[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-state-street-launches-stablecoin-reserve-fund-zh":3,"article-related-state-street-launches-stablecoin-reserve-fund-zh":33,"series-blockchain-279c4074-144c-485d-a8d5-3da6c6cba573":77},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":25,"views":29,"created_at":30,"published_at":31,"topic_cluster_id":32},"279c4074-144c-485d-a8d5-3da6c6cba573","state-street-launches-stablecoin-reserve-fund-zh","State Street 進軍穩定幣儲備基金","\u003Cp data-speakable=\"summary\">State Street 推出\u003Ca href=\"\u002Ftag\u002F穩定幣\">穩定幣\u003C\u002Fa>儲備基金，代表傳統金融開始直接卡位鏈上資金\u003Ca href=\"\u002Fnews\u002Frust-built-different-update-server-admins-zh\">管理\u003C\u002Fa>。\u003C\u002Fp>\u003Cp>\u003Ca href=\"https:\u002F\u002Fwww.statestreet.com\" target=\"_blank\" rel=\"noopener\">State Street\u003C\u002Fa> 這次不是在講空話。這家有 234 年歷史的金融機構，直接把資產管理能力丟進穩定幣儲備市場。\u003C\u002Fp>\u003Cp>它引用的預估也很猛。到 2030 年，全球穩定幣發行量可能落在 1.9 兆到 4 兆美元之間。這種數字，已經不是小眾加密圈在自嗨了。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>數據點\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003Cth>意義\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>State Street 歷史\u003C\u002Ftd>\u003Ctd>234 年\u003C\u002Ftd>\u003Ctd>老牌金融機構直接切入鏈上基礎設施\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>2030 穩定幣發行量預估\u003C\u002Ftd>\u003Ctd>1.9 兆到 4 兆美元\u003C\u002Ftd>\u003Ctd>儲備資產管理會變成大市場\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>預估時間點\u003C\u002Ftd>\u003Ctd>2030\u003C\u002Ftd>\u003Ctd>給了市場與監管一個中期觀察窗\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>這家老銀行為什麼現在出手\u003C\u002Fh2>\u003Cp>講白了，State Street 不是想炒幣。它是看準穩定幣背後那堆現金、短天期美債，還有流動性管理需求。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781855270728-r4dx.png\" alt=\"State Street 進軍穩定幣儲備基金\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>穩定幣要穩，就得有足夠安全的儲備資產。這種資產通常要能快速變現，波動又不能太大。對銀行來說，這就是很標準的資產管理生意。\u003C\u002Fp>\u003Cp>更現實一點說，錢不一定要從代幣本體賺。你只要能管儲備、做託管、處理贖回、提供報告，照樣能吃到這波需求。\u003C\u002Fp>\u003Cul>\u003Cli>穩定幣常用在交易與結算。\u003C\u002Fli>\u003Cli>儲備資產要夠安全，也要夠快變現。\u003C\u002Fli>\u003Cli>機構客戶在意託管、揭露與贖回速度。\u003C\u002Fli>\u003Cli>鏈上金融會拉高現金型資產需求。\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>真正重要的是那個 2030 數字\u003C\u002Fh2>\u003Cp>State Street 丟出的預估不是裝飾品。1.9 兆到 4 兆美元，這個區間很大，但低標也已經夠嚇人。\u003C\u002Fp>\u003Cp>如果穩定幣真的往這個方向走，儲備基金就不再只是配角。它會變成整個鏈上金融的底層現金池。\u003C\u002Fp>\u003Cp>這也解釋了為什麼大銀行開始動。它們不一定要發行穩定幣，但可以\u003Ca href=\"\u002Fnews\u002Fopenai-ipo-prep-policy-hiring-play-zh\">先把\u003C\u002Fa>最穩、最無聊、也最賺錢的那塊搶走。\u003C\u002Fp>\u003Cblockquote>“The stablecoin market is the next big thing in crypto,” said Larry Fink, CEO of \u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa>, in his 2024 annual letter.\u003C\u002Fblockquote>\u003Cp>這句話很有份量。不是幣圈 KOL 講的，是全球最大資產管理公司老闆親口講的。\u003C\u002Fp>\u003Cp>而且 \u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa> 早就往代幣化和儲備型產品前進。State Street 這步，等於把大機構的方向講得更直白。\u003C\u002Fp>\u003Ch2>跟其他金融巨頭比，差在哪\u003C\u002Fh2>\u003Cp>State Street 不是第一個碰這塊的。\u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa>、\u003Ca href=\"https:\u002F\u002Fwww.citi.com\" target=\"_blank\" rel=\"noopener\">Citigroup\u003C\u002Fa>、\u003Ca href=\"https:\u002F\u002Fwww.jpmorgan.com\" target=\"_blank\" rel=\"noopener\">JPMorgan\u003C\u002Fa> 都已經在代幣化、支付和結算\u003Ca href=\"\u002Fnews\u002Fopen-source-tools-vibe-coding-cybersecurity-zh\">工具\u003C\u002Fa>上試水溫。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781855266789-tsjk.png\" alt=\"State Street 進軍穩定幣儲備基金\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>差別在於，State Street 更像是直接切到「儲備層」。這一層很無聊，但很重要。因為每一個穩定幣發行量成長，都會拉出更多需要管理的短期資產。\u003C\u002Fp>\u003Cp>這種生意的好處很直接。市場上沖得再兇，儲備管理還是要做。波動可以很大，手續費通常比較穩。\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.blackrock.com\" target=\"_blank\" rel=\"noopener\">BlackRock\u003C\u002Fa> 主打代幣化與儲備型產品。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.statestreet.com\" target=\"_blank\" rel=\"noopener\">State Street\u003C\u002Fa> 直接把資產管理能力接到穩定幣儲備。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.citi.com\" target=\"_blank\" rel=\"noopener\">Citigroup\u003C\u002Fa> 也在看數位資產與代幣化應用。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.jpmorgan.com\" target=\"_blank\" rel=\"noopener\">JPMorgan\u003C\u002Fa> 已經做了多年區塊鏈支付與結算工具。\u003C\u002Fli>\u003C\u002Ful>\u003Cp>我覺得這場競賽的重點，不是誰最會喊 \u003Ca href=\"\u002Ftag\u002Fweb3\">Web3\u003C\u002Fa>。是誰能把合規、流動性、託管一起做好。大銀行在這裡真的有優勢。\u003C\u002Fp>\u003Ch2>對穩定幣發行商和投資人意味著什麼\u003C\u002Fh2>\u003Cp>對發行商來說，這種基金可以省掉一堆麻煩。你不用自己從零搭完整的資金管理架構，也不用每一步都自己扛。\u003C\u002Fp>\u003Cp>對投資人來說，訊號也很清楚。資金正在往有用的基礎設施跑，不是往喊得最大聲的代幣跑。\u003C\u002Fp>\u003Cp>如果穩定幣真的走到兆美元級，儲備管理會變成一塊很大的費用池。那時候，銀行、資產管理公司、託管機構都會想進來分一杯羹。\u003C\u002Fp>\u003Ch2>這波其實是金融基礎設施戰\u003C\u002Fh2>\u003Cp>很多人看加密，只盯著幣價。這很正常，但也很膚淺。真正穩定的錢，通常是藏在基礎設施裡。\u003C\u002Fp>\u003Cp>穩定幣如果要進一步滲透支付、跨境轉帳、企業財務，背後就需要更多現金型資產。這時候，誰能提供合規又高流動性的儲備產品，誰就比較有機會吃到長線收入。\u003C\u002Fp>\u003Cp>這也是為什麼我會把 State Street 這步看得比一般新聞更重。它不是在追熱度，而是在搶鏈上金融的底層位置。\u003C\u002Fp>\u003Ch2>接下來該盯什麼\u003C\u002Fh2>\u003Cp>接下來幾季，重點不是只有 State Street 會不會再推新產品。更重要的是，其他大行會不會跟著做。\u003C\u002Fp>\u003Cp>如果更多資產管理公司開始推出類似的儲備基金，代表市場已經把穩定幣當成正式資產類別在處理。那時候，監管規則也會跟著變細。\u003C\u002Fp>\u003Cp>我會先盯兩件事：一是儲備資產能放什麼，二是贖回流程有多快。這兩個數字，會直接決定誰能活下來。\u003C\u002Fp>\u003C\u002Fh2>","State Street 推出穩定幣儲備基金，押注到 2030 年穩定幣發行量可能達 1.9 兆到 4 兆美元，銀行開始搶進鏈上資金管理層。","www.thestreet.com","https:\u002F\u002Fwww.thestreet.com\u002Fcrypto\u002Fmarkets\u002F234-year-old-bank-launches-stablecoin-fund",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781855270728-r4dx.png","blockchain","zh","d3db0199-96c9-41bf-9f48-6da17c2228ed",[17,18,19,20,21,22,23,24],"State Street","穩定幣","儲備基金","資產管理","加密金融","代幣化","美債","機構投資",[26,27,28],"State Street 把傳統資產管理能力帶進穩定幣儲備市場。","2030 年穩定幣發行量若到 1.9 兆到 4 兆美元，儲備管理會變成大生意。","大銀行搶的不是幣價，而是鏈上金融的底層基礎設施。",0,"2026-06-19T07:47:28.30687+00:00","2026-06-19T07:47:28.299+00:00","1534679b-7605-4ede-a072-791c912656e7",{"tags":34,"relatedLang":36,"relatedPosts":40},[35],{"name":18,"slug":18},{"id":15,"slug":37,"title":38,"language":39},"state-street-launches-stablecoin-reserve-fund-en","State Street launches a stablecoin reserve fund","en",[41,47,53,59,65,71],{"id":42,"slug":43,"title":44,"cover_image":45,"image_url":45,"created_at":46,"category":13},"b1b8c1d7-bd97-4486-9fcb-09ccfa280d24","shiba-inu-slips-after-shibarium-breach-zh","SHIB跌 6.99%，Shibarium 風險還在","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781860690162-b22h.png","2026-06-19T09:17:39.169967+00:00",{"id":48,"slug":49,"title":50,"cover_image":51,"image_url":51,"created_at":52,"category":13},"629408a0-2f92-4253-b374-034204ebbec1","fast-solana-token-development-defi-nfts-web3-zh","Solana SPL Token 部署與上線指南","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781838170291-iloc.png","2026-06-19T03:02:28.633701+00:00",{"id":54,"slug":55,"title":56,"cover_image":57,"image_url":57,"created_at":58,"category":13},"a6a6f0b0-9071-459b-a7ae-9a0a8c93e73c","solana-developer-slowdown-healthy-reset-zh","Solana 開發者放緩是健康重置，不是警訊","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781837274782-i3j4.png","2026-06-19T02:47:29.252153+00:00",{"id":60,"slug":61,"title":62,"cover_image":63,"image_url":63,"created_at":64,"category":13},"7bdcbbd8-e63c-485f-8f78-7795d6d580fa","solana-kai-fa-zhe-xin-zi-vs-yi-tai-fang-kai-fa-zhe-xin-zi-zh","Solana 開發者薪資 vs 以太坊開發者薪資","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781836373642-h2yo.png","2026-06-19T02:32:27.936955+00:00",{"id":66,"slug":67,"title":68,"cover_image":69,"image_url":69,"created_at":70,"category":13},"c1bd2bcf-a0f4-4de1-a4e2-3afaf9b9bd06","solana-developer-dip-consolidation-not-warning-zh","Solana 開發者回落不是警訊，而是整合期","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781835480702-5kgv.png","2026-06-19T02:17:32.498182+00:00",{"id":72,"slug":73,"title":74,"cover_image":75,"image_url":75,"created_at":76,"category":13},"68fc6cf3-6346-484a-82ff-7d37ad66b8ac","web3-development-costs-2026-pricing-guide-zh","2026 年 Web3 開發成本全解析","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1781832785725-5syg.png","2026-06-19T01:32:37.522852+00:00",[78,83,88,93,98,103,108,113,118,123],{"id":79,"slug":80,"title":81,"created_at":82},"e1b4b518-f86b-410c-8c82-8cfb787ff2ef","moonpay-open-wallet-standard-ai-payments-zh","MoonPay 推 OWS，瞄準 AI 付款","2026-03-28T03:08:33.379969+00:00",{"id":84,"slug":85,"title":86,"created_at":87},"e72bae29-ddbd-437b-aaa4-cd662605394b","next-gen-crypto-simulators-ai-web3-training-zh","新一代加密模擬器更聰明了","2026-04-01T09:36:33.917023+00:00",{"id":89,"slug":90,"title":91,"created_at":92},"b8e39b58-6b9d-4714-92d3-26df18a3e0f4","rtk-cuts-claude-code-token-spend-zh","RTK 讓 Claude Code 少燒 Token","2026-04-01T10:24:29.259497+00:00",{"id":94,"slug":95,"title":96,"created_at":97},"7ff10146-4ca0-4670-a02c-384dde04f610","trm-labs-ai-agents-crypto-investigations-zh","TRM Labs 將 AI agent 帶進加密調查","2026-04-01T10:33:30.166266+00:00",{"id":99,"slug":100,"title":101,"created_at":102},"00668dea-9f0e-4019-b861-03817d5a8877","how-web3-marketing-changed-in-2026-zh","2026 Web3 行銷怎麼變了","2026-04-02T01:36:34.973322+00:00",{"id":104,"slug":105,"title":106,"created_at":107},"e7992274-42ee-40bc-bb05-97250098c56c","ai-agentic-defi-web3-grants-march-2026-zh","AI、Agentic DeFi 與 Web3 補助案","2026-04-02T05:51:36.857954+00:00",{"id":109,"slug":110,"title":111,"created_at":112},"5cef810b-af3d-467a-8b41-627769eca895","why-crypto-is-fixated-on-ai-agents-zh","為何加密圈盯上 AI Agent","2026-04-02T05:54:28.919864+00:00",{"id":114,"slug":115,"title":116,"created_at":117},"d30e6203-d522-41a1-b529-fcf4499cd985","web3-explained-what-it-is-why-it-matters-zh","Web3 是什麼，為何重要","2026-04-02T06:15:32.580114+00:00",{"id":119,"slug":120,"title":121,"created_at":122},"f29e65ae-64df-463b-ba22-afd9dcbd0f8f","trust-wallet-agent-kit-ai-trade-25-chains-zh","Trust Wallet 讓 AI 幫你交易","2026-04-02T06:27:33.183404+00:00",{"id":124,"slug":125,"title":126,"created_at":127},"91022b4c-b53e-4c18-abfe-914a8eca6e28","blockchain-in-ai-real-use-cases-zh","區塊鏈加 AI，真實落地在哪裡","2026-04-02T06:30:44.026286+00:00"]