分析:应禁止稳定币支付利息,否则将损害效率与稳定性

金色财经
Aug 19, 2025

【分析:应禁止稳定币支付利息,否则将损害效率与稳定性】金色财经报道,瑞士苏黎世联邦理工大学(ETH)经济研究所(KOF)的汉斯·格尔斯巴赫等学者,在18日开幕的**世界经济学家大会(ESWC)**上以“具有传染性的稳定币?”为主题发表演讲时表示: “在多个发行方竞争的环境下,如果某一发行方开始支付利息,那么其他发行方也无法不跟进。这将导致(稳定币)体系整体的低效与不稳定。” 他们补充说:“这种稳定币的利息支付机制具有传染性,最终可能引发一系列问题。因此,通过监管禁止利息支付,是维持高效稳定币市场的核心措施。” 学者们还指出,在所谓的“稳定币二级市场”中,如果投资者不直接向发行方赎回,而是通过市场交易进行流通,一旦调整失败,也会引发恐慌,因此同样需要监管。

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