Ripple進入穩定幣前沿，在不確定的監管水域中航行

XRP Ledger 和 XRP 代幣背後的公司 Ripple Labs 正在進軍穩定幣市場。這一戰略轉變是在該網絡經歷了一年的低收入以及對其技術應用的審查之後發生的。 Ripple 旨在透過在 XRP Ledger 和以太坊上推出穩定幣來擴大其覆蓋範圍並克服採用挑戰。此舉可能會影響其 ODL 服務，該服務利用 XRP 進行跨境支付，但 Ripple 相信穩定幣將補充 XRP 並吸引新客戶。 Ripple進軍穩定幣市場顯示其靈活適應產業趨勢並尋求新的成長機會。

Ripple Ventures into Stablecoin Market, Exploring New Avenues amid Regulatory Scrutiny

Ripple Ventures進軍穩定幣市場，在監管審查中探索新途徑

Ripple Labs, the firm behind the XRP Ledger blockchain and XRP token, has embarked on a strategic shift by venturing into the burgeoning stablecoin market, a sector currently valued at approximately $150 billion. This move marks a significant departure for Ripple, which has previously focused on gaining mainstream adoption for XRP through initiatives such as non-fungible tokens (NFTs), smart contracts, and tokenized assets. However, these efforts have faced limited success due to unfavorable market conditions.

XRP Ledger 區塊鏈和 XRP 代幣背後的公司 Ripple Labs 已開始進行戰略轉變，進軍新興的穩定幣市場，該市場目前估值約為 1500 億美元。此舉標誌著 Ripple 的重大轉變，Ripple 先前一直專注於透過不可替代代幣（NFT）、智能合約和代幣化資產等舉措來獲得 XRP 的主流採用。然而，由於不利的市場條件，這些努力成效有限。

The company's latest pivot into stablecoins could have far-reaching implications for its flagship On-Demand Liquidity (ODL) service, which utilizes XRP for instantaneous cross-border money transfers. The introduction of a stablecoin may have been precipitated by the reluctance of financial institutions to engage with XRP due to its volatility and ongoing regulatory challenges stemming from Ripple's lawsuit with the U.S. Securities and Exchange Commission (SEC).

該公司最新轉向穩定幣可能對其旗艦按需流動性（ODL）服務產生深遠影響，該服務利用 XRP 進行即時跨境匯款。由於 XRP 的波動性以及 Ripple 與美國證券交易委員會 (SEC) 訴訟帶來的持續監管挑戰，金融機構不願與 XRP 合作，這可能促成了穩定幣的推出。

Ripple's Chief Technology Officer, David Schwartz, maintains that the stablecoin will complement XRP by providing alternative solutions for clients who are unable to use XRP directly. The stablecoin will be deployed on both the XRP Ledger and Ethereum to enhance its accessibility.

Ripple 技術長 David Schwartz 認為，穩定幣將透過為無法直接使用 XRP 的客戶提供替代解決方案來補充 XRP。該穩定幣將部署在 XRP Ledger 和以太坊上，以增強其可訪問性。

Despite entering the stablecoin market, Ripple must tread carefully to avoid diminishing demand for XRP, as the company holds over $26 billion worth of the asset in escrow that may be sold in the future. The profitability of stablecoins is exemplified by USDT issuer Tether, which reported a remarkable $6.2 billion net profit in the previous year and witnessed a substantial increase in its market capitalization. Stablecoin issuers generate revenue by investing the underlying collateral in low-risk assets, such as short-term treasuries, without offering interest payments to token holders. This lucrative business model has transformed Tether's largest shareholders into billionaires.

儘管進入了穩定幣市場，Ripple 必須謹慎行事，以避免對 XRP 的需求減少，因為該公司持有價值超過 260 億美元的託管資產，這些資產可能在未來出售。穩定幣的獲利能力以USDT發行商Tether為例，去年該公司淨利達62億美元，市值大幅成長。穩定幣發行人透過將基礎抵押品投資於短期國債等低風險資產來產生收入，而不向代幣持有者支付利息。這種利潤豐厚的商業模式已將 Tether 的最大股東轉變為億萬富翁。

Ripple anticipates that the stablecoin will also invigorate its other initiatives, including decentralized finance (DeFi), which has yet to gain significant traction on the XRP Ledger. Ripple's CEO, Brad Garlinghouse, believes that the introduction of a reputable stablecoin on the XRP Ledger will foster more use cases, liquidity, and opportunities for developers and users seeking to harness the advantages of the platform.

Ripple 預計穩定幣也將為其其他舉措注入活力，包括去中心化金融（DeFi），該項目尚未在 XRP Ledger 上獲得重大關注。 Ripple 執行長 Brad Garlinghouse 認為，在 XRP Ledger 上引入信譽良好的穩定幣將為尋求利用該平台優勢的開發人員和用戶帶來更多用例、流動性和機會。

The announcement of Ripple's entry into the stablecoin market initially triggered a 7% surge in the value of XRP, but these gains were short-lived, as the price promptly retraced. The long-term impact of Ripple's stablecoin venture on the XRP ecosystem and the broader cryptocurrency market remains to be determined. Stablecoins have proven to be lucrative, but concerns linger regarding potential conflicts with existing services like ODL and the evolving regulatory landscape surrounding digital assets.

Ripple 宣布進入穩定幣市場最初引發了 XRP 價格飆升 7%，但這些漲幅是短暫的，因為價格迅速回落。 Ripple 的穩定幣項目對 XRP 生態系統和更廣泛的加密貨幣市場的長期影響仍有待確定。事實證明，穩定幣利潤豐厚，但人們仍然擔心與 ODL 等現有服務的潛在衝突以及圍繞數位資產不斷變化的監管環境。

Ripple's decision to diversify its portfolio and enter a new market underscores the company's adaptability and willingness to explore novel opportunities within the rapidly evolving cryptocurrency industry. As the stablecoin market continues to expand and mature, Ripple's entry has the potential to profoundly shape the future of digital payments and blockchain technology.

Ripple 決定多元化投資組合並進入新市場，這突顯了該公司在快速發展的加密貨幣行業中探索新機會的適應性和意願。隨著穩定幣市場的不斷擴大和成熟，瑞波幣的進入有可能深刻塑造數位支付和區塊鏈技術的未來。