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USDC储备资产类别
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所属报告:
非银行金融行业稳定币系列报告一:扬帆起航香港稳定币产业链生态深度解析-250717(30页).pdf
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各国对 USDT 和 USDC 的持有情况
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行业数据
2026-04-01
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2025 年,Circle 共冻结 214个ETH地址上的USDC-ERC20资产。
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行业数据
2026-01-05
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图表7法币抵押稳定币(USDT、USDC)市场份额超90%
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竞争格局
2025-10-23
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USDC与USDT比较
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行业数据
2025-08-08
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过去一年USDT及USDC的价格波动:USDT在±0.2%,USDC在±0.05%
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行业数据
2025-07-25
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当前市值Top10稳定币:USDT及USDC为主导
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行业数据
2025-07-25
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USDC的申购与赎回机制
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行业数据
2025-07-24
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2019年以来,USDC的行情与加密货币总市
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行业数据
2025-07-24
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图表11USYC与USDC的协同架构
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行业数据
2025-07-21
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图表1USDC有效钱包数据(按季度统计,截至2024年末)
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行业数据
2025-07-21
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2025年7月主流美元稳定币USDT、USDC、DAI
5qC55o2u5oKo5o+Q5L6b55qE5L+h5oGv77yM5Lul5LiL5piv5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgojIyMg5pWw5o2u6KGo5qC8Cgp8IOeos+WumuW4gSB8IOW4guWAvO+8iOS6v+e+juWFg++8iSB8IOS7t+agvO+8iOe+juWFg++8iSB8CnwgOi0tOiB8IDotLTogfCA6LS06IHwKfCBVU0RUIHwgMTU3OCB8IDEuMDAgfAp8IFVTREMgfCA2MTUgfCAxLjAwIHwKfCBEQUkgfCA1NCB8IDAuOTkgfAoKIyMjIOi1hOaWmeadpea6kArmlbDmja7mnaXmupDvvJpDb2luTWFya2V0Q2FwLCDkuJzlkLTor4HliLjnoJTnqbbmiYA=
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行业数据
2025-07-15
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图表8USDC前五大供应区块链及场景对比
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行业数据
2025-07-14
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USDC规模波动上升(单位:亿美元)
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行业数据
2025-07-09
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USDC储备成分(截至2025年6月26日)
fCDpobnnm64gICAgICAgICB8IOmHkeminSAgICB8CnwtLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS18Cnwg5Zyo5rWB6YCaICAgICAgIHwgNjE25Lq/576O5YWDICAgfAp8IOWHhuWkh+mHkSAgICAgICB8IDYxOeS6v+e+juWFgyAgIHwKCui1hOaWmeadpea6kO+8mkNpcmNsZeWumOe9ke+8jOWbveS/oeivgeWIuOe7j+a1jueglOeptuaJgOaVtOeQhg==
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我们认为,众安银行未来与稳定币相关的盈利模式可能有:1)托管业务:参考海外经验,一般按托管资产规模的 0.1%–0.5%计算。此外,根据 USDC 与 USDT 的发展经验,储备资产中均有一定比例的现金/存款,其中合规程度更高的 USDC 当前现金占比仍高达 15%左右,有望为众安银行贡献低息资产,改善净息差水平。2)分销业务:参考 Circle 与 Coinbase收入分成机制,Circle 发行 USDC 并通过 Coinbase 分销,在扣除不到 1%的基础发行成本后的利息净额,Coinbase 和 Circle 按照自身平台持有+托管的 USDC 份额,分掉相应份额的利息收入,剩余净收入池则按照 5:5 平分,但该案例中分销商的分成比例较为极致,预计众安银行即便从事分销业务,分成比例也将显著低于 coinbase。3)虚拟资产交易服务:稳定币的发展有望吸引更多客户参与。
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非银行金融行业稳定币系列报告一:扬帆起航香港稳定币产业链生态深度解析-250717(30页).pdf
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