Ripple 的穩定幣公告引發了加密社群的猜測和爭論

隨著 XRP Ledger 和以太坊上推出美元支援的穩定幣，人們開始擔心 XRP 受到的影響。然而，加密貨幣研究人員 Krippenreiter 的分析強調了穩定幣和 XRP 的獨特功能和價值主張。雖然穩定幣透過與現實世界資產掛鉤來保持穩定性，但 XRP 作為 XRPL 上的中性代幣運行，提供了免受交易對手風險和供應動態透明度的影響。儘管引入了 Ripple 支持的穩定幣，但去美元化趨勢和 XRP 與美元的脫鉤也有助於其持久價值。

Ripple Stablecoin Announcement Sparks Speculation and Debate

Ripple穩定幣公告引發猜測與爭論

Introduction

介紹

Ripple's recent proposal to issue a stablecoin, backed by the United States dollar, on the XRP Ledger (XRPL) and Ethereum networks has ignited a flurry of speculation and debate within the cryptocurrency community. The primary concern centers on the potential implications for XRP, the native cryptocurrency of Ripple, commonly utilized in cross-border transactions.

Ripple 最近提議在 XRP Ledger (XRPL) 和以太坊網路上發行以美元為支持的穩定幣，這在加密貨幣社群內引發了一系列猜測和爭論。主要關注點集中在 XRP 的潛在影響上，XRP 是 Ripple 的原生加密貨幣，通常用於跨國交易。

Stablecoins vs. XRP: Understanding the Differences

穩定幣與 XRP：了解差異

To address these concerns, cryptocurrency researcher Krippenreiter has provided a detailed analysis, emphasizing the fundamental distinctions between stablecoins and XRP. Unlike stablecoins, which are pegged to real-world assets such as the US dollar to maintain stability, XRP functions as a globally neutral token on the XRPL. This neutrality affords XRP a level of immunity from counterparty risks inherent in stablecoins, which rely heavily on issuers and institutions. Additionally, the transparency of the XRPL allows for real-time tracking of XRP's supply dynamics, a feature not inherent to stablecoin operations that depend on periodic audits and attestations.

為了解決這些問題，加密貨幣研究人員 Krippenreiter 提供了詳細的分析，強調了穩定幣和 XRP 之間的根本差異。與穩定幣不同，穩定幣與美元等現實世界資產掛鉤以保持穩定，XRP 是 XRPL 上的全球中立代幣。這種中立性使 XRP 在一定程度上免受穩定幣固有的交易對手風險，穩定幣嚴重依賴發行人和機構。此外，XRPL 的透明度允許即時追蹤 XRP 的供應動態，這是依賴定期審計和證明的穩定幣營運所固有的功能。

Global Financial Dynamics and XRP's Role

全球金融動態與 XRP 的作用

Krippenreiter's analysis also considers the ongoing process of dedollarization, a trend observed among BRICS countries and others to reduce their dependence on the US dollar. This trend poses a potential threat to the value of stablecoins backed by the US dollar, as trust in the fiat currency wanes. In contrast, XRP's value proposition is not tethered to the US dollar, providing it with a layer of insulation against such geopolitical and economic shifts. Furthermore, the flexibility of XRP, controlled by consensus among its users, contrasts with the top-down governance model of stablecoins, where issuers dictate supply dynamics.

克里彭賴特的分析也考慮了正在進行的去美元化進程，這是金磚國家和其他國家觀察到的一種減少對美元依賴的趨勢。隨著人們對法定貨幣的信任減弱，這種趨勢對以美元為支撐的穩定幣的價值構成了潛在威脅。相較之下，XRP 的價值主張並不與美元掛鉤，這為其提供了一層抵禦此類地緣政治和經濟變化的隔離層。此外，XRP 的靈活性由用戶之間的共識控制，這與穩定幣自上而下的治理模式形成鮮明對比，在穩定幣中，發行人決定供應動態。

Ripple's Stablecoin Initiative and XRP's Enduring Value

Ripple 的穩定幣計劃和 XRP 的持久價值

Despite the introduction of a Ripple-backed stablecoin, Krippenreiter argues that XRP will continue to play a significant role in the cryptocurrency ecosystem. The analysis highlights the inherent differences in utility and governance between stablecoins and XRP, suggesting that XRP's value proposition, including its transaction speed and decoupling from the traditional financial world, will remain intact.

儘管推出了 Ripple 支援的穩定幣，但 Krippenreiter 認為 XRP 將繼續在加密貨幣生態系統中發揮重要作用。該分析強調了穩定幣和 XRP 之間在效用和治理方面的內在差異，這表明 XRP 的價值主張，包括其交易速度和與傳統金融世界的脫鉤，將保持不變。

Criticisms and Counter-Arguments

批評和反駁

The announcement of Ripple's stablecoin has not been without its critics. CoinDesk, in particular, has suggested that Ripple's entry into the stablecoin market is driven by a pivot born out of necessity rather than innovation. However, these criticisms have been met with robust rebuttals from industry leaders, including Ripple CEO Brad Garlinghouse. Garlinghouse, supported by insights from Artur Kirjakulov, co-founder and CEO of XPMarkets, emphasized Ripple's enduring partnerships, its expansion into new business domains, and the continued relevance of XRP in financial transactions as counterpoints to the narrative of decline.

Ripple 穩定幣的發布並非沒有受到批評。 CoinDesk 特別指出，Ripple 進入穩定幣市場是出於必要而不是創新的推動。然而，這些批評遭到了包括 Ripple 執行長 Brad Garlinghouse 在內的行業領袖的強烈反駁。 Garlinghouse 在XPMarkets 聯合創始人兼首席執行官Artur Kirjakulov 的見解的支持下，強調了Ripple 持久的合作夥伴關係、其向新業務領域的擴張以及XRP 在金融交易中的持續相關性，以此作為對衰落敘述的對比。

Conclusion

結論

Ripple's stablecoin proposal has sparked a lively debate within the cryptocurrency community. While concerns have been raised about the potential impact on XRP, analysts like Krippenreiter argue that XRP's inherent characteristics and distinct value proposition will ensure its continued relevance. The upcoming Ripple stablecoin should be viewed as a complementary asset rather than a replacement, further enhancing the Ripple ecosystem's utility. Industry leaders have also dismissed criticisms of Ripple's motivations, highlighting the company's ongoing innovation and commitment to the broader cryptocurrency landscape. As the cryptocurrency market continues to evolve, it remains to be seen how Ripple's stablecoin will shape the ecosystem and the role of XRP within it.

Ripple的穩定幣提案引發了加密貨幣社群的激烈爭論。儘管有人擔心 XRP 的潛在影響，但 Krippenreiter 等分析師認為，XRP 的固有特徵和獨特的價值主張將確保其持續相關性。即將推出的 Ripple 穩定幣應被視為一種補充資產，而不是替代品，從而進一步增強 Ripple 生態系統的效用。行業領導者也駁回了對 Ripple 動機的批評，並強調了該公司的持續創新和對更廣泛的加密貨幣領域的承諾。隨著加密貨幣市場的不斷發展，Ripple 的穩定幣將如何塑造生態系統以及 XRP 在其中的作用還有待觀察。