穩定幣需求上升 可能壓低利率

穩定幣需求增長,或將壓低利率:美聯儲的米蘭

美國聯邦儲備委員會理事史蒂芬·米蘭(Stephen Miran)指出,與美元掛鉤的加密穩定幣需求增長,可能會在未來五年內促使利率下降。

米蘭在紐約的BCVC峰會上表示,這些與美元掛鉤的加密代幣可能會對中性利率(即不刺激或抑制經濟的利率)施加“下行壓力”。他提到,如果中性利率下降,中央銀行也會相應降低利率。

根據CoinGecko的數據,目前所有穩定幣的總市值約為310.7億美元,米蘭建議美聯儲的研究顯示,這一市場在未來五年內可能增長至高達3萬億美元的價值。

米蘭表示:“我的論點是,穩定幣已經在增加美國國債和其他美元計價流動資產的需求,這一需求將持續增長。”他還指出,穩定幣可能成為中央銀行面對的“多萬億美元的大象”。

包括國際貨幣基金組織在內的多個機構已警告,穩定幣對傳統金融資產和服務構成威脅,因為它們可能會與傳統銀行爭奪客戶。美國銀行團體也呼籲國會加強對穩定幣的監管,認為這些穩定幣可能吸引潛在的銀行客戶。

規範鋪平道路

在演講中,米蘭讚揚了GENIUS法案,該法案為穩定幣設定了明確的指導方針和消費者保護。他指出,監管框架將在促進穩定幣的更廣泛採用中發揮關鍵作用。

他表示:“雖然我對新規範持懷疑態度,但我對GENIUS法案感到非常鼓舞。這一穩定幣的監管機制為持有傳統美元資產提供了合法性和問責性。”他補充道:“對於貨幣政策而言,GENIUS法案最重要的方面是要求美國境內的發行商保持至少一比一的儲備,並以安全且流動的美元計價資產作為支持。”

這一討論揭示了穩定幣在金融體系中的潛在影響力,尤其是在當前經濟環境中,利率和通脹的波動使得穩定幣的需求日益增加。米蘭的觀點不僅反映了對穩定幣未來增長的樂觀預期,也突顯了對其監管的迫切需求。隨著穩定幣市場的擴大,如何平衡創新與風險將成為政策制定者面臨的重要挑戰。

以上文章由特價GPT API KEY所翻譯及撰寫。而圖片則由FLUX根據內容自動生成。

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In a brightly lit indoor setting, likely a press conference room, two uniformed police officers flank a man in a plain brown t-shirt. The officers, wearing blue shirts with epaulets and badges, have a firm but neutral grip on the man's shoulders, directing him towards the cameras. The man [image uploaded] with short dark hair, is smiling subtly and maintaining eye contact with the lens.

Stretching across the foreground is a white-draped table, upon which a diverse collection of women's underwear is meticulously displayed. There are dozens of pairs in various colors, patterns, and styles, including solid hues of red, blue, pink, and black, as well as leopard print and other designs. Several microphones with news station logos are placed among the undergarments, pointing towards the man and officers.

Behind the table, a throng of journalists and photographers are actively documenting the event. Many are holding professional video cameras with large lenses and attached lights, while others are using DSLR cameras with flash attachments, and some are capturing footage with their smartphones. The room is illuminated by rectangular fluorescent light panels on the ceiling, casting an even glow. The overall atmosphere suggests a formal public presentation, possibly a police press briefing or an arrest announcement. Use the original face exactly as it is, without changing a details. A striking, high-fashion editorial portrait of a white -skinned model, captured outdoors with a bright, sunny, slightly hazy ambiance reminiscent of the late 1980s or early 1990s.
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• Model: A female model with elegant features and dark, curly hair, posed looking over her shoulder towards the camera. Her expression is confident and alluring.
• Outfit: She is wearing a two-piece outfit (or a playsuit/romper) entirely covered in black and white polka dots.
• Top: A loose, long-sleeved shirt, worn off one shoulder, showcasing the neckline. The polka dots on the shirt appear slightly smaller and more uniform.
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