{"id":1832,"date":"2025-08-13T19:41:44","date_gmt":"2025-08-13T11:41:44","guid":{"rendered":"https:\/\/www.yixiangtian.com\/?p=1832"},"modified":"2025-08-13T19:41:44","modified_gmt":"2025-08-13T11:41:44","slug":"mica-%e8%83%bd%e5%90%a6%e6%8e%a8%e5%8a%a8%e6%ac%a7%e5%85%83%e7%a8%b3%e5%ae%9a%e5%b8%81%e7%9a%84%e5%a4%8d%e5%85%b4%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/www.yunsiwang.com\/?p=1832","title":{"rendered":"MiCA \u80fd\u5426\u63a8\u52a8\u6b27\u5143\u7a33\u5b9a\u5e01\u7684\u590d\u5174\uff1f"},"content":{"rendered":"<h1 class=\"art_tit\">MiCA \u80fd\u5426\u63a8\u52a8\u6b27\u5143\u7a33\u5b9a\u5e01\u7684\u590d\u5174\uff1f<\/h1>\n<div class=\"content_text\">\n<p>\u4f5c\u8005\uff1aMacauley Peterson\uff0cBlockworks\uff1b\u7f16\u8bd1\uff1a\u767d\u6c34\uff0c\u91d1\u8272\u8d22\u7ecf<\/p>\n<p><span><strong>\u622a\u81f3 2024 \u5e74 12 \u6708 30 \u65e5\uff0cMiCA \u6b63\u5f0f\u751f\u6548\uff0c\u6807\u5fd7\u7740\u6b27\u76df\u5bf9\u52a0\u5bc6\u8d44\u4ea7\u7684\u6001\u5ea6\u51fa\u73b0\u8f6c\u6298\u70b9\u3002<\/strong><\/span><\/p>\n<p>\u5c3d\u7ba1\u6b27\u5143\u5728 TradFi \u4e2d\u5360\u636e\u91cd\u8981\u5730\u4f4d\u2014\u2014\u5360\u5168\u7403\u5916\u6c47\u50a8\u5907\u3001SWIFT \u4ea4\u6613\u548c\u8d38\u6613\u6d41\u91cf\u7684 20-30%\u2014\u2014\u4f46\u5b83\u5728\u5168\u7403\u7a33\u5b9a\u5e01\u6d41\u901a\u91cf\u4e2d\u6240\u5360\u6bd4\u4f8b\u4e0d\u5230 0.5%\u3002<\/p>\n<p>\u884c\u4e1a\u4e13\u5bb6\u3001Circle \u6b27\u76df\u653f\u7b56\u8d1f\u8d23\u4eba Patrick Hansen \u9884\u8ba1\u8fd9\u79cd\u60c5\u51b5\u4f1a\u6539\u53d8\u3002\u4ed6\u5f3a\u8c03\u4e86 MiCA \u4f5c\u4e3a\u201c\u5168\u7403\u6700\u5168\u9762\u7684\u52a0\u5bc6\u8d44\u4ea7\u76d1\u7ba1\u6846\u67b6\u201d\u7684\u91cd\u8981\u6027\u3002<\/p>\n<p><span><strong>\u201c\u6b27\u76df\u6709\u72ec\u7279\u7684\u673a\u4f1a\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u52a0\u5bc6\u521b\u65b0\u7684\u5168\u7403\u4e2d\u5fc3\uff0c\u201d<\/strong><\/span>Hansen \u6307\u51fa\u3002<\/p>\n<h2>\u6b27\u5143\u5728\u7a33\u5b9a\u5e01\u65b9\u9762\u843d\u540e\u7684\u539f\u56e0<\/h2>\n<p>Hansen \u5c06\u94fe\u4e0a\u6b27\u5143\u4e0e\u7f8e\u5143\u4e4b\u95f4\u7684\u5dee\u5f02\u5f52\u56e0\u4e8e\u4ee5\u4e0b\u51e0\u4e2a\u56e0\u7d20\uff1a<\/p>\n<p><strong>1. \u7f8e\u5143\u4e3b\u5bfc\u7684\u6d41\u52a8\u6027\uff1a<\/strong>\u201c\u56f4\u7ed5\u7f8e\u5143\u7a33\u5b9a\u5e01\u4ea7\u751f\u7684\u7f51\u7edc\u6548\u5e94\u662f\u6b27\u5143\u7a33\u5b9a\u5e01\u65e0\u6cd5\u8d76\u4e0a\u7684\u3002\u4e0e\u5168\u7403\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u4e92\u52a8\u7684\u6b27\u6d32\u7528\u6237\u4f1a\u9009\u62e9\u6700\u4fbf\u5b9c\u3001\u6d41\u52a8\u6027\u6700\u5f3a\u7684\u8d27\u5e01\u3002\u201d<\/p>\n<p><strong>2. \u5386\u53f2\u8d1f\u5229\u7387\uff1a<\/strong>\u201c\u957f\u671f\u4ee5\u6765\uff0c\u5728\u6b27\u5143\u533a\uff0c\u8d1f\u5229\u7387\u4f7f\u7a33\u5b9a\u5e01\u7684\u5546\u4e1a\u6a21\u5f0f\u53d7\u5230\u8d28\u7591\u3002\u201d<\/p>\n<p><strong>3. \u76d1\u7ba1\u4e0d\u786e\u5b9a\u6027\uff1a<\/strong>\u5728 MiCA \u4e4b\u524d\uff0c\u6b27\u5143\u7a33\u5b9a\u5e01\u7f3a\u4e4f\u4e13\u95e8\u7684\u76d1\u7ba1\u6846\u67b6\uff0c\u963b\u788d\u4e86\u673a\u6784\u53c2\u4e0e\u8005\u7684\u53d1\u5c55\u3002<\/p>\n<p>MiCA \u901a\u8fc7\u4e3a\u7a33\u5b9a\u5e01\u521b\u5efa\u6e05\u6670\u7684\u6846\u67b6\u6765\u89e3\u51b3\u7b2c\u4e09\u70b9\u3002Hansen \u6307\u51fa\uff0c<span><strong>\u8be5\u6cd5\u6848\u7684\u751f\u6548\u5df2\u7ecf\u5f15\u8d77\u4e86\u673a\u6784\u7684\u5174\u8da3\uff0c\u6b27\u6d32\u5404\u5927\u94f6\u884c\u548c\u5176\u4ed6\u53c2\u4e0e\u8005\u6b63\u5728\u63a2\u7d22\u6216\u63a8\u51fa\u6b27\u5143\u7a33\u5b9a\u5e01\u4ea7\u54c1\u3002<\/strong><\/span>\u4ed6\u5f3a\u8c03 Circle \u5728\u7b26\u5408 MiCA \u7684\u6761\u4ef6\u4e0b\u63a8\u51fa\u4e86 EURC\uff0c\u5176\u50a8\u5907\u5b8c\u5168\u7531\u6cd5\u56fd\u76d1\u7ba1\u7684\u5b9e\u4f53\u7ba1\u7406\uff0c\u5e76\u6307\u51fa\u201c\u6211\u4eec\u770b\u5230 EURC \u4f9b\u5e94\u91cf\u589e\u957f\u4e86 60-70%\uff0c\u8fd9\u5f97\u76ca\u4e8e\u591a\u4e2a\u533a\u5757\u94fe\u4e0a\u7684\u63a8\u51fa\u3002\u201d<\/p>\n<p><span><strong>MiCA \u8981\u6c42\u7a33\u5b9a\u5e01\u53d1\u884c\u4eba\u6301\u6709\u7684\u50a8\u5907\u4e0e\u6b27\u76df\u6d41\u901a\u7684\u4ee3\u5e01\u6210\u6bd4\u4f8b\u3002<\/strong><\/span>Hansen \u89e3\u91ca\u8bf4\uff0cCircle \u4f7f\u7528\u201c\u52a8\u6001\u518d\u5e73\u8861\u201d\u6a21\u578b\u6765\u9075\u5b88\u89c4\u5b9a\u3002<\/p>\n<p>\u201c\u5982\u679c\u6211\u4eec\u770b\u5230\u6b27\u76df\u6301\u6709\u7684 USDC \u6570\u91cf\u589e\u52a0\uff0c\u6211\u4eec\u5c31\u4f1a\u76f8\u5e94\u589e\u52a0\u6b27\u6d32\u50a8\u5907\uff0c\u201d\u4ed6\u8bf4\u3002<\/p>\n<h2>\u878d\u5408\u94fe\u4e0a\u6b27\u5143\u7528\u4f8b<\/h2>\n<p><span><strong>Hansen \u8ba4\u4e3a\u6b27\u5143\u7a33\u5b9a\u5e01\u7684\u91c7\u7528\u6709\u4e24\u4e2a\u4e3b\u8981\u9a71\u52a8\u56e0\u7d20\uff1a\u53d7\u76d1\u7ba1\u7684\u52a0\u5bc6\u8d44\u672c\u5e02\u573a\u548c\u7a33\u5b9a\u5e01\u7684\u5b9e\u9645\u5e94\u7528\u3002<\/strong><\/span><\/p>\n<p><span><strong>\u201c\u53ea\u6709\u6839\u636e\u6b27\u76df\u89c4\u5219\u6388\u6743\u7684\u7a33\u5b9a\u5e01\u6700\u7ec8\u624d\u4f1a\u5728\u53d7\u76d1\u7ba1\u7684\u52a0\u5bc6\u5e02\u573a\u4e2d\u7528\u4f5c\u4ea4\u6613\u5bf9\uff0c\u201d<\/strong><\/span>Hansen \u8868\u793a\u3002\u201c\u6211\u4e0d\u4f1a\u5bf9\u8fd9\u4e00\u9886\u57df\u7684\u663e\u8457\u589e\u957f\u611f\u5230\u60ca\u8bb6\u3002\u201d<\/p>\n<p>\u8fd9\u4e00\u53d8\u5316\u4fc3\u4f7f\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240\u5c06 USDT \u4ece\u6b27\u76df\u5ba2\u6237\u7684\u4ea4\u6613\u5bf9\u4e2d\u4e0b\u67b6\u3002<\/p>\n<p>Hansen \u8868\u793a\uff0c\u8de8\u5883\u652f\u4ed8\u548c\u4ee3\u5e01\u5316\u91d1\u878d\u5de5\u5177\u7b49\u4f01\u4e1a\u7528\u4f8b\u6b63\u5728\u83b7\u5f97\u5173\u6ce8\u3002\u201c\u6b27\u5143\u533a\u7684\u4f01\u4e1a\u4f9b\u5e94\u5546\u5fc5\u7136\u4f1a\u8981\u6c42\u4ee5\u6b27\u5143\u8ba1\u4ef7\u7684\u8d44\u4ea7\u8fdb\u884c\u98ce\u9669\u7ba1\u7406\uff0c\u201d\u4ed6\u8bf4\u3002<\/p>\n<p>\u7136\u800c\uff0c\u867d\u7136 MiCA \u63d0\u4f9b\u4e86\u575a\u5b9e\u7684\u57fa\u7840\uff0c\u4f46 Hansen \u8b66\u544a\u8bf4\uff0c\u5b83\u53ea\u662f\u201c1.0 \u7248\u201d\uff0c\u5fc5\u987b\u4e0d\u65ad\u53d1\u5c55\u4ee5\u5e94\u5bf9\u65b0\u51fa\u73b0\u7684\u6311\u6218\u3002\u4ed6\u8fd8\u8b66\u544a\u8bf4\uff0c\u6b27\u76df\u7684\u65c5\u884c\u89c4\u5219 (TFR) \u8981\u6c42\u5bf9\u67d0\u4e9b\u4ea4\u6613\u8fdb\u884c\u989d\u5916\u7684\u7528\u6237\u9a8c\u8bc1\uff0c\u8fd9\u53ef\u80fd\u4f1a\u9020\u6210\u6469\u64e6\u2014\u2014\u5c24\u5176\u662f\u5bf9\u4e8e\u81ea\u6258\u7ba1\u94b1\u5305\u800c\u8a00\u3002<\/p>\n<p><span><strong>\u6700\u7ec8\uff0cMiCA \u7684\u6210\u529f\u5c06\u53d6\u51b3\u4e8e\u5b83\u80fd\u5426\u5728\u4fc3\u8fdb\u521b\u65b0\u4e0e\u4fdd\u62a4\u6d88\u8d39\u8005\u548c\u521b\u9020\u6709\u7ade\u4e89\u529b\u7684\u672c\u5730\u5e02\u573a\u4e4b\u95f4\u53d6\u5f97\u5e73\u8861\u3002<\/strong><\/span><\/p>\n<p>\u6b63\u5982 Hansen \u6240\u8bf4\uff0c\u201c\u53ea\u6709\u65f6\u95f4\uff08\u548c\u5e02\u573a\uff09\u624d\u80fd\u8bc1\u660e MiCA \u80fd\u5426\u5b9e\u73b0\u5176\u76ee\u6807\u3002\u201d<\/p>\n<\/div>\n<div id=\"project-details\" data-v-9516d980>\n<div class=\"project-details\" data-v-9516d980>\n<div class=\"project-details-l\" data-v-9516d980><img alt class=\"project-details-l-img\" data-v-9516d980><\/div>\n<div class=\"project-details-connent\" data-v-9516d980>\n<div class=\"project-data\" data-v-9516d980>\n<h3 class=\"project-data-name\" data-v-9516d980><\/h3>\n<p class=\"project-data-description\" data-v-9516d980>\n<\/div>\n<div class=\"to-view-more\" data-v-9516d980>\u67e5\u770b\u66f4\u591a<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p> <!--&gt;--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MiCA \u80fd\u5426\u63a8\u52a8\u6b27\u5143\u7a33\u5b9a\u5e01\u7684\u590d\u5174\uff1f \u4f5c\u8005\uff1aMacauley Peterson\uff0cBlockworks\uff1b\u7f16\u8bd1\uff1a\u767d [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1832","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1832"}],"version-history":[{"count":1,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1832\/revisions"}],"predecessor-version":[{"id":3556,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=\/wp\/v2\/posts\/1832\/revisions\/3556"}],"wp:attachment":[{"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.yunsiwang.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}