国泰君安国际研报:未来稳定币市场很有可能呈现「双轨并行」的发展特征
BlockBeats 消息,7 月 10 日,国泰君安国际近日发表题为《来自泰达币的启示:非美元稳定币能否破局?》的数字资产研究报告表示,随着全球主要国家及经济体稳定币监管框架的落地,全球数字资产市场也正在经历历史性的变革。该行指出,经过多年发展,非美元稳定币已经具备扩展基础,而今年以来的「去美元化」趋势也为非美稳定币提供了新的契机。从现有稳定币市场的监管框架以及发展现状看,未来稳定币市场很有可能呈现「双轨并行」的发展特征。
一方面,以美国本土合规稳定币为主导,服务于受强监管的传统金融和机构市场,强调安全、透明和法律保障。另一方面,泰达币可能继续在特定区域和加密原生生态中扮演重要角色;同时,依托不同主权货币的合规离岸稳定币将加速发展,服务于特定的地缘经济圈和多元化需求。从市场构成看,对泰达币而言,美国稳定币合规化浪潮既是市场份额的挑战,也可能成为其深耕特定「离岸」生态的契机。与此同时,非美元稳定币也可以从泰达币身上寻找到自己的出圈可能。
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