[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-us-bank-stablecoin-fight-could-aid-china-zh":3,"tags-us-bank-stablecoin-fight-could-aid-china-zh":33,"related-lang-us-bank-stablecoin-fight-could-aid-china-zh":45,"related-posts-us-bank-stablecoin-fight-could-aid-china-zh":49,"series-blockchain-950fb83b-1c31-46b0-afcc-dde57e8663ff":86},{"id":4,"title":5,"content":6,"summary":7,"source":8,"source_url":9,"author":10,"image_url":11,"keywords":12,"language":21,"translated_content":10,"views":22,"is_premium":23,"created_at":24,"updated_at":24,"cover_image":11,"published_at":25,"rewrite_status":26,"rewrite_error":10,"rewritten_from_id":27,"slug":28,"category":29,"related_article_id":30,"status":31,"google_indexed_at":32,"x_posted_at":10,"tweet_text":10,"title_rewritten_at":10,"title_original":10,"key_takeaways":10,"topic_cluster_id":10,"embedding":10,"is_canonical_seed":23},"950fb83b-1c31-46b0-afcc-dde57e8663ff","美國穩定幣之爭，可能讓中國受益","\u003Cp>現在全球穩定幣流通量，已經超過 1500 億美元。這不是小圈圈在玩幣而已。它牽動的是美元怎麼上鏈，還有誰能定義數位現金。\u003C\u002Fp>\u003Cp>美國華府最近吵的，其實只有一個規則。穩定幣能不能發利息，或給類似收益的回饋。講白了，這是銀行存款、\u003Ca href=\"\u002Fnews\u002Fsec-cftc-crypto-asset-classification-guidance-zh\">加密\u003C\u002Fa>支付、和金融主導權的三方拉扯。\u003C\u002Fp>\u003Cp>如果銀行最後贏了，穩定幣可能會變成不好用的支付工具。那樣一來，美國可能保住部分銀行利差，卻也讓其他國家有更多空間訂規則。\u003C\u002Fp>\u003Ch2>穩定幣到底在吵什麼\u003C\u002Fh2>\u003Cp>穩定幣是跟美元或其他法幣掛鉤的 Tok\u003Ca href=\"\u002Fnews\u002Fai-agent-workflows-context-actions-verification-zh\">en\u003C\u002Fa>。常見的發行商有 \u003Ca href=\"https:\u002F\u002Fwww.circle.com\" target=\"_blank\" rel=\"noopener\">Circle\u003C\u002Fa> 和 \u003Ca href=\"https:\u002F\u002Ftether.io\" target=\"_blank\" rel=\"noopener\">Tether\u003C\u002Fa>。它們背後通常放現金、短天期美債，或其他高流動資產。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1775116341871-iw88.png\" alt=\"美國穩定幣之爭，可能讓中國受益\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這種設計很土，但很實用。\u003Ca href=\"\u002Fnews\u002Ftrust-wallet-agent-kit-ai-trade-25-chains-zh\">交易\u003C\u002Fa>者拿它當中繼站，支付公司拿它試做跨境轉帳，DeFi 專案則拿它當基礎流動性。說真的，這東西蠻猛的地方，就是速度快又便宜。\u003C\u002Fp>\u003Cp>爭議點在於，穩定幣發行商、交易所、和合作 App，能不能對餘額發利息或獎勵。銀行當然反對。因為一旦穩定幣像現金管理帳戶，銀行的存款就會被分走。\u003C\u002Fp>\u003Cp>這裡的差別很現實。傳統轉帳常常慢，還要吃手續費。穩定幣幾分鐘就能結算，跨境也不用靠卡組織。你可能會想問，既然這麼方便，為什麼還要卡它？答案就是既有金融利益。\u003C\u002Fp>\u003Cul>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.circle.com\u002Fusdc\" target=\"_blank\" rel=\"noopener\">USDC\u003C\u002Fa> 是最常見的合規美元穩定幣之一。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Ftether.io\u002Fusdt\" target=\"_blank\" rel=\"noopener\">USDT\u003C\u002Fa> 在交易對裡仍是最大宗。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fusa.visa.com\u002Fsolutions\u002Fcrypto.html\" target=\"_blank\" rel=\"noopener\">Visa\u003C\u002Fa> 已測試過穩定幣結算。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.paypal.com\u002Fpyusd\" target=\"_blank\" rel=\"noopener\">PYUSD\u003C\u002Fa> 也想把數位美元帶進一般支付。\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>銀行為什麼這麼怕\u003C\u002Fh2>\u003Cp>銀行不是怕穩定幣這個名詞。它們怕的是存款外流。只要用戶能把現金轉進會生息的 Token，銀行就少了一筆便宜資金來源。利率高的時候，這件事會更痛。\u003C\u002Fp>\u003Cp>所以銀行團體一直想切開兩件事。銀行存款是存款，穩定幣就是穩定幣。不要讓它們長得太像。銀行的說法很直接：如果數位美元也能拿收益，那它就很像銀行帳戶，只是監管沒那麼重。\u003C\u002Fp>\u003Cp>但反方也講得很直白。若美國把穩定幣規則寫得太死，結果可能不是大家回去用銀行，而是更多人轉去海外平台。這會讓美國自己慢下來，別人反而有機會補位。\u003C\u002Fp>\u003Cblockquote>“The internet is becoming the town square for the global village of tomorrow.” — Vint Cerf\u003C\u002Fblockquote>\u003Cp>這句話是 Vint Cerf 1999 年講的。放到今天也很準。支付系統就是網路的地基。誰定義數位美元，誰就影響錢怎麼流。\u003C\u002Fp>\u003Cp>我覺得這場仗的本質，不是要不要銀行。是美國要不要把數位現金做成基礎建設。還是繼續把它當成金融邊角料。\u003C\u002Fp>\u003Ch2>中國在看什麼\u003C\u002Fh2>\u003Cp>中國早就知道，支付系統是國力的一部分。它推過 \u003Ca href=\"https:\u002F\u002Fwww.pbc.gov.cn\u002Fen\u002F3688006\u002Findex.html\" target=\"_blank\" rel=\"noopener\">e-CNY\u003C\u002Fa>，也在做跨境支付測試。雖然人民幣數位貨幣還不是全球儲備資產，但北京很清楚，控制支付路徑就是控制部分金融話語權。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1775116364742-osb2.png\" alt=\"美國穩定幣之爭，可能讓中國受益\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>如果美國把穩定幣做得太保守，影響不會只在幣圈。更多 fintech 會找繞路方案，海外平台會繼續吸走流動性，其他國家的支付系統也會拿這件事當案例。簡單說，就是美國自己先縮手，別人就更好補上。\u003C\u002Fp>\u003Cp>這裡最容易被忽略的一點，是美元優勢不只靠國債和銀行。它也靠基礎設施。當美元能在鏈上快速流動，美元就不只是帳面貨幣，而是可編程的支付工具。\u003C\u002Fp>\u003Cul>\u003Cli>中國的 e-CNY 已在多個城市做零售試點。\u003C\u002Fli>\u003Cli>\u003Ca href=\"https:\u002F\u002Fwww.bis.org\u002Fabout\u002Fbisih\u002Ftopics\u002Fcbdc\u002Fmbridge.htm\" target=\"_blank\" rel=\"noopener\">BIS mBridge\u003C\u002Fa> 在做跨境 CBDC 實驗。\u003C\u002Fli>\u003Cli>穩定幣多半幾分鐘內結算，跨境電匯常常更慢。\u003C\u002Fli>\u003Cli>美元穩定幣仍主導加密流動性，美國其實有機會寫規則。\u003C\u002Fli>\u003C\u002Ful>\u003Ch2>把兩邊放一起看\u003C\u002Fh2>\u003Cp>銀行要的是存款安全。它們希望規則把收益留在銀行體系內。Crypto 公司要的是可編程現金。它們想讓穩定幣像 API 一樣可被組裝、拆解、再接到各種 App。\u003C\u002Fp>\u003Cp>如果國會站在銀行那邊，結果大概會是這樣。銀行保住低成本存款。穩定幣還能做交易，但不太適合日常持有。fintech App 少了一個拉用戶的功能。\u003C\u002Fp>\u003Cp>如果國會站在 crypto 那邊，銀行一定會罵。因為存款壓力會上來。但用戶會得到更清楚的選擇。至少他們知道，數位美元可以比傳統帳戶更好用。\u003C\u002Fp>\u003Cp>下面這組比較，最能看出差別：\u003C\u002Fp>\u003Cul>\u003Cli>銀行派：存款留在銀行，成本較穩。\u003C\u002Fli>\u003Cli>銀行派：穩定幣偏向交易用途。\u003C\u002Fli>\u003Cli>Crypto 派：用戶能把數位美元當現金管理工具。\u003C\u002Fli>\u003Cli>Crypto 派：海外產品會更難搶走美元流動性。\u003C\u002Fli>\u003C\u002Ful>\u003Cp>我比較支持中間路線。可以給類似收益，但要有清楚準備金規則。也要切開受保險存款和 Token 餘額。這樣銀行不會整個被掏空，穩定幣也不會變成廢物。\u003C\u002Fp>\u003Ch2>這場爭論其實很老派\u003C\u002Fh2>\u003Cp>很多人以為這是幣圈在吵小事。其實不是。這跟當年貨幣市場基金、電子支付、甚至信用卡回饋都很像。每次新工具出現，舊金融體系都會先喊風險。\u003C\u002Fp>\u003Cp>但這次多了一層地緣政治。美元如果不能順利上鏈，別人就會更積極做自己的數位支付路徑。這不是陰謀論，是很基本的市場空間問題。\u003C\u002Fp>\u003Cp>所以我會說，這場規則戰的重點，不是穩定幣會不會幹掉銀行。重點是美國要不要自己定義下一代數位美元。還是把空間留給海外平台和其他國家。\u003C\u002Fp>\u003Ch2>接下來要看什麼\u003C\u002Fh2>\u003Cp>接下來最該盯的，是國會最後怎麼寫。是直接禁掉收益，還是留一個中間版本。前者會讓穩定幣更像交易工具。後者才有機會讓它變成真正的支付基礎設施。\u003C\u002Fp>\u003Cp>我的判斷很簡單。只要規則太保守，創新就會往外跑。不是每個人都會回銀行。很多人只會去找更順手的產品。這件事如果寫歪了，美國自己會少掉一塊數位金融主導權。\u003C\u002Fp>\u003Cp>你如果是開發者，我會建議先看兩件事。第一，穩定幣 API 的合規要求。第二，跨境結算的成本差。這兩個數字，會比口號更誠實。\u003C\u002Fp>","美國銀行業想擋穩定幣利息，表面是保護存款，實際可能拖慢美元上鏈。若規則寫得太保守，中國與其他海外支付系統就有更多空間。","www.washingtonpost.com","https:\u002F\u002Fwww.washingtonpost.com\u002Fopinions\u002F2026\u002F03\u002F27\u002Fcryptocurrency-stablecoin-banks-congress-china\u002F",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1775116341871-iw88.png",[13,14,15,16,17,18,19,20],"穩定幣","美國銀行","中國","數位美元","USDC","USDT","e-CNY","加密支付","zh",0,false,"2026-04-02T07:06:30.525801+00:00","2026-04-02T07:06:30.504+00:00","done","b7592b14-296f-4011-94d2-67a62381e3cf","us-bank-stablecoin-fight-could-aid-china-zh","blockchain","a58df6b5-cca0-4ebb-8cdf-cf02c1ceff77","published","2026-04-09T09:00:50.366+00:00",[34,36,37,38,40,41,42,44],{"name":17,"slug":35},"usdc",{"name":20,"slug":20},{"name":15,"slug":15},{"name":19,"slug":39},"e-cny",{"name":14,"slug":14},{"name":13,"slug":13},{"name":18,"slug":43},"usdt",{"name":16,"slug":16},{"id":30,"slug":46,"title":47,"language":48},"us-bank-stablecoin-fight-could-aid-china-en","U.S. bank stablecoin fight could aid China","en",[50,56,62,68,74,80],{"id":51,"slug":52,"title":53,"cover_image":54,"image_url":54,"created_at":55,"category":29},"8c37fa14-a081-4810-b5b8-2a2a184a7d1d","web3-communication-trust-infrastructure-2026-zh","Web3 溝通正在變成信任基礎設施","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778797251989-it0w.png","2026-05-14T22:20:32.600359+00:00",{"id":57,"slug":58,"title":59,"cover_image":60,"image_url":60,"created_at":61,"category":29},"9059e494-8f72-4c34-a888-2424c682da10","why-bases-x402-protocol-matters-more-than-100m-zh","為什麼 Base 的 x402 協議比 1 億美元里程碑更重要","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778719260627-a0va.png","2026-05-14T00:40:19.962138+00:00",{"id":63,"slug":64,"title":65,"cover_image":66,"image_url":66,"created_at":67,"category":29},"74969a5b-7ec5-4686-80ee-fa39a5cc43d4","gala-games-web3-gaming-2026-zh","Gala Games 在 Web3 遊戲找回存在感","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778689265110-p0y5.png","2026-05-13T16:20:41.782583+00:00",{"id":69,"slug":70,"title":71,"cover_image":72,"image_url":72,"created_at":73,"category":29},"d330d44a-4eff-4ba6-aa72-5ef246e31c64","why-lace-20-matters-more-than-cardanos-next-hard-fork-zh","為什麼 Lace 2.0 比 Cardano 下一次硬分叉更重要","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778681462051-f600.png","2026-05-13T14:10:25.488549+00:00",{"id":75,"slug":76,"title":77,"cover_image":78,"image_url":78,"created_at":79,"category":29},"0af0a4b2-b0a1-4a52-8fe9-1328bde87c8e","why-ethereum-treasury-buying-is-a-bad-bet-zh","為什麼 Ethereum Treasury Buying 正在變成一筆差勁的長…","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778386236909-ytls.png","2026-05-10T04:10:21.784208+00:00",{"id":81,"slug":82,"title":83,"cover_image":84,"image_url":84,"created_at":85,"category":29},"ab3ef302-99ee-40b3-b2d0-4b67a9049ec4","yakovenko-warns-ai-could-crack-pqc-wallets-zh","Yakovenko 警告：AI 可能破解 PQC 錢包","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1778170266863-wnnh.png","2026-05-07T16:10:41.097774+00:00",[87,92,97,102,107,112,117,122,127,132],{"id":88,"slug":89,"title":90,"created_at":91},"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":93,"slug":94,"title":95,"created_at":96},"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":98,"slug":99,"title":100,"created_at":101},"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":103,"slug":104,"title":105,"created_at":106},"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":108,"slug":109,"title":110,"created_at":111},"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":113,"slug":114,"title":115,"created_at":116},"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":118,"slug":119,"title":120,"created_at":121},"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":123,"slug":124,"title":125,"created_at":126},"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":128,"slug":129,"title":130,"created_at":131},"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":133,"slug":134,"title":135,"created_at":136},"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"]