerating their tokenization processes, with Fidelity and Franklin Templeton launching tokenized funds [13][14] Group 5: Regulatory Policies Supporting Crypto Innovation - The U.S. regulatory stance on stablecoins and crypto assets is shifting towards supporting innovation and regulatory development, with significant changes following Trump's re-election [23] - Multiple countries are accelerating their regulatory frameworks for stablecoins and crypto assets, influenced by the U.S. policy shift [24] - The establishment of strategic Bitcoin reserves by the U.S. government is prompting other nations to consider similar initiatives, enhancing the legitimacy of crypto assets [25][26]