The financial world is undergoing a shift as seismic as the transition from analog to digital communications. At the heart of this shift are stablecoins. 

金融世界正在经历一场与从模拟到数字通信的转变一样巨大的转变。这种转变的核心是稳定币。

Just as digital networks transformed telecommunications in the late 1990s, turning copper wires into light-speed data highways, stablecoins are set to rewire global finance. This shift will enable businesses and consumers alike to move, earn, save, and spend money without the frictions of traditional systems.

正如数字网络在 1990 年代后期改变了电信，将铜线变成了光速数据高速公路一样，稳定币将重新连接全球金融。这种转变将使企业和消费者都能在没有传统系统的摩擦的情况下移动、赚钱、储蓄和消费。

Stablecoins, like messaging apps, benefit from network effects. Their utility grows exponentially with adoption. In just six years, stablecoin supply has surged from near zero to $250 billion, with forecasts of $2 trillion by 2028. Real-world stablecoin payments meanwhile have grown from half a billion in 2020 to $7.4 trillion in the last 12 months (source: Visa). 

稳定币与消息应用程序一样，受益于网络效应。它们的效用随着采用率呈指数级增长。在短短六年时间里，稳定币供应量从接近零飙升至 2500 亿美元， 预计到 2028 年将达到 2 万亿美元。与此同时，现实世界的稳定币支付已从 2020 年的五亿美元增长到过去 12 个月的 7.4 万亿美元 （ 来源：Visa）。

Recent developments, such as Circle's IPO and the launch of stablecoins by major financial institutions like JPMorgan and Fiserv, underscore this momentum. We believe we're moving toward a world where a large majority of global money will exist in the form of stablecoins.

最近的发展，例如 Circle 的 IPO 以及摩根大通和 Fiserv 等主要金融机构推出稳定币，都强调了这一势头。我们相信，我们正在迈向一个全球大部分货币将以稳定币形式存在的世界。