Ripple 適應監管挑戰：美國 ODL 服務轉向 USDT

Ripple 在美國的 ODL 從 XRP 轉向 USDT 是對監管壓力的策略回應，其新加坡子公司目前負責 XRP 銷售以克服法律障礙。在對 SEC 禁令的擔憂中，Ripple 的海外 ODL 業務仍然存在不確定性，而內部通訊顯示對客戶的最低資產要求以及對非美國實體的關注。

Ripple's Strategic Shift Amid Regulatory Uncertainties: Transition to USDT for ODL Services

監理不確定性下Ripple的策略轉變：ODL服務轉向USDT

In response to mounting regulatory scrutiny, Ripple has implemented significant shifts in its blockchain payment platform, RippleNet, and its On-Demand Liquidity (ODL) service. These measures underscore the company's determination to navigate legal hurdles and sustain its position as a leading provider of cross-border payment solutions.

為了應對日益嚴格的監管審查，Ripple 對其區塊鏈支付平台 RippleNet 及其按需流動性（ODL）服務實施了重大轉變。這些措施凸顯了該公司克服法律障礙並維持其作為跨境支付解決方案領先提供者的地位的決​​心。

ODL Transition to USDT in the US

美國 ODL 轉換為 USDT

Ripple has transitioned its ODL services for US clients from XRP to Tether's USDT, a stablecoin pegged to the US dollar. This adjustment complies with a court ruling last year that deemed the institutional sale of XRP tokens in violation of US security laws.

Ripple 已將其為美國客戶提供的 ODL 服務從 XRP 轉變為 Tether 的 USDT（一種與美元掛鉤的穩定幣）。這項調整符合去年法院的一項裁決，該裁決認為機構出售 XRP 代幣違反了美國安全法。

Non-US Entities Facilitate XRP Sales

非美國實體促進 XRP 銷售

To circumvent legal obstacles in the US, Ripple has engaged non-US entities to facilitate XRP sales to ODL customers. A Singaporean subsidiary of Ripple now serves as the primary contracting party for XRP sales, signaling a tactical shift towards leveraging non-US entities to navigate legal hurdles.

為了規避美國的法律障礙，Ripple 已聘請非美國實體來促進向 ODL 客戶銷售 XRP。 Ripple 的一家新加坡子公司現在成為 XRP 銷售的主要締約方，這標誌著戰略轉向利用非美國實體來克服法律障礙。

Minimum Asset Requirements

最低資產要求

Ripple has implemented minimum asset requirements for ODL clients, with a $5 million threshold to ensure financial stability. Exceptions are granted for "otherwise sophisticated entities," demonstrating Ripple's commitment to protecting end customers amidst regulatory challenges.

Ripple 對 ODL 客戶實施了最低資產要求，門檻為 500 萬美元，以確保財務穩定。 「其他複雜的實體」被授予例外，這表明 Ripple 致力於在監管挑戰中保護最終客戶。

Concerns Over Injunctions

對禁令的擔憂

Uncertainty lingers over the impact of a wide injunction sought by the SEC on Ripple's overseas subsidiaries and their ODL operations. While Ripple itself does not have ODL customers, its subsidiaries reportedly do, raising questions about the applicability of injunctions to non-US entities.

美國證券交易委員會尋求對 Ripple 海外子公司及其 ODL 業務實施廣泛禁令的影響仍存在不確定性。雖然 Ripple 本身沒有 ODL 客戶，但據報導其子公司有 ODL 客戶，這引發了有關禁令是否適用於非美國實體的問題。

Regulatory Landscape and Legal Saga

監管環境與法律傳奇

Ripple navigates a complex regulatory landscape as it seeks to maintain its position in the digital payments ecosystem. The adaptation to regulatory challenges will continue to shape the future of its ODL services as the legal saga unfolds.

Ripple 在尋求維持其在數位支付生態系統中的地位時，應對複雜的監管環境。隨著法律傳奇的展開，對監管挑戰的適應將繼續影響其 ODL 服務的未來。

Additional Implications

額外的影響

Moon Lambo, an XRP Youtuber, suggests that as long as ODL transactions do not touch US jurisdictions, they may continue unhindered. This highlights the potential for non-US entities to provide ODL services without being subject to US regulatory measures.

XRP Youtuber Moon Lambo 表示，只要 ODL 交易不觸及美國司法管轄區，它們就可以不受阻礙地繼續進行。這凸顯了非美國實體提供 ODL 服務而不受美國監管措施約束的潛力。

The strategic changes implemented by Ripple reflect a proactive response to regulatory pressures and a desire to sustain its ODL services for US clients. However, the uncertainty surrounding the SEC's injunctions raises questions about the long-term viability of Ripple's operations in the face of regulatory scrutiny.

Ripple 實施的策略變更反映了對監管壓力的正面回應以及維持其為美國客戶提供 ODL 服務的願望。然而，圍繞 SEC 禁令的不確定性引發了人們對 Ripple 業務在面臨監管審查時的長期生存能力的質疑。