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硅谷101

A Silicon Valley vantage point on global technology and business, with sustained coverage of AI, chips, startups, capital markets, and industrial change.

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84 EPISODESZHTRACKED SHOW
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硅谷101ZH · 90 min

E182|影子美元与金融新秩序:起底全球人均最赚钱的公司Tether

泓君刘锋杨民道

Tether以近乎零成本的用户资金配置美债,2024年净利润137亿美元、USDT占稳定币市场约70%,流动性构成核心护城河。其透明度和储备结构虽已改善,降息后收益下降、非美债资产风险及银行发行稳定币都可能重写竞争格局。