稳定币是一种加密货币，它的价值通常与某种稳定资产（如法币、黄金或其他商品）挂钩。与其他加密货币相比，稳定币的价格比较稳定，因此得名“稳定币”。
is an encrypted currency, the value of which is usually tied to a stable asset (e.g. French currency, gold or other merchandise) . has a more stable price of a stable currency compared to other encrypted currencies and is therefore named “ &rdquao; .
这种加密货币旨在提供一种比其他加密货币更稳定的交易和储存价值的方式。稳定币的发行机构通常会将它们支持的稳定资产存放在银行账户中，以便随时兑换。
This encrypted currency is intended to provide a more stable way of trading and storing value than other encrypted currencies.
当用户购买稳定币时，发行机构会将用户的资金保留在银行账户中，以确保稳定币的价值与其支持的稳定资产相匹配。
When a user purchases a stable currency, the issuing agency retains the funds of the user in the bank account to ensure that the value of the stable currency matches the stable assets it supports.
稳定币在加密货币市场中扮演着重要角色，它们可以用作交易中的中间货币，也可以用作保值工具。
Stable currencies play an important role in the crypto-currency market, and they can be used as intermediate currencies in transactions or as a value-serving tool.
「加密货币」(亦称作虚拟资产或加密资产)并非法定货币，在香港一般不获接纳为付款方式。
The term "encrypted currency" (also known as virtual or encrypted assets) is not a legal currency and is not generally accepted as a form of payment in Hong Kong.
虚拟资产价格经常大幅波动，但有一种称作「稳定币」 (Stablecoin) 的「加密货币 」，声称设有机制将其价格稳定至某一水平。在虚拟资产世界里，稳定币一般用作交易媒体、避险及赚取回报等用途。
Virtual asset prices are often highly volatile, but there is an "encrypted currency" called "Stablecoin" that claims to have mechanisms to stabilize its prices to a certain level. In the virtual asset world, stable currency is generally used for trade media, risk avoidance, and returns.
「稳定币」这名称或能给予投资者/持有人信心，但当中其实涉及不同的风险。若稳定币的稳定机制没法有效维持币价，导致市场或持有人对该稳定币失去信心，币价可能在短时间内大幅下跌，「稳定币」并不一定像它的名字那样稳定。
The term “stable currency” may give investors/owners confidence, but there are different risks involved. If the stability mechanism does not effectively maintain the currency’s value, the market or the holder may lose confidence in it, the price may fall significantly in a short period of time, and the “stable currency” may not necessarily be as stable as its name.
现时市场上有不同的稳定币，而按它们的稳定机制，大致可分为两类 :
There are different stable currencies in the current market and, according to their stabilization mechanisms, there are broadly two categories:
以资产作支持的稳定币
支持资产可以是法定货币 (例如美元)、商品 (例如黄金) 或其他金融资产 (例如债券)。以部份标榜以美元作支持资产的稳定币为例，为确保一枚稳定币的价值等如一美元，稳定币的发行机构对外宣称每发行一枚稳定币，便会同时持有一美元或等值的资产作支持。若发行一亿枚稳定币，那么发行机构理论上便需有一亿美元等值的资产作储备。
Supporting assets can be legal currencies (e.g., United States dollars), commodities (e.g., gold) or other financial assets (e.g., bonds). To ensure that the value of a stable currency is equal to one dollar, the issuing agencies declare that each stable currency is supported by a dollar or its equivalent.
算法稳定币
算法稳定币一般通过演算法调节稳定币供应，以维持价格稳定。当稳定币价格低于目标水平时，一定比例的稳定币会被销毁，从而减少供应使价格回升，直至重返目标价格。反之，当稳定币价格高于目标水平时，相关机制会令稳定币供应增加，从而使价格下降。
Arithmetic stabilization of the currency generally regulates the stabilization of the supply of the currency through algorithms to maintain price stability. When the price of the stable currency is below the target level, a percentage of the price of the stable currency is destroyed, thereby reducing the supply and returning the price to the target price. Conversely, when the price of the stable currency is above the target level, the mechanism will lead to an increase in the supply of the stable currency, thereby lowering the price.
稳定币是否稳定主要取决于其稳定机制，所以有关机制是否有效及可信至关重要。若稳定币以资产作支持，那么其背后有没有足够的资产、这些资产是否被妥善保管、会否被挪用、发行机构所披露的财务资料是否真确等，都是必须考虑的问题。而目前市值最大的稳定币「泰达币」(Tether，USDT)，过去就曾多次被质疑没有足够的支持资产、财务资料不透明及没有专业第三方审核背后的支持资产等问题。
The stability of a stable currency depends largely on its stability mechanism, and it is therefore essential that it be effective and credible. If it is supported by assets, the lack of sufficient assets behind it, their safe keeping, their misappropriation, and the accuracy of financial information disclosed by the issuing agency are all issues that must be taken into account.
算法稳定币方面，虽然一般透过演算法调整供应，但也需要市场对稳定币有足够需求才能达到稳定币价的效果。若市场出现大量稳定币卖盘，该币的稳定机制未必可以发挥功效，更可能成为狙击对象。狙击稳定币的人可能通过不同方法令稳定币脱钩，从中获利。曾经是第三大稳定币的「Terra UST」算法稳定币，最近就出现脱钩及崩盘情况，币价在短短数天内暴跌近90%。
Arithmetic stabilization of the currency, although generally adjusted by algorithms, also requires that the market have sufficient demand for a stable currency to be able to achieve a stable currency. If there is a large amount of stable currency sales in the market, the stability mechanism of the currency may not be effective and more likely to be the target of a sniper.
一如其他虚拟资产，稳定币目前仍不受监管，没有营运规管及披露要求，所以有些稳定币的稳定机制并不透明。若稳定币币价大跌，或发行机构管理不善、甚至欺诈或倒闭，稳定币的投资者/持有者可能难以追讨损失。
As in the case of other virtual assets, stable currencies are still unregulated and there are no operating regulations and disclosure requirements, so some stabilization mechanisms are not transparent. Investors/owners of stable currencies may find it difficult to recover their losses if the price of stable currencies falls sharply, or if the issuer mismanaged, or even fraudulently or collapses.
有些虚拟资产平台或应用程式以高回报吸引投资者投入稳定币作借贷或质押 (staking)，即所谓「收息」，例如存入「Terra UST」的年回报率可高达20%。但世上没有高回报低风险的投资，潜在回报愈高，风险也愈高。除以上谈及稳定币的风险外，这些虚拟资产平台或应用程式亦可能不受监管，一旦倒闭或出现其他问题，存放在内的资产可能全部损失。投资者另应注意，若该等平台与香港并无任何连系，香港的监管及执法机构对它们未必有监管权力。如有争议，投资者相当可能难以提出申索，亦可能无法循法律途径获取赔偿。
Some virtual asset platforms or applications attract investors into stable currency lending or pledge (staking) with high returns, i.e. a so-called "collecting" rate of return, such as that deposited in Terra UST, can be as high as 20% annually. But there are no high-return low-risk investments in the world, with higher potential returns and higher risks. In addition to the risks of currency stabilization mentioned above, these virtual asset platforms or applications may not be regulated, and all assets, including deposits, may be lost in the event of collapse or other problems.
虚拟资产市场快速演变，不时有新产品出现，当中可能涉及复杂的运作，及隐藏不同的风险。虚拟资产是高风险的产品，不是每个人都适合参与。投资者必须做足功课，彻底了解产品的特性及风险，以及考虑自己投资目标及风险承受能力，切忌只着眼回报而忽略风险。
Virtual assets are high-risk products, and not everyone is fit to participate. Investors must do their homework, understand the characteristics and risks of their products thoroughly, and consider their investment objectives and risk tolerance, with an eye to return rather than to risk.
以上就是什么是稳定币?币圈常见的稳定币有哪些?的详细内容，更多关于数字货币稳定币的资料请关注脚本之家其它相关文章！
What is a stable currency? What is a stable currency that is common in the currency ring?
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