Cardano上线USDCx稳定币基础设施，TVL走低下流动性逆势扩张

GateNews

Project Progress Partnerships & Ecosystem On-Chain Data

2026-02-28 06:36:54

ADA5,23%

ETH8,59%

DEFI4,56%

2月28日消息，Cardano宣布部署USDCx稳定币框架，与Circle合作接入xReserve体系，实现1:1铸造与赎回机制。该举措显著提升Cardano链上美元计价流动性，即便当前总锁定价值（TVL）仍处于低位区间。

USDCx并非原生USDC，而是通过桥接机制与Circle储备挂钩的代币。用户可通过以太坊跨链铸造或销毁USDCx完成赎回，并将流动性导入去中心化交易应用。首批已完成实时集成的平台包括Minswap、Liqwid与SundaeSwap，为“Cardano稳定币流动性增长”“USDCx跨链铸造机制”提供落地场景。

链上数据显示，截至目前，Cardano稳定币市值约3400万美元，而TVL约为1.37亿美元。稳定币规模上行与DeFi活跃度低迷形成对比，DEX交易量与网络手续费仍处低位，说明资金更多以保守的美元资产形式停留，尚未大规模进入借贷或杠杆策略。

业内分析认为，此次优先建设“合规稳定币基础设施”，有助于为支付、资金管理及机构级DeFi应用铺路。历史上，稳定币深度不足曾限制Cardano承载美元计价贷款与现实世界资产实验的能力。如今在“Cardano DeFi生态复苏路径”“USDCx如何提升链上结算效率”等议题下，网络选择先完善底层流动性，而非追逐短期收益。未来TVL能否回升，将取决于稳定币资金是否转化为实际链上需求。

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.