Ziziphi ii-Stablecoins eziBeka iSivuno? Iindlela zeMarike kunye namaThuba ngo-2025

Ukuba ucinga ukuba i-stablecoins iyadika, cinga kwakhona. Isizukulwana esitsha se-asethi sibhala ngokuzolileyo iscript. Ezi zii-stablecoins ezivelisa isivuno, iidola zedijithali ezifumana ingeniso ye-passive ngelixa zigcina isikhonkwane se-$1.  

" I-USDe ka-Ethena yodwa yongeze i-$2.7 yeebhiliyoni , idlula neempahla ezindala ezifana ne-USDT. Xa zizonke, iimodeli ezithwala isivuno zilawula unikezelo olutsha, nto leyo ebonisa apho isantya sabatyali-mali siya khona."

Ukukhula kuyazithetha. Ngaphezulu kwe-11 yeebhiliyoni zeerandi ngoku zixhomekeke kwiimodeli ezithwala isivuno, ezixhaswa ngamaqhinga e-DeFi akrelekrele, uphuhliso oluqinileyo lwe-stablecoin , kwaye zixhaswa zii-asethi zehlabathi lokwenyani ezithokeniweyo. Nokuba ungumakhi weWeb3, ungummi weDeFi, okanye ungumtyali-mali okwinqanaba lokuqala, ithuba lokubamba inxaxheba livulekile.

Le bhlog ikuhambisa ngeendlela, iimeko zokusetyenziswa, kunye nesiseko sophuhliso lwe-stablecoin emva kwezi asethi zokuvelisa ingeniso, ukuze ukwazi ukwakha ngokuzithemba okanye ukukala okulandelayo kwi-DeFi.

Ziziphi ii-Stablecoins eziBeka iSivuno?

I-stablecoins evelisa isivuno zizinto zedijithali ezigcina ixabiso elizinzile ngelixa livelisa ingeniso ye-passive kubanikazi. Ngokungafaniyo ne-stablecoins yendabuko efana ne-USDT okanye i-USDC, ebamba kuphela ixabiso ngaphandle kokubuyisela imbuyekezo, i-stablecoins evelisa isivuno senzelwe ukunceda abasebenzisi ukuba bafumane inzala ngokuzenzekelayo ngokuthatha inxaxheba kwi-stablecoin yokulima isivuno. Ezi stablecoins zisebenza ngokusebenzisa iimali ezidipozithiweyo ukwenza isivuno ngezicwangciso ezahlukeneyo zezimali ezinatyisiweyo. Oku kubandakanya ukuboleka, ukubekelwa bucala, notyalo-mali kwii-asethi zelizwe lokwenyani ezifana namatyala kaNondyebo waseMelika. Ingeniso eyenziwe kule misebenzi isasazwa kubanini mhlawumbi ngokunyusa ixabiso lophawu okanye ngokongeza amathokheni amaninzi kwi-wallet yabo. Le nkqubo ingundoqo wophuhliso lokulima isivuno se-stablecoin.

Eminye yemizekelo ekhokelayo ibandakanya i-sDAI, i-USDE, i-USDY, kunye ne-OUSD. La mathokheni aphuhliswa yiprotocol eziphambili okanye ngoncedo lwenkampani yophuhliso lwe-stablecoin. Zisetyenziselwa ukonga kunye neentlawulo, ukurhweba, kunye nophuhliso lokufama lweDeFi kuzo zonke iinkqubo zendalo ezifana ne-Ethereum, iArbitrum, kunye neSolana. Isishwankathelo, ii-stablecoins ezivelisa isivuno zibonelela ngexabiso elizinzile elidityaniswe ne-automated earning potential, okwenza kube yinto entsha eyomeleleyo kwihlabathi le-DeFi kunye nezibonelelo zemali zanamhlanje.

I-Stablecoins eZithwala iZivuno: Iindlela eziphambili zeMarike kunye namathuba okuBukelwa ngo-2025

I-stablecoins evelisa isivuno zifumana ukukhula okuqhumayo kwi-2025, isuka kwi-experimenti ye-DeFi ukuya kwizinto eziphambili zeepotfoliyo zeziko.

1. I-Delta-Neutral Strategies:

Imodeli ye-delta-neutral yintsika ye-stablecoins yanamhlanje evelisa isivuno. Endaweni yokuxhomekeka ekulimeni isivuno okanye imbuyekezo yomqondiso, ezi zicwangciso zidibanisa amazinga enkxaso-mali yexesha elizayo kunye nembuyekezo ye-liquid staking. Isiphumo? Izivuno ezizinzileyo ngaphandle kokuvezwa kukuguquguquka kwexabiso.

Kutheni kubalulekile: Iiprotokholi ezifana ne-Ethena (USDe) sele zibonakalise imfuno, zifikelela kwi- $8.4B ekhoyo. UMthetho we-GENIUS ka-2025 uqinise imvume yomthetho kwiimodeli ezinjalo, ususa imiqobo emikhulu yokuthobela imithetho.

2. Ukwenziwa kweMpahla ye-Asethi yeHlabathi (RWA): 

Khawuthelekelele ii-stablecoins ezixhaswa kungengazo iindlela ze-algorithmic kodwa zii-US Treasuries kunye nee-money market funds. Kulapho i-RWA tokenization ikhanya khona, inikezela ngokhuseleko olukumgangatho wesikhungo kunye nokusebenza kakuhle kwi-chain. Inzuzo kolu didi itsala abadlali abakhulu abanjengoGoldman Sachs kunye noBNY Mellon, abaqalise ii-tokenized funds ngo-2025.

Kutheni le ndlela iphumelela: IiTokenized RWA azipheleli nje kwi-yield; zakha ukuthembana kunye nokuthobela imithetho. IDeloitte iceba i-$4T kwi-tokenized real estate ngo-2035, kwaye ii-stablecoins ziya kukhokela olo tshintsho.

3. Ulwamkelo lweSebe likaNondyebo: 

Iinkampani ezigcina imali zingena kwixesha elisetyenziswayo. Phantse ama-49% eenkampani zemali sele zisebenzisa ii-stablecoins, kwaye amanye ama- 41% akwiinkqubo zovavanyo. Ngoba? Kuba ii-stablecoins ezithwala isivuno zivula intlawulo yama-24/7, ukuhamba kwemali okucwangcisiweyo, kunye nokunciphisa iindleko ezinkulu. Iinkampani zinokususa ii-akhawunti ezininzi zebhanki kunye neefizi zokuguqulwa kwe-FX kwiindleko zokusebenza.

Ubungakanani beMarike: Ngaphezu kwe-8B yeedola kwithuba elinokulungiswa njengoko amaziko afuna izisombululo zikanondyebo we-blockchain.

4. IiNtlawulo ezinqamlezileyo: 

Ukudluliselwa kwemida bekusoloko kubiza kwaye kucotha. I-stablecoins evelisa isivuno ijika loo nto entloko kunye neendawo zokuhlala ezikufutshane. Kwi-2024 yodwa, i-$ 5.7T kwiintengiselwano eziwela umda zihamba ngeereyili ze-stablecoin. Ngoku, ukongeza umaleko wesivuno kwenza ezi asethi zibe nomtsalane ngakumbi kurhwebo lwehlabathi kunye nokuthunyelwa kwemali.

Ngubani ozuzayo: I-Fintechs, ababoneleli bemali, kunye nemimandla engasenabhankini ifikelela kwiintlawulo ezikhawulezayo, ezingabizi kakhulu, ezivelisa isivuno.

5. I-DeFi Yield Aggregators: 

Ukulawula imithombo emininzi yemveliso ngesandla kuphelelwe lixesha. Ngena kwi-DeFi yield aggregators ezifana nePendle Finance, okwangoku elawula i-30% yemarike ye-stablecoin ethwala isivuno. La maqonga ahlulahlula isivuno kunye ne-principal, enze iimveliso zengeniso esisigxina, kwaye enze imbuyekezo ibe ngcono ngokuzenzekelayo kwiiprotokholi ezininzi.

Yintoni elandelayo: Lindela ukusasazwa kwee-multi-chain, iimveliso zemveliso ezicwangcisiweyo, kunye nolawulo lomngcipheko weziko njengoko abaqokeleli bekhula.

Kutheni u-2025 ingunyaka wokuqhawuka

• Ixabiso lemarike litsibe ukusuka kwi- $1.5B ukuya $ 11B kwiinyanga nje ezili-18.
• I-JPMorgan iqikelela ukuba i-stablecoins evelisa isivuno inokufikelela kwi-50% yesabelo semarike.
• Ingcaciso elawulayo ngoMthetho weGENIUS iqinisekise imodeli yeshishini.
• Idityanisiwe, le mizila imele i-84B + yeedola kumathuba emarike ngo-2026.

Sebenzisa Amatyala kunye neMizekelo yokwenyani yehlabathi

1. Ugcino lwePassive & IiMveliso zeNgeniso

Ityala Lokusetyenziswa: Ukutshintsha iidiphozithi zebhanki ezinexabiso eliphantsi kunye nokonga imali ekwi-chain, ngokuzenzekelayo.

• USDY (Imali ye-Ondo): Ibonisa i-Ofisi ye-US yexesha elifutshane, abanini-mali, 4 – 5% APY ngokuzenzekelayo.
• USDM (iProtocol yaseNtabeni): I-stablecoin elawulwa yi-Bermuda ebuyisela imihla ngemihla kwisipili se-Treasury bill isivuno-esilungele abatyali-mali abangengabo base-US.
• I-OUSD (iProtokholi yeMvelaphi): Idibanisa i-USDC, i-USDT, kunye ne-DAI kwi-Aave & Convex, ihambisa izivuno eziguquguqukayo ze-DeFi ngokuthe ngqo kwizipaji. 

2. IiNtlawulo ezinqamlezileyo kunye neeNtlawulo ezithunyelwa ngaphandle

Ityala Lokusetyenziswa: Iintlawulo eziphantsi, eziphantse zibe yidola ngokukhawuleza ngaphesheya kwemida.

• TransFi: Yenza ukuba abasebenzi kumazwe ali-100+ bathumele i-USDC okanye i-PYUSD nge <1% imirhumo kunye nokulungiswa kwemizuzu yesantya.
• I-RippleNet + USDC: Iifintech zaseNigeria zisebenzisa iireyile zeUSDC ukudlula ukuguquguquka kwe-naira, ukuqinisekisa ukuba abamkeli bafumana ixabiso elipheleleyo ngexesha lokunyuka kwamaxabiso. 

3. UNondyebo woShishino kunye noPhuculo lweNgxowa-mali eSebenzayo

Ityala Lokusetyenziswa: Ulawulo lwemali olusebenzayo kwiFortune 500s kunye neenkampani ezikhula ngokukhawuleza.

• Imali yeJPM (JPMorgan): Utshayela umbane ongasebenziyo kwi-tokenized T-bill stablecoins ngobusuku, ibamba ~ 5% isivuno ngaphandle kokungenelela ngesandla.
• Inkqubo kaNondyebo weSMBC: Ukwaba ngokuzenzekelayo iibhalansi ezigqithileyo kwiithokheni ezivelisa isivuno, ukunciphisa imali engasebenziyo ngobusuku kunye nokunyusa imbuyekezo. 

4. I-DeFi Liquidity, Collateral & Hedging

Ityala Lokusetyenziswa: Ukusebenzisa iithokheni ezithwala isivuno njengezinto ezibambekayo kunye nezinto ezenziwe nge-synthetics.

• sUSDe (Ethena): Idola yokwenziwa kweDelta-neutral edityaniswe ne-ETH ngeebhulukhwe ezimfutshane ezingunaphakade.
• I-Pendle Finance: Ukwahlula inqununu kunye nesivuno sexesha elizayo, ukudala amathokheni engeniso esisigxina; ngoku iyala i-30% ye-stablecoin evelisa isivuno se-TVL. 

5. IMarike yeMali yeZiko kunye noManyano lwe-RWA

Ityala Lokusetyenziswa: Iimali zemarike yemali ezikwi-intanethi kunye neeasethi zehlabathi lokwenyani eziphawulweyo.

• I-BlackRock's BUIDL kunye ne-FOBXX kaFranklin Templeton: Umba kwi-chain-chain money-market fund shares convertible 1:1 nge fiat. 
• USDY & Matrixdock STBT: Qinisekisa isivuno esixhaswa nguNondyebo kubatyali-mali abavunyiweyo, ebonelela ngophicotho-zincwadi oluselubala kunye nokhuseleko lomgangatho weziko. 

Ukukwazi ukubonelela ngezixhobo eziqikelelwayo, ezivelisa isivuno ezixhaswa yi-asethi yelizwe lokwenene okanye izicwangciso ze-delta-neutral zithatha ingqalelo yeziko. Abatyalomali babona ezi stablecoins kungekhona nje njengezixhobo ze-DeFi, kodwa njengeziseko zezemali ezikwazi ukuphazamisa iimveliso zokulondoloza, iimarike zemali, kunye neentlawulo zemida.

Ungaqala njani ngee-Stablecoins eziBeka iSivuno

Ukwakha isivuno esithwala i-stablecoins siqala ngenjongo ecacileyo: ukudibanisa ukuzinza kwexabiso kunye nengeniso ye-passive nge-DeFi. Ukuphehlelela eyakho i-stablecoin evelisa isivuno, udinga zombini uyilo olunobuchule kunye ne-tech stack efanelekileyo. Qala ngokusebenzisana nenkampani enamava yophuhliso lwe-stablecoin eqonda indlela yokudibanisa izicwangciso ze-chain-chain isivuno. Ithokheni yakho kufuneka ixhaswe zii-asethi ezizinzileyo ezifana ne-USDC okanye i-DAI kwaye iqhagamshelwe kwiiprothokholi ezizenzekelayo ezivelisa isivuno. Esi sisiseko sophuhliso lokulima isivuno se-stablecoin.

Isitaki setekhnoloji esipheleleyo sibandakanya:

• Ukuqina okanye i-Vyper yeekontraki ezihlakaniphile
• I-Ethereum, i-Arbitrum, okanye i-Solana yokuthunyelwa
• I-Chainlink oracles zokutya kwamaxabiso
• Iiprothokholi zeVault (ezifana ne-Aave, i-Lido, okanye i-Pendle) kuphuhliso lokulima lwe-DeFi
• Utshintsho oluzenzekelayo lwengqiqo okanye ulungelelwaniso lwezinga lotshintshiselwano ukuzisa imbuyekezo yokwenziwa
• Izixhobo ezongezelelweyo ezifana ne-Gnosis Safe, i-Etherscan APIs, kunye neemodyuli zolawulo ziyimfuneko ekukhanyeni nasekulawuleni.

I-stablecoins ezivelisa isivuno zifumana ingqalelo enkulu. Ngaphezulu kwe-11 yeebhiliyoni zeedola ekuboneleleni kunye nomdla oqinileyo weziko, ngoku lixesha lokuba abatyali-mali baxhase okanye benze i-stablecoins enika ixabiso elizinzileyo kunye nengeniso eyakhelwe-ngaphakathi. Imarike ilungile. Izixhobo zikhona. Ithuba liyinyani.

Isiphelo: Ikamva Lizinzile, kwaye Liyahlawula

Ukuba uyenzile ukuza kuthi ga ngoku, into enye kufuneka icace: i-stablecoins evelisa isivuno ayiyona nto idlulayo. Bayilungisa ngokutsha indlela ixabiso eligcinwe ngayo, lidluliselwe, kwaye likhuliswe kwixesha ledijithali. Ukusuka kugcino lwe-passive kunye neentlawulo zehlabathi ukuya kwiinkqubo ze-treasury ze-on-chain kunye nokudityaniswa kwe-asethi yehlabathi lokwenyani, ezi tokens zibonakalise indawo yazo kwi-DeFi nakwimali yemveli. 

Ngoku, iliza elilandelayo lelabakhi kunye nabatyali-mali abalungele ukwenza imali kolu tshintsho.

Nokuba ujonge ukuqalisa iprotokholi, ukuxhasa iprojekthi ye-stablecoin ethembisayo, okanye ukwandisa ipotifoliyo yakho yeWeb3, lixesha ngoku. Imfuno iyinyani. Isivuno sizinzile. Kwaye itekhnoloji ikulungele ukukhuliswa. Okufunekayo kukubona umbono ocacileyo, iqabane elifanelekileyo lophuhliso, kunye nokuzibophelela ekwakheni ikamva lezemali. Sebenzisana ne-Antier, inkampani ephambili yophuhliso lwe-stablecoin enika amandla izisombululo zeDeFi zesizukulwana esilandelayo. Siza kukunceda uyile, uphuhlise, kwaye usebenzise ii-stablecoins ezithwala isivuno ezibalaseleyo kukhuphiswano luka-2025.

Qala ngamandla. Isikali ngokukhawuleza. Yakhiwe ngeAntier.