{"id":4833,"date":"2025-10-25T00:55:16","date_gmt":"2025-10-24T16:55:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=4833"},"modified":"2025-10-25T00:55:16","modified_gmt":"2025-10-24T16:55:16","slug":"%e4%b8%80%e5%91%a8%e5%86%85%e4%b8%89%e5%ae%b6%e9%93%b6%e8%a1%8c%e5%80%92%e4%b8%8b%ef%bc%8c%e4%b8%8d%e6%98%af%e5%b8%81%e5%9c%88%e7%9a%84%e9%94%99%ef%bc%81%e5%8d%b1%e6%9c%ba%e6%98%af%e5%a6%82%e4%bd%95","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=4833","title":{"rendered":"\u4e00\u5468\u5185\u4e09\u5bb6\u94f6\u884c\u5012\u4e0b\uff0c\u4e0d\u662f\u5e01\u5708\u7684\u9519\uff01\u5371\u673a\u662f\u5982\u4f55\u53d1\u751f\u7684\uff1f"},"content":{"rendered":"

\n\t\u77ed\u77ed\u4e00\u5468\uff0c\u7f8e\u56fd\u4e09\u5bb6\u94f6\u884c\u76f8\u7ee7\u53d1\u751f\u5371\u673a\u3002\u4f46\u8fd9\u5e76\u975e\u52a0\u5bc6\u4ea7\u4e1a\u7684\u9519\uff0c\u800c\u662f\u94f6\u884c\u7684\u7cfb\u7edf\u6027\u5371\u673a\uff0c\u7a76\u7adf\u5371\u673a\u662f\u5982\u4f55\u53d1\u751f\u7684\uff1f\u672a\u6765\u53c8\u4f1a\u5982\u4f55\uff1f<\/p>\n

\n\t\u4e00\u5468\u5185\u4e09\u5bb6\u94f6\u884c\u5012\u4e0b\uff0c\u4e0d\u662f\u5e01\u5708\u7684\u9519\uff01<\/h2>\n

\n\t\u77ed\u77ed\u4e00\u5468\uff0c\u4e24\u5bb6\uff08\u622a\u7a3f\u524dSignature Bank\u5173\u95ed\uff0c\u6570\u91cf\u4e0a\u5347\u81f3\u4e09\u5bb6\uff09\u7f8e\u56fd\u94f6\u884cSilvergate Bank\u3001\u7f8e\u56fd\u77fd\u8c37\u94f6\u884c(Silicon Valley Bank\uff0cSVB\uff09\u76f8\u7ee7\u53d1\u751f\u5371\u673a\u3002<\/p>\n

\n\t\u4e5f\u56e0\u4e3a\u6070\u597dSilvergate Bank\u5bf9\u52a0\u5bc6\u8d27\u5e01\u4e1a\u8005\u76f8\u5bf9\u53cb\u5584\uff0c\u518d\u52a0\u4e0a\u77fd\u8c37\u94f6\u884c\u662f\u5168\u7403\u4e3b\u8981\u7684\u7f8e\u91d1\u7a33\u5b9a\u5e01USDC\u7684\u53d1\u884c\u5546Circle\u7684\u5176\u4e2d\u4e00\u5bb6\u94f6\u884c\u4f19\u4f34\uff0c\u8bb8\u591a\u4eba\u8bef\u4f1a\u8fd9\u573a\u5371\u673a\u662f\u4ece\u52a0\u5bc6\u8d27\u5e01\u70e7\u5f80\u4f20\u7edf\u91d1\u878d\uff0c\u5b9e\u9645\u4e0a\u5374\u662f\u5b8c\u5168\u76f8\u53cd\u7684\uff0c\u4e0d\u4ec5\u5982\u6b64\uff0c\u8fd9\u662f\u94f6\u884c\u7684\u7cfb\u7edf\u6027\u5371\u673a\uff0c\u6700\u7cdf\u7cd5\u7684\u60c5\u51b5\u5f88\u53ef\u80fd\u662f\u6050\u614c\u3001\u6324\u5151\uff0c\u63a5\u7740\u662f\u4e00\u8fde\u4e32\u7684\u94f6\u884c\u8fde\u73af\u7206\u3002<\/p>\n

\n\t\u6211\u4eec\u6536\u5230\u5f88\u591a\u6295\u8d44\u4eba\u3001\u7528\u6237\u548c\u5468\u56f4\u4eb2\u53cb\u7684\u8be2\u95ee\uff0c\u73b0\u5728\u6211\u4eec\u6700\u9700\u8981\u7684\u662f\u7406\u6027\uff0c\u56e0\u4e3a\u5e02\u573a\u6700\u5bb9\u6613\u5728\u4e0d\u7406\u6027\u7684\u72b6\u51b5\u4e0b\u5931\u63a7\uff0c\u539f\u672c\u53ef\u4ee5\u907f\u5f00\u7684\u6700\u7cdf\u60c5\u51b5\uff0c\u5374\u65e0\u53ef\u907f\u514d\u3002\u56e0\u6b64\uff0c\u6211\u5e0c\u671b\u80fd\u85c9\u7531\u8fd9\u7bc7\u6709\u70b9\u957f\u7684\u8d34\u6587\uff0c\u8bf4\u660e\u4e8b\u60c5\u7684\u6765\u9f99\u53bb\u8109\uff0c\u4ee5\u53ca\u50cfXREX\u4ea4\u6613\u6240\u8fd9\u6837\u7684\u533a\u5757\u94fe\u91d1\u878d\u673a\u6784\uff0c\u5982\u4f55\u8bc4\u4f30\u3001\u5206\u6790\u3001\u63a8\u6f14\u548c\u5e94\u53d8\u3002<\/p>\n

\n\tSilvergate\u3001\u77fd\u8c37\u94f6\u884c\u76f8\u7ee7\u5012\u95ed\uff0c\u6572\u54cd\u4ec0\u4e48\u8b66\u949f\uff1f<\/h2>\n

\n\t\u9996\u5148\uff0c\u6211\u5fc5\u987b\u8981\u8bf4\uff0c\u8fd9\u4e2a\u4ecd\u6301\u7eed\u5ef6\u70e7\u4e2d\u7684\u5371\u673a\u76ee\u524d\u770b\u8d77\u6765\uff0c\u975e\u5e38\u4e0d\u4e50\u89c2\uff0c\u6211\u5fc3\u4e2d\u6709\u5f88\u6df1\u6c89\u7684\u5fe7\u8651\uff0c\u800cSilvergate\u548c\u77fd\u8c37\u94f6\u884c\u4e00\u5b9a\u4e0d\u662f\u552f\u4e8c\u4e24\u5bb6\uff0c\u6211\u8ba4\u4e3a\u6709\u8bb8\u591a\u5546\u4e1a\u94f6\u884c\u90fd\u9762\u4e34\u4e00\u6837\u7684\u538b\u529b\uff0c\u6709\u5f88\u5927\u7684\u53ef\u80fd\u6027\uff0c\u6211\u4eec\u4f1a\u9646\u7eed\u770b\u5230\u66f4\u591a\u7684\u94f6\u884c\u53d1\u751f\u56f0\u96be\uff0c\u5f15\u53d1\u9aa8\u724c\u6548\u5e94\uff0c\u800c\u8fd9\u662f\u6211\u4eec\u6240\u4e0d\u4e50\u89c1\u7684\u3002<\/p>\n

\n\t\u8eab\u4e3aXREX\u4ea4\u6613\u6240\u7684\u5171\u540c\u521b\u529e\u4eba\uff0c\u6211\u4eec\u5373\u4f7f\u5728Silvergate\u548c\u77fd\u8c37\u94f6\u884c\u90fd\u6ca1\u6709\u66dd\u9669\uff0c\u4f46\u6211\u4eec\u4e00\u5982\u5f80\u5e38\uff0c\u5c06\u6211\u4eec\u638c\u63e1\u7684\u5404\u65b9\u8baf\u606f\u505a\u6700\u6781\u7aef\u7684\u8bbe\u60f3\u4e0e\u6c99\u76d8\u63a8\u6f14\uff0c\u5e76\u5df2\u542f\u52a8\u5e94\u6709\u7684\u5404\u5c42\u98ce\u63a7\u63aa\u65bd\u3002\u8bf4\u5b9e\u8bdd\uff0c\u6211\u4eec\u76ee\u524d\u6700\u5934\u75db\u7684\uff0c\u4e0d\u662f\u5e94\u4ed8\u5927\u5bb6\u5728\u65b0\u95fb\u6216\u5e02\u573a\u4e0a\u770b\u5230\u7684\u65e2\u6709\u8baf\u606f\uff0c\u800c\u662f\u5728\u601d\u8003\uff0c\u5982\u679c\u4e8b\u60c5\u771f\u7684\u6f14\u53d8\u6210\u4e86\u6700\u7cdf\u7684\u60c5\u51b5\uff0c\u6211\u4eec\u8eab\u4e3a\u4ea4\u6613\u6240\u7ecf\u8425\u8005\uff0c\u5982\u4f55\u7ef4\u6301\u670d\u52a1\u4e0e\u8fd0\u8425\uff1f\u5e76\u786e\u4fdd\u7528\u6237\u8d44\u4ea7\u83b7\u5f97\u6700\u59a5\u5584\u7684\u4fdd\u969c\uff1f<\/p>\n

\n\t\"\"
\n\tSilvergate\u548c\u77fd\u8c37\u94f6\u884c\u4e24\u95f4\u94f6\u884c\u7684\u5371\u673a\uff0c\u4e3b\u56e0\u5e76\u4e0d\u5728\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\uff0c\u662f\u4f20\u7edf\u94f6\u884c\u7684\u98ce\u63a7\u4e0e\u8d44\u4ea7\u914d\u7f6e\uff0c\u76f4\u63a5\u7275\u52a8\u8fd9\u4e00\u5207\u7684\u3002<\/p>\n

\n\t\u5982\u540c\u6211\u4e00\u5f00\u5934\u5c31\u8bf4\uff0cSilvergate\u548c\u77fd\u8c37\u94f6\u884c\u4e24\u95f4\u94f6\u884c\u7684\u5371\u673a\uff0c\u4e3b\u56e0\u5e76\u4e0d\u5728\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u3002\u90a3\u4e3b\u56e0\u662f\u4ec0\u4e48\u5462\uff1f\u662f\u4f20\u7edf\u94f6\u884c\u7684\u98ce\u63a7\u4e0e\u8d44\u4ea7\u914d\u7f6e\uff0c\u800c\u76f4\u63a5\u7275\u52a8\u8fd9\u4e00\u5207\u7684\uff0c\u6b63\u662f\u8fd1\u4e00\u5e74\u6765\u7f8e\u56fd\u8054\u51c6\u4f1a\u7684\u75af\u72c2\u5347\u606f\u3002<\/p>\n

\n\t\u6211\u4e4b\u524d\u66fe\u7ecf\u5728\u4e4b\u524d\u7684\u300aWeb3 \u5927\u897f\u8fdb\u300bPodcast\u4e2d\u8bf4\u8fc7\uff0c\u91d1\u878d\u5c31\u662f\u91d1\u878d\uff0c\u5b83\u4e0d\u56e0\u662f\u4f20\u7edf\u91d1\u878d\u8fd8\u662f\u533a\u5757\u94fe\u91d1\u878d\u800c\u6709\u6240\u5dee\u522b\uff0c\u8fd9\u573a\u5371\u673a\u548c\u6240\u6709\u4eba\u90fd\u4f1a\u5207\u8eab\u76f8\u5173\u3002<\/p>\n

\n\t\u81ea\u7531\u5e02\u573a\u4e0e\u653f\u5e9c\u4ecb\u5165\u5982\u4f55\u5e73\u8861\uff1f<\/h2>\n

\n\t\u6211\u662f\u5b66\u7ecf\u6d4e\u5b66\u51fa\u8eab\u7684\uff0c\u56e0\u6b64\u5728\u5f00\u59cb\u8bf4\u660e\u8fd9\u4e4b\u524d\uff0c\u6211\u60f3\u8981\u5f15\u8ff0\u4e24\u4f4d\u4e0d\u540c\u5b66\u6d3e\u7684\u7ecf\u6d4e\u5b66\u5bb6\u7684\u540d\u8a00\uff0c\u4e00\u4e2a\u662f\u53e4\u5178\u5b66\u6d3e\u7684\u4e9a\u5f53\u53f2\u5bc6\u65af\uff1a\u300c\u770b\u4e0d\u89c1\u7684\u624b\u300d\uff08invisible hand)\uff1b\u53e6\u4e00\u4e2a\u5219\u662f\u51ef\u56e0\u65af\u5b66\u6d3e\u7684\u51ef\u56e0\u65af\u6240\u8a00\uff1a\u300c\u5728\u957f\u671f\uff0c\u6211\u4eec\u90fd\u6b7b\u4e86\u300d\uff08In the long run, we are all dead\uff09\u3002<\/p>\n

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\n\t\u5e02\u573a\u673a\u5236\u662f\u770b\u4e0d\u89c1\u7684\u624b<\/h3>\n

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\n\t\u5371\u673a\u65f6\uff0c\u8d22\u653f\u3001\u8d27\u5e01\u653f\u7b56\u7684\u79ef\u6781\u4ecb\u5165<\/h3>\n

\n\t\u4e0d\u540c\u4e8e\u53e4\u5178\u5b66\u6d3e\uff0c\u4ee5\u51ef\u56e0\u65af\u4e3a\u9996\u7684\u51ef\u56e0\u65af\u5b66\u6d3e\u8ba4\u4e3a\uff0c\u53ea\u8981\u6211\u4eec\u9047\u5230\u7ecf\u6d4e\u5371\u673a\uff0c\u653f\u5e9c\u5c31\u5e94\u8be5\u79ef\u6781\u4ecb\u5165\uff0c\u8fd0\u7528\u5176\u6240\u638c\u63e1\u7684\u8d22\u653f\u653f\u7b56\u548c\u8d27\u5e01\u624b\u6bb5\u53bb\u5e72\u6d89\u3002\u5c3d\u7ba1\u5728\u4ecb\u5165\u8fc7\u7a0b\u4e2d\u8fd9\u4f1a\u4ea7\u751f\u9884\u7b97\u8d64\u5b57\uff0c\u4f46\u82e5\u95ee\u9898\u89e3\u51b3\u4e86\uff0c\u7a0e\u6536\u5c31\u4f1a\u589e\u52a0\uff0c\u8d64\u5b57\u95ee\u9898\u81ea\u7136\u8fce\u5203\u800c\u89e3\u3002<\/p>\n

\n\t\u8fd9\u4e5f\u662f\u51ef\u56e0\u65af\u4f1a\u6709\u300c\u5728\u957f\u671f\uff0c\u6211\u4eec\u90fd\u6b7b\u4e86\u300d\u8fd9\u53e5\u540d\u8a00\uff0c\u4ed6\u76f8\u4fe1\uff0c\u653e\u4efb\u81ea\u7531\u5e02\u573a\u53bb\u8fbe\u5230\u81ea\u6211\u4fee\u590d\u867d\u7136\u53ef\u80fd\u8f83\u65e0\u540e\u9057\u75c7\uff0c\u4f46\u90a3\u4f1a\u8ba9\u5f53\u4e0b\u7684\u4eba\u75db\u82e6\uff0c\u51b5\u4e14\u6bcf\u4e2a\u4eba\u90fd\u662f\u5728\u5f53\u4e0b\u800c\u6d3b\uff0c\u957f\u671f\u7684\u672a\u6765\u6211\u4eec\u6bcf\u4e00\u4e2a\u4eba\u90fd\u4f1a\u662f\u6b7b\u4eba\u3002\u56e0\u6b64\uff0c\u653f\u5e9c\u7684\u804c\u80fd\u5c31\u662f\u8981\u4e13\u6ce8\u5728\u89e3\u51b3\u6211\u4eec\u5f53\u4e0b\u906d\u9047\u7684\u7ecf\u6d4e\u5371\u673a\u3002<\/p>\n

\n\t\u5e02\u573a\u673a\u5236\u548c\u653f\u5e9c\u4ecb\u5165\u6c38\u8fdc\u90fd\u662f\u6ca1\u6709\u7ed3\u8bba\u7684\u62d4\u6cb3\uff0c\u4f46\u4ece2008\u5e74\u7684\u73af\u7403\u91d1\u878d\u5371\u673a\u5f00\u59cb\uff0c\u6211\u4eec\u770b\u5230\u653f\u5e9c\u4ecb\u5165\u7684\u529b\u9053\u6025\u5267\u52a0\u5927\uff0c\u8ddd\u79bb\u6211\u4eec\u6700\u8fd1\u7684\u83ab\u8fc7\u4e8e\u662f\u4e09\u5e74\u95f4\uff0c\u4eba\u7c7b\u906d\u9047\u65b0\u51a0\u80ba\u708e\u51b2\u51fb\u542f\u52a8\u4e86\u524d\u6240\u672a\u6709\u7684\u5927\u5370\u949e\u8fd0\u52a8\uff0c\u8fd9\u4e00\u5242\u53c8\u4e00\u5242\u731b\u836f\u4e0d\u53ef\u80fd\u6ca1\u6709\u526f\u4f5c\u7528\uff0c\u76f4\u5230\u73b0\u5728\u6211\u4eec\u8ba8\u8bba\u8457\u77fd\u8c37\u94f6\u884c\u8fd9\u6837\u7684\u94f6\u884c\u4f18\u7b49\u751f\u65e0\u9884\u8b66\u5012\u95ed\uff0c\u90fd\u548c\u8fd9\u4e9b\u4e8b\u60c5\u6709\u5173\u3002<\/p>\n

\n\t\u4e5f\u552f\u6709\u6211\u4eec\u56de\u987e\u6628\u65e5\u7684\u6839\u6e90\uff0c\u6211\u4eec\u624d\u80fd\u77e5\u9053\u81ea\u5df1\u4eca\u5929\u771f\u6b63\u7ecf\u5386\u7684\u662f\u4ec0\u4e48\uff0c\u53c8\u8981\u9762\u5bf9\u4ec0\u4e48\u6837\u7684\u660e\u5929\u3002<\/p>\n

\n\t\u5371\u673a\u8d77\u6e90\uff1a\u4ece2008\u5e74\u73af\u7403\u91d1\u878d\u5371\u673a\u8c08\u8d77<\/h2>\n

\n\tSilvergate\u548c\u77fd\u8c37\u94f6\u884c\u4e24\u95f4\u94f6\u884c\u7684\u5371\u673a\uff0c\u6211\u8ba4\u4e3a\u5f97\u4ece2008\u5e74\u8c08\u8d77\u3002\u5f53\u65f6\u6b21\u7ea7\u623f\u8d37\u5f15\u7206\u7684\u8fde\u52a8\u503a\uff0c\u9020\u62101929\u5e74\u7ecf\u6d4e\u5927\u8427\u6761\u4ee5\u6765\u6700\u4e25\u91cd\u7684\u4e16\u754c\u7ecf\u6d4e\u5371\u673a\uff0c\u96f7\u66fc\u5144\u5f1f\u3001\u7f8e\u6797\u8bc1\u5238\u3001\u8d1d\u5c14\u65af\u767b\u7b49\u591a\u4e2a\u5386\u53f2\u60a0\u4e45\u7684\u94f6\u884c\u5de8\u5934\uff0c\u76f8\u7ee7\u906d\u9047\u6d41\u52a8\u6027\u5371\u673a\uff0c\u7834\u4ea7\u7684\u7834\u4ea7\u3001\u88ab\u63a5\u7ba1\u7684\u88ab\u63a5\u7ba1\u3001\u88ab\u6536\u8d2d\u7684\u88ab\u6536\u8d2d\uff0c\u5168\u7403\u91d1\u878d\u79e9\u5e8f\u77ac\u95f4\u5d29\u76d8\uff0c\u5f53\u5e74\u51b0\u5c9b\u7684\u56fd\u5bb6\u7834\u4ea7\u5371\u673a\u9020\u6210\u7684\u60ca\u5413\uff0c\u81f3\u4eca\u4ecd\u5386\u5386\u5728\u76ee\u3002<\/p>\n

\n\t\u4e5f\u5c31\u662f\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e4b\u4e0b\uff0c\u653f\u5e9c\u51b3\u5b9a\u4ee5\u8d22\u653f\u653f\u7b56\u4e0e\u8d27\u5e01\u624b\u6bb5\u5927\u529b\u5e72\u6d89\u3002\u4e00\u822c\u8c03\u63a7\u7ecf\u6d4e\u7684\u624b\u6bb5\u662f\u4ee5\u8d22\u653f\u4e3a\u4f18\u5148\uff0c\u4ea6\u5373\u653f\u5e9c\u4f1a\u4ee5\u300c\u589e\u52a0\u653f\u5e9c\u652f\u51fa\u300d\u548c\u300c\u51cf\u5c11\u7a0e\u6536\u300d\u4e3a\u524d\u5bfc\uff0c\u82e5\u662f\u65e0\u6cd5\u594f\u6548\uff0c\u624d\u5f97\u796d\u51fa\u8d27\u5e01\u653f\u7b56\u3002<\/p>\n

\n\t\u4ee5\u8d27\u5e01\u653f\u7b56\u6765\u8c03\u63a7\u7ecf\u6d4e\uff0c\u4e0d\u5916\u4e4e\u300c\u8c03\u6574\u5229\u7387\u300d\u548c\u300c\u8d27\u5e01\u4f9b\u7ed9\u300d\u4e24\u5927\u624b\u6bb5\u3002\u4ece2008\u5e74\u5f00\u59cb\uff0c\u8fd9\u4e9b\u5e94\u8be5\u90fd\u662f\u5927\u5bb6\u5f88\u719f\u6089\u7684\u540d\u8bcd\u4e86\uff0c\u7a76\u7adf\u8054\u51c6\u4f1a\u653e\u9e3d\u8fd8\u662f\u653e\u9e70\uff0c\u5347\u606f\u591a\u5c11\u7801\u548c\u5347\u606f\u901f\u5ea6\uff0c\u90fd\u7275\u52a8\u80a1\u5e02\u3001\u6c47\u5e02\u3001\u5e01\u5e02\u4e0e\u5404\u79cd\u5e02\u573a\u53cd\u5e94\u3002<\/p>\n

\n\t\u7531\u6d45\u81f3\u6df1\uff0c\u5373\u4fbf\u662f\u5168\u7403\u6700\u5177\u6709\u5f71\u54cd\u529b\u7684\u7f8e\u56fd\u653f\u5e9c\uff0c\u53ef\u4ee5\u505a\u5230\u6700\u6781\u7aef\u7684\u5e72\u9884\uff0c\u4e0d\u5916\u4e4e\u4ee5\u4e0b\u56db\u70b9\uff1a<\/p>\n

    \n
  1. \n\t\t\u5411\u5e02\u573a\u6ce8\u5165\u65e0\u9650\u89c4\u6a21\u7684\u8d27\u5e01\u4f9b\u7ed9<\/li>\n
  2. \n\t\t\u57280\u4e0e\u65e0\u9650\u9ad8\u7684\u4e24\u4e2a\u6781\u7aef\u503c\u4e4b\u95f4\uff0c\u968f\u610f\u8c03\u6574\u5229\u7387<\/li>\n
  3. \n\t\t\u76f4\u63a5\u626e\u6f14\u4fe1\u8d37\u548c\u8d44\u4ea7\u5e02\u573a\u4ea4\u6613\u7684\u5e84\u5bb6<\/li>\n
  4. \n\t\t\u65e0\u9650\u4e3e\u503a<\/li>\n<\/ol>\n

    \n\t\u4ee5\u4e0a\uff0c\u6211\u4eec\u5168\u90e8\u5728\u77ed\u77ed\u8fd9\u51e0\u5e74\u5185\u5168\u90e8\u89c1\u8bc1\u5230\u4e86\u3002<\/p>\n

    \n\t\u56e0\u5e942008\u5e74\u91d1\u878d\u5371\u673a\u7684\u4e24\u6b21\u8d27\u5e01\u91cf\u5316\u5bbd\u677e\u653f\u7b56\uff08QE\uff09\u5728\u4e00\u5b9a\u8303\u56f4\u5185\u8fbe\u5230\u6b62\u8840\u6548\u679c\uff0c\u5374\u4e5f\u6253\u5f00\u4e86QE\u8fd9\u4e2a\u5371\u9669\u6b66\u5668\u7684\u6f58\u591a\u62c9\u76d2\u5b50\u3002\u4ece\u672c\u8d28\u800c\u8bba\uff0cQE\u5c31\u662f\u4e3a\u5e02\u573a\u6ce8\u5165\u6d77\u91cf\u7684\u8d27\u5e01\u4f9b\u7ed9\uff0c\u76f4\u63a5\u5c06\u5229\u7387\u964d\u4f4e\u81f3\u8d8b\u8fd1\u4e8e\u96f6\uff0c\u53ea\u8981\u63a7\u5236\u4e0d\u5f53\uff0c\u5f88\u53ef\u80fd\u5f15\u53d1\u6076\u6027\u901a\u81a8\u3002<\/p>\n

    \n\t\u5f88\u5e78\u8fd0\u5730\uff0c\u524d\u4e24\u6b21QE\u7684\u5b9e\u65bd\u4e0d\u4ec5\u8fbe\u5230\u76ee\u7684\uff0c\u4e5f\u672a\u5f15\u7206\u9ad8\u901a\u81a8\uff0c\u672c\u662f\u8be5\u9000\u573a\u6536\u624b\u4e14\u5584\u540e\u7684\u6700\u4f73\u65f6\u673a\uff0c\u53ef\u4ee5\u6e29\u548c\u5730\u56de\u6536\u5e02\u573a\u6cdb\u6ee5\u7684\u8d44\u91d1\uff0c\u8ba9\u5e02\u573a\u56de\u5f52\u5e94\u6709\u673a\u5236\u3002\u5f88\u4e0d\u5e78\u5730\uff0c\u653f\u5e9c\u98df\u9ad3\u77e5\u5473\u53c8\u9002\u9022\u9009\u4e3e\uff0c\u4e24\u6b21QE\u90fd\u6ca1\u6709\u901a\u81a8\u98d9\u9ad8\u53c8\u4e3a\u4ed6\u4eec\u58ee\u80c6\uff0c2012\u5e749\u6708\u786c\u662f\u5b9e\u65bd\u4e86\u81f3\u4eca\u4f9d\u65e7\u4e89\u8bae\u5341\u8db3\u7684\u7b2c\u4e09\u6b21QE\u3002\u4eba\u7b97\u4e0d\u5982\u5929\u7b97\uff0c2019\u5e74\u7206\u53d1\u4e86\u6240\u6709\u4eba\u90fd\u65e0\u66fe\u9884\u60f3\u8fc7\u7684\u65b0\u51a0\u80ba\u708e\u3002<\/p>\n

    \n\t\u65b0\u51a0\u80ba\u708e\u7b49\u767b\u573a\uff0c\u5168\u7403\u7ecf\u6d4e\u77ac\u95f4\u505c\u6446<\/h2>\n

    \n\t\u65b0\u51a0\u80ba\u708e\u8ba9\u7f8e\u56fd\u796d\u51fa\u7684\u7b2c\u4e09\u6b21QE\uff0c\u6ce8\u5b9a\u662f\u573a\u5931\u8d25\u7684\u8c6a\u8d4c\u3002\u539f\u672c\u7f8e\u56fd\u7684\u5982\u610f\u7b97\u76d8\uff0c\u662f\u60f3\u5229\u7528QE\u626d\u8f6c\u9ad8\u5931\u4e1a\u7387\u5e76\u52a0\u901f\u56fd\u5185\u7ecf\u6d4e\u6210\u957f\u3002\u53ea\u8981\u56fd\u9645\u7ecf\u6d4e\u590d\u82cf\uff0c\u91d1\u878d\u5e02\u573a\u5c31\u4f1a\u6d3b\u8dc3\uff0c\u7f8e\u56fd\u7684\u5931\u4e1a\u7387\u5c06\u4f1a\u6709\u6548\u964d\u4f4e\uff0c\u4e00\u5207\u5c31\u4f1a\u6062\u590d\u8363\u666f\u3002<\/p>\n

    \n\t\u6b64\u51b3\u7b56\u5728\u521d\u671f\u4e5f\u786e\u5b9e\u594f\u6548\uff0c\u7f8e\u56fd\u4e5f\u4e00\u5ea6\u5f00\u59cb\u4e3a\u7b2c\u4e09\u6b21QE\u5584\u540e\uff0c\u4f46\u65b0\u51a0\u80ba\u708e\u8ba9\u5168\u7403\u7ecf\u6d4e\u77ac\u95f4\u505c\u6446\uff0c\u4e09\u6b21QE\u7d2f\u79ef\u7684\u4e1a\u969c\uff0c\u72b9\u5982\u6f6e\u6c34\u9000\u53bb\u6765\u4e0d\u53ca\u7a7f\u8863\u670d\uff0c\u53ea\u80fd\u786c\u7740\u5934\u76ae\u5b9e\u65bd\u7b2c\u56db\u6b21QE\uff0c\u907f\u514d\u5168\u9762\u6027\u7684\u7ecf\u6d4e\u5d29\u6e83\u3002<\/p>\n

    \n\tQE\u4ece\u6e29\u548c\u5584\u540e\u53d8\u6210\u6d41\u8840\u65ad\u8155<\/h2>\n

    \n\t\u8fde\u7eed\u56db\u6b21\u7684QE\uff0c\u5bfc\u81f4\u91d1\u878d\u5e02\u573a\u7684\u8d44\u91d1\u4e25\u91cd\u6cdb\u6ee5\uff0c\u5f00\u59cb\u51fa\u73b0\u901a\u81a8\u8ff9\u8c61\uff0c\u82e5\u662f\u4e0d\u6709\u6548\u5730\u56de\u6536\u8d44\u91d1\uff0c\u5c06\u53ef\u80fd\u6f14\u53d8\u6210\u96be\u4ee5\u6536\u62fe\u7684\u6076\u6027\u901a\u81a8\u3002\u8fd9\u4e5f\u662f\u6211\u4eec\u4ece\u300c\u75af\u72c2\u5370\u949e\u300d\u8d70\u5411\u5982\u4eca\u300c\u75af\u72c2\u5347\u606f\u300d\u7684\u5f00\u59cb\u3002<\/p>\n

    \n\t2022\u5e743\u6708\u7f8e\u56fd\u8054\u51c6\u4f1a\u6fc0\u8fdb\u5730\u8fc8\u5f00\u5347\u606f\u6b65\u4f10\uff0c\u540c\u6b65\u5bf9\u5e02\u573a\u91ca\u653e\u300c\u5c06\u65e0\u9650\u5347\u606f\u81f3\u95ee\u9898\u89e3\u51b3\u4e3a\u6b62\u300d\u7684\u8baf\u606f\u3002<\/p>\n

    \n\t\u56de\u987e\u8fc7\u53bb\u4e0d\u5230\u4e00\u5e74\uff0c\u8054\u51c6\u4f1a\u5df2\u5347\u606f8\u6b21\u5171450\u4e2a\u57fa\u70b9\uff0825\u4e2a\u57fa\u70b9\u4e3a\u4e00\u7801\uff09\uff0c\u4e00\u53e3\u6c14\u5c06\u5229\u7387\u7531\u8d8b\u8fd1\u4e8e\u96f6\u62c9\u5230\u63a5\u8fd15%\uff1a<\/p>\n

    \n

    \n\t\t2022-03-17 : \u5347\u606f\u4e00\u7801\uff0c\u81f30.25%\uff5e0.5%
    \n\t\t2022-05-04 : \u5347\u606f\u4e24\u7801\uff0c\u81f30.75%\uff5e1.0%
    \n\t\t2022-06-16 : \u5347\u606f\u4e09\u7801\uff0c\u81f31.50%\uff5e1.75%
    \n\t\t2022-07-28 : \u5347\u606f\u4e09\u7801\uff0c\u81f32.25%\uff5e2.5%
    \n\t\t2022-09-22 : \u5347\u606f\u4e09\u7801\uff0c\u81f33.0%\uff5e3.25%
    \n\t\t2022-11-03 : \u5347\u606f\u4e09\u7801\uff0c\u81f33.75%\uff5e4.0%
    \n\t\t2022-12-15 : \u5347\u606f\u4e24\u7801\uff0c\u81f34.25%\uff5e4.5%
    \n\t\t2023-02-02 : \u5347\u606f\u4e00\u7801\uff0c\u81f34.5%\uff5e4.75%<\/p>\n<\/blockquote>\n

    \n\t\u65e0\u9650\u4e3e\u503a<\/h2>\n

    \n\t\u7f8e\u56fd\u8d22\u653f\u90e8\u7684\u56fd\u503a\u5df2\u4e8e\u4eca\u5e741\u6708\uff0c\u8fbe\u523031.38\u5146\u7684\u6cd5\u5b9a\u4e0a\u9650\uff0c\u76ee\u524d\u56fd\u4f1a\u6b63\u5728\u63a8\u52a8\u300c\u53d6\u6d88\u503a\u52a1\u4e0a\u9650\u300d\uff0c\u5e76\u8b66\u544a\u82e5\u4e0d\u901a\u8fc7\uff0c\u7f8e\u56fd\u5c06\u65e0\u6cd5\u5c65\u884c\u4e49\u52a1\u589e\u52a0\u8fdd\u7ea6\u673a\u7387\u3002<\/p>\n

    \n\t\u800c\u94f6\u884c\u662f\u653f\u5e9c\u6574\u4f53\u91d1\u878d\u548c\u8d27\u5e01\u653f\u7b56\u6700\u91cd\u8981\u7684\u4e00\u73af\uff0c\u4e5f\u76f4\u63a5\u53c2\u4e0e\u4e86\u516c\u503a\u7684\u7ade\u6807\uff0c\u5f53\u7136\u5c31\u5f97\u8d1f\u8d77\u914d\u5408\u65bd\u653f\u7684\u89d2\u8272\u3002<\/p>\n

    \n\t\u4ece\u8fd9\u91cc\u5f00\u59cb\uff0c\u5c31\u662f\u6211\u4eec\u5982\u4eca\u770b\u89c1\u7684Silvergate\u548c\u77fd\u8c37\u94f6\u884c\u7834\u4ea7\u98ce\u6ce2\u3002<\/p>\n

    \n\t\u56fd\u503a\u4e0e\u5347\u606f\uff0c\u5bf9\u5546\u4e1a\u94f6\u884c\u9020\u6210\u5de8\u5927\u538b\u529b<\/h3>\n

    \n\t\u5546\u4e1a\u94f6\u884c\u548c\u6295\u8d44\u94f6\u884c\u4e0d\u540c\uff0c\u5546\u4e1a\u94f6\u884c\u7684\u4e1a\u52a1\u91cd\u5fc3\u662f\u5438\u53d6\u7528\u6237\u5b58\u6b3e\uff0c\u63d0\u4f9b\u5229\u606f\u5e76\u8fd0\u7528\u8d44\u91d1\u53d1\u653e\u8d37\u6b3e\uff0c\u8fd9\u4e5f\u662f\u8d27\u5e01\u5e02\u573a\u7684\u6838\u5fc3\u3002<\/p>\n

    \n\t\u4e5f\u5c31\u662f\u8bf4\uff0c\u5546\u4e1a\u94f6\u884c\u4e3b\u8981\u7684\u5229\u6da6\u662f\u5b58\u6b3e\u548c\u8d37\u6b3e\u4e4b\u95f4\u7684\u300c\u5229\u5dee\u300d\u800c\u975e\u6295\u8d44\u3002\u5728\u8fd9\u6837\u7684\u76c8\u5229\u6a21\u5f0f\u4e0b\uff0c\u5546\u4e1a\u94f6\u884c\u7684\u8d44\u4ea7\u548c\u8d1f\u503a\u4e3b\u8981\u90fd\u662f\u7528\u6237\u5b58\u6b3e\uff0c\u4e3a\u4e86\u56e0\u5e94\u6d3b\u5b58\u7528\u6237\u968f\u65f6\u63d0\u9886\u7684\u9700\u6c42\uff0c\u5fc5\u987b\u4fdd\u6301\u4e00\u5b9a\u6bd4\u4f8b\u7684\u6d41\u52a8\u6027\u8d44\u4ea7\u3002<\/p>\n

    \n\t\u4e00\u822c\u800c\u8a00\uff0c\u5546\u4e1a\u94f6\u884c\u4e0d\u4f1a\u5c06\u6295\u8d44\u90e8\u4f4d\u5927\u91cf\u914d\u7f6e\u4e8e\u957f\u671f\u503a\u5238\u3002\u4f46\u662f\uff0c\u56e0\u4e3a\u8054\u51c6\u4f1aQE\u5bfc\u81f4\u503a\u5238\u5229\u7387\u964d\u4f4e\uff0c\u77ed\u671f\u503a\u5238\u7684\u5229\u7387\u4e0d\u5177\u6709\u5438\u5f15\u529b\uff0c\u5728\u8fd9\u6837\u7684\u60c5\u51b5\u4e0b\uff0c\u957f\u671f\u56fd\u503a\u5177\u6709\u8f83\u597d\u7684\u5229\u7387\uff0c\u5546\u4e1a\u94f6\u884c\u5f00\u59cb\u5c06\u5934\u5bf8\u79fb\u5f80\u957f\u671f\u56fd\u503a\u3002<\/p>\n

    \n\t\u4f46\u662f\uff0c\u5f53\u8054\u51c6\u4f1a\u8fdb\u5165\u5347\u606f\u5faa\u73af\uff0c\u5e02\u573a\u5229\u7387\u4e0a\u5347\uff0c\u503a\u5238\u7684\u4ef7\u683c\u5c31\u4f1a\u4e0b\u8dcc\uff0c\u5b58\u7eed\u671f\u8d8a\u957f\uff0c\u4ef7\u683c\u53d7\u503a\u5238\u6b96\u5229\u7387\u5f71\u54cd\u8d8a\u5927\u3002<\/p>\n

    \n\t\u8054\u51c6\u4f1a\u524d\u6240\u672a\u89c1\u7684\u5347\u606f\u901f\u5ea6\uff0c\u6b63\u5f0f\u5bfc\u81f4Silvergate\u548c\u77fd\u8c37\u94f6\u884c\u4e24\u5927\u94f6\u884c\u9677\u5165\u7834\u4ea7\u5371\u673a\u7684\u4e3b\u56e0\u3002<\/p>\n

    \n\t\u6211\u4eec\u5f53\u7136\u53ef\u4ee5\u8bf4\u8fd9\u4e5f\u662f\u94f6\u884c\u98ce\u63a7\u4e0d\u5f53\uff0c\u4f46\u662f\uff0c\u94f6\u884c\u7684\u6295\u8d44\u548c\u98ce\u63a7\u591a\u662f\u4ee5\u5386\u53f2\u6570\u636e\u4e3a\u5224\u65ad\u4f9d\u636e\uff0c\u8054\u51c6\u4f1a\u7684\u6781\u7aef\u5927\u5bb6\u5e76\u6ca1\u6709\u7ecf\u9a8c\u53ef\u8a00\uff0c\u5224\u65ad\u51fa\u73b0\u504f\u5dee\u5728\u6240\u96be\u514d\uff0c\u66f4\u4f55\u51b5\u8fd9\u6b21\u51fa\u4e8b\u7684\u5e76\u975e\u4fe1\u7528\u8bc4\u7ea7\u4e0e\u8fc7\u5f80\u6210\u7ee9\u6781\u5dee\u7684\u94f6\u884c\uff0c\u800c\u662f\u50cf\u77fd\u8c37\u94f6\u884c\u8fd9\u6837\u7684\u4f20\u7edf\u91d1\u878d\u4f18\u7b49\u751f\u3002<\/p>\n

    \n\tSilvergate\u3001\u77fd\u8c37\u94f6\u884c\u62e5\u6709\u5927\u91cf\u957f\u671f\u503a\u5238\uff0c\u8fdd\u53cd\u5e38\u7406<\/h2>\n

    \n\t\u4eceSilvergate\u7684\u62a5\u544a\u770b\u6765\uff0c\u4ed6\u4eec\u5c06\u9ad8\u8fbe8\u6210\u7684\u5b58\u6b3e\u90fd\u9646\u7eed\u62ff\u53bb\u8d2d\u4e70\u957f\u671f\u503a\u5238\uff0c\u4ee4\u4eba\u60ca\u8bb6\u7684\u662f\uff0c\u7edd\u5927\u90e8\u5206\u8fd8\u662f\u8d85\u8fc710\u5e74\u671f\u7684\u503a\u5238\u3002\u800c\u77fd\u8c37\u94f6\u884c\u73b0\u6709\u7684\u8d44\u6599\u663e\u793a\uff0c\u4ed6\u4eec\u51fa\u552e\u4e86\u6240\u6709\u53ef\u4ee5\u51fa\u552e\u7684\u503a\u5238\uff0c\u4ef7\u503c210\u4ebf\u7f8e\u5143\u4e14\u8ba4\u521718\u4ebf\u7f8e\u5143\u7684\u4e8f\u635f\uff0c\u5927\u90e8\u5206\u662f\u7f8e\u56fd\u56fd\u503a\u3002<\/p>\n

    \n\t\u5e73\u5fc3\u800c\u8bba\uff0c\u8fd9\u662f\u6709\u8fdd\u5e38\u7406\u7684\uff0c\u5c24\u5176\u662fSilvergate\u7684\u60b2\u5267\uff0c\u4efb\u4f55\u6709\u4e00\u70b9\u5e38\u8bc6\u7684\u4e13\u4e1a\u94f6\u884c\u5bb6\u90fd\u4e0d\u53ef\u80fd\u6709\u8fd9\u6837\u7684\u64cd\u4f5c\uff0c\u66f4\u9051\u8bbaSilvergate\u672c\u8d28\u4e0a\u5e76\u4e0d\u662f\u95f4\u5927\u80c6\u7684\u94f6\u884c\u3002<\/p>\n

    \n\t\u4e5f\u56e0\u4e3a\u7f8e\u56fd\u516c\u503a\u53ef\u4ee5\u7528\u6301\u6709\u81f3\u5230\u671f\u7684\u65b9\u5f0f\uff08Hold to Maturity\uff0cHTM\uff09\u7684\u65b9\u5f0f\u8ba4\u5217\uff0c\u5e76\u4e0d\u7528\u5728\u6bcf\u5b63\u8d22\u62a5\u4e0a\u4ee5\u5e02\u503c\u8ba4\u5217\u635f\u5931\u3002\u56e0\u6b64\uff0c\u5728Silvergate\u7684\u7b56\u7565\u4e2d\uff0c\u53ea\u8981\u80fd\u786e\u4fdd\u7528\u6237\u7684\u63d0\u9886\u548c\u8f6c\u5e10\u987a\u7545\u8fd0\u884c\uff0c\u4e5f\u5c31\u662f\u505a\u597d\u6d41\u52a8\u6027\u7ba1\u7406\uff0c\u5c31\u80fd\u900f\u8fc7\u957f\u503a\u83b7\u5f97\u8f83\u9ad8\u7684\u62a5\u916c\u3002<\/p>\n

    \n\t\u7136\u800c\uff0c\u8fd9\u4e2a\u5982\u610f\u7b97\u76d8\u88ab\u75af\u72c2\u5347\u606f\u7ed9\u538b\u57ae\u4e86\uff0c\u56e0\u4e3a\u5347\u606f\u5bf9\u4f01\u4e1a\u6237\u9020\u6210\u538b\u529b\uff0c\u7528\u6237\u5b58\u6b3e\u7684\u6d41\u52a8\u6027\u53d8\u9ad8\uff0c\u653e\u51fa\u53bb\u7684\u8d37\u6b3e\u8fdd\u7ea6\u7387\u4e5f\u4e0a\u5347\uff0c\u4e00\u8fde\u4e32\u7684\u6253\u51fb\u903c\u5f97Silvergate\u5fc5\u987b\u5c06\u8fd9\u4e9bHTM\u7684\u503a\u5238\uff0c\u4ee5\u5e02\u4ef7\u53d8\u73b0\u507f\u8fd8\uff0c\u77ac\u95f4\u88ab\u8feb\u8ba4\u5217\u4e8f\u635f\uff0c\u5230\u6700\u540e\u65e0\u6cd5\u5982\u5176\u4ea7\u51fa\u8d22\u62a5\uff0c\u56e0\u4e3a\u5e10\u4e0a\u4e8f\u635f\u5df2\u7ecf\u7d2f\u79ef\u5230\u4e0d\u5f97\u4e0d\u5ba3\u5e03\u6e05\u7b97\u5012\u95ed\u3002<\/p>\n

    \n\t\u8fd9\u4e00\u5207\uff0c\u662f\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u5bb3\u7684\u5417\uff1f<\/h2>\n

    \n\t\u4ece\u524d\u9762\u7684\u8bba\u8ff0\uff0c\u5927\u5bb6\u5e94\u8be5\u90fd\u5fc3\u77e5\u809a\u660e\uff0cSilvergate\u548c\u77fd\u8c37\u94f6\u884c\u7684\u5371\u673a\uff0c\u548c\u52a0\u5bc6\u8d27\u5e01\u5e76\u65e0\u76f4\u63a5\u5173\u7cfb\uff0c\u751a\u81f3\u5e94\u8be5\u8bf4\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u548c\u8bb8\u591a\u5176\u4ed6\u628a\u94b1\u5b58\u5728\u8fd9\u4e24\u5bb6\u94f6\u884c\u7684\u4f01\u4e1a\u4e0e\u4e2a\u4eba\u6237\u4e00\u6837\uff0c\u90fd\u662f\u53d7\u5bb3\u8005\u3002<\/p>\n

    \n\t\u5c3d\u7ba1\u5148\u524d\u5168\u7403\u7b2c\u4e8c\u5927\u7684\u4ea4\u6613\u6240FTX\u5012\u95ed\uff0c\u9020\u6210\u8bb8\u591a\u4eba\u6050\u614c\u629b\u552e\u52a0\u5bc6\u8d27\u5e01\uff0c\u751a\u81f3\u4e00\u76f4\u5c06\u7a33\u5b9a\u5e01\u6362\u56de\u7f8e\u91d1\uff0c\u95f4\u63a5\u5bf9\u94f6\u884c\u9020\u6210\u6324\u5151\u73b0\u8c61\uff0c\u4f46\u8fd9\u662f\u94f6\u884c\u627f\u63a5\u76f8\u5173\u4e1a\u52a1\u65f6\uff0c\u5df2\u77e5\u7684\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u7279\u6027\u3002\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u5728\u5e02\u573a\u7a33\u5b9a\u65f6\uff0c\u4e5f\u4e3a\u8fd9\u4e9b\u94f6\u884c\u521b\u9020\u4e86\u6700\u7a33\u5b9a\u7684\u5b58\u6b3e\u6765\u6e90\uff0c\u8bb8\u591a\u751a\u81f3\u8fd8\u9700\u53e6\u5916\u652f\u4ed8\u94f6\u884c\u9ad8\u989d\u7684\u7ba1\u7406\u8d39\u7528\u3002<\/p>\n

    \n\t\u5f88\u53ef\u60dc\u7684\u662f\uff0c\u7206\u53d1\u8fd9\u6837\u7684\u5371\u673a\u65f6\uff0c\u8bb8\u591a\u8206\u8bba\u90fd\u5c06\u5371\u673a\u6e90\u5934\u6307\u5411\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u3002<\/p>\n

    \n\t\u4e00\u6765\u662f\u5bf92008\u5e74\u4ee5\u6765\u7684\u5168\u7403\u91d1\u878d\u53d8\u5316\u6ca1\u6709\u592a\u591a\u4e86\u89e3\uff0c\u4e8c\u6765\u4e5f\u662f\u5bf9\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u7684\u8bef\u89e3\u4e0e\u504f\u89c1\u3002\u8fd9\u6b21\u5371\u673a\uff0cUSDC\u53d1\u884c\u5546Circle\u56e0\u4e3a\u662f\u77fd\u8c37\u94f6\u884c\u7684\u5b58\u6237\u4e4b\u4e00\uff0c\u5c31\u9762\u5bf9\u4e86\u5de8\u5927\u7684\u5e02\u573a\u6324\u5151\u538b\u529b\uff0c\u4f46\u662fUSDC\u8fc7\u53bb\u4e00\u5468\u7684\u4e0d\u7a33\u5b9a\uff0c\u5b9e\u9645\u4e0a\u662f\u56e0\u4e3a\u94f6\u884c\u7684\u95ee\u9898\u6240\u5bfc\u81f4\u3002<\/p>\n

    \n\t\u53e6\u4e00\u65b9\u9762\uff0cSilvergate\u4e00\u6e05\u7b97\uff0c\u5c31\u6709\u8bb8\u591a\u4eba\u7acb\u523b\u4e3a\u5b83\u51a0\u4e0a\u300c\u52a0\u5bc6\u8d27\u5e01\u94f6\u884c\u300d\u7684\u540d\u79f0\uff0c\u8fd9\u4e0d\u53ea\u662f\u5bf9\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u4e0d\u516c\u5e73\uff0c\u66f4\u5bb9\u6613\u5bf9\u8fd9\u573a\u4ecd\u5728\u8513\u5ef6\u7684\u91d1\u878d\u5371\u673a\u4ea7\u751f\u8bef\u5224\u3002<\/p>\n

    \n\t\u73b0\u5728\uff0c\u52a0\u5bc6\u8d27\u5e01\u4ea7\u4e1a\u53ef\u4ee5\u505a\u4ec0\u4e48\uff1f<\/h2>\n

    \n\t\u5355\u7eaf\u4ee5\u5b8f\u89c2\u7684\u89d2\u5ea6\uff0c\u6211\u5e0c\u671b\u547c\u5401\u5927\u5bb6\u4e0d\u8981FUD\uff08Fear\u3001Uncertainty\u3001Doubt\uff0c\u4e5f\u5c31\u662f\u6050\u60e7\u3001\u7591\u60d1\u3001\u6000\u7591\uff09\uff0c\u56e0\u4e3a\u6211\u4eec\u5f88\u6e05\u695a\u5730\u77e5\u9053\uff0c\u8fd9\u573a\u5371\u673a\u6765\u81ea\u4f20\u7edf\u91d1\u878d\uff0c\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u662f\u906d\u5230\u6ce2\u53ca\uff0c\u4f46\u56e0\u4e3a\u6211\u4eec\u4e5f\u662f\u5168\u7403\u7ecf\u6d4e\u4e0e\u91d1\u878d\u7684\u4e00\u73af\uff0c\u4e0d\u53ef\u80fd\u5b8c\u5168\u9694\u7edd\u5728\u5916\u3002<\/p>\n

    \n\t\u5982\u679c\u4f60\u4e3a\u4e86\u907f\u9669\u6216\u56e0\u4e3a\u6050\u60e7\uff0c\u60f3\u8981\u629b\u6389\u624b\u8fb9\u7684\u7a33\u5b9a\u5e01USDT\u548cUSDC\uff0c\u5728\u6761\u4ef6\u8bb8\u53ef\u7684\u524d\u63d0\u4e0b\uff0c\u53ef\u4ee5\u5c06USDT\u548cUSDC\u6362\u6210\u6bd4\u7279\u5e01\u6216\u4ee5\u592a\u5e01\u7b49\u4e3b\u6d41\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u8fd9\u53ef\u4ee5\u964d\u4f4eCircle\u548cTether\u4e24\u5bb6\u7a33\u5b9a\u5e01\u53d1\u884c\u5546\u5904\u7406\u8d4e\u56de\u7684\u538b\u529b\uff0c\u4e0d\u7136\u4e5f\u4f1a\u8feb\u4f7f\u4ed6\u4eec\u53bb\u77ac\u95f4\u6324\u5151\u94f6\u884c\u3002<\/p>\n

    \n\t\u5982\u540c\u6211\u5728\u4e00\u5f00\u5934\u5c31\u63d0\u5230\u7684\uff0c\u6211\u76f8\u4fe1\u6709\u5f88\u591a\u5546\u4e1a\u94f6\u884c\u90fd\u6b63\u5728\u9762\u4e34\u4e00\u5b9a\u7a0b\u5ea6\u7684\u56f0\u96be\uff0c\u6211\u5f88\u4e0d\u5e0c\u671b\u770b\u5230\u7684\u662f\u4ee4\u4eba\u60ca\u5fc3\u52a8\u9b44\u7684\u94f6\u884c\u8fde\u73af\u7206\u3002<\/p>\n

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