Ripple 的穩定幣在 XRP Ledger 上發布，引發加密貨幣社群爭論

對於 Ripple 計劃在 XRPL 和以太坊上推出美元支援的穩定幣，加密社群反應不一。有些人猜測 XRP 在跨國支付中的重要性可能會減弱，但加密貨幣研究人員 Krippenreiter 提供了不同的觀點，強調穩定幣和 XRP 的獨特特徵以及它們在加密貨幣領域的互補潛力。

Ripple unveils stablecoin on XRP Ledger, sparking debates within the crypto community

Ripple 在 XRP Ledger 上推出穩定幣，引發加密社群內的爭論

New York, July 15, 2023 - Ripple's announcement to launch a stablecoin backed by the US dollar on both the XRP Ledger (XRPL) and Ethereum blockchain has evoked diverse reactions from members of the crypto community.

紐約，2023 年 7 月 15 日 - Ripple 宣佈在 XRP Ledger (XRPL) 和以太坊區塊鏈上推出以美元支援的穩定幣，引起了加密社群成員的不同反應。

Differing Perspectives on XRP's Relevance

對 XRP 相關性的不同觀點

While some speculate that the introduction of a stablecoin may diminish XRP's role in cross-border transactions, crypto researcher Stefan Krippenreiter offers a contrasting viewpoint.

雖然有些人推測穩定幣的引入可能會削弱 XRP 在跨國交易中的作用，但加密貨幣研究員 Stefan Krippenreiter 提出了相反的觀點。

XRP's Unique Attributes

XRP 的獨特屬性

Krippenreiter emphasizes that stablecoins and XRP possess fundamentally different characteristics. Stablecoins derive their value from the real-world assets they represent, aiming to maintain a stable peg against their underlying asset.

Krippenreiter 強調穩定幣和 XRP 具有根本不同的特徵。穩定幣的價值來自它們所代表的現實世界資產，旨在與其基礎資產保持穩定的掛鉤。

In contrast, XRP operates as a globally neutral and independent token on the XRPL, rendering it less susceptible to risks associated with specific issuers or jurisdictions. Unlike stablecoins, whose reserves undergo audits and attestations, XRP benefits from the transparency of the XRPL. The ledger's design allows stakeholders to monitor XRP's supply in real-time, ensuring complete visibility.

相較之下，XRP 作為 XRPL 上的全球中立且獨立的代幣運作，使其不易受到與特定發行人或司法管轄區相關的風險的影響。與穩定幣的儲備經過審計和認證不同，XRP 受益於 XRPL 的透明度。此帳本的設計可讓利害關係人即時監控 XRP 的供應，確保完全可見性。

Fragmentation, De-dollarization, and Regulation

碎片化、去美元化和監管

Krippenreiter highlights the fragmented nature of the stablecoin landscape, where numerous tokens are issued by diverse entities across various blockchains. The XRPL offers a more integrated ecosystem with a native currency and an embedded decentralized exchange (DEX).

Krippenreiter 強調了穩定幣格局的分散性，其中大量代幣是由不同區塊鏈上的不同實體發行的。 XRPL 提供了一個更整合的生態系統，包含原生貨幣和嵌入式去中心化交易所 (DEX)。

He further notes the growing global movement towards de-dollarization, as nations strive to reduce their reliance on the US dollar. Several nations, particularly within the BRICS bloc, are actively exploring alternatives to US dollar dominance.

他進一步指出，隨著各國努力減少對美元的依賴，全球去美元化運動不斷發展。一些國家，特別是金磚國家，正在積極探索美元主導地位的替代方案。

This trend underscores the potential impact on the long-term stability of USD-backed stablecoins. While stablecoins are subject to the policies of their issuers, with the potential for opaque supply adjustments, the XRPL operates on a decentralized consensus model. Any modifications to XRP's supply require consensus among the network's validators.

這一趨勢凸顯了對美元支持的穩定幣長期穩定性的潛在影響。雖然穩定幣受發行人政策的約束，並且可能存在不透明的供應調整，但 XRPL 卻採用去中心化共識模型運作。對 XRP 供應的任何修改都需要網路驗證者之間達成共識。

Another key distinction, according to Krippenreiter, lies in the adaptability of each asset. Stablecoin issuers exercise centralized control over supply, allowing them to mint or burn tokens without comprehensive public oversight. However, any changes to XRP's supply necessitate agreement within the XRPL's extensive validator network.

Krippenreiter 認為，另一個關鍵區別在於每種資產的適應性。穩定幣發行者對供應實施集中控制，允許他們在沒有全面公共監督的情況下鑄造或銷毀代幣。然而，XRP 供應的任何變更都需要在 XRPL 廣泛的驗證器網路內達成協議。

Stablecoins and XRP: A Complementary Future

穩定幣和 XRP：互補的未來

Countering the notion of XRP becoming redundant, Krippenreiter posits that Ripple's stablecoin will complement XRP's utility. The analyst cites substantial on-chain data highlighting the vast stablecoin market ($154.5 billion according to DeFiLlama) and their dominance within the Ethereum ecosystem.

Krippenreiter 反駁了 XRP 變得多餘的觀點，認為 Ripple 的穩定幣將補充 XRP 的實用性。該分析師引用了大量鏈上數據，突顯了龐大的穩定幣市場（根據 DeFiLlama 的數據，該市場為 1545 億美元）及其在以太坊生態系統中的主導地位。

Ripple's foray into the stablecoin realm aligns with the increasing significance of these tokens in the crypto industry. Krippenreiter anticipates that the integration of automated market maker (AMM) functionality into the XRPL could facilitate the creation of AMMs with XRP and the new Ripple stablecoin as currency pairs.

Ripple 進軍穩定幣領域與這些代幣在加密產業中日益重要的意義相符。 Krippenreiter 預計，將自動做市商 (AMM) 功能整合到 XRPL 中可以促進以 XRP 和新的 Ripple 穩定幣作為貨幣對的 AMM 的創建。

While the introduction of Ripple's stablecoin raises valid questions about XRP's continued prominence, a thorough analysis suggests that the two tokens have distinct use cases. In Krippenreiter's assessment, XRP's speed, neutrality, and transparency establish its value as an asset. The new stablecoin is likely to coexist with XRP, broadening Ripple's capabilities within the evolving cryptocurrency landscape.

雖然 Ripple 穩定幣的推出引發了人們對 XRP 持續主導地位的合理質疑，但全面的分析表明，這兩種代幣具有不同的用例。在 Krippenreiter 的評估中，XRP 的速度、中立性和透明度確立了其作為資產的價值。新的穩定幣很可能與 XRP 共存，從而擴大 Ripple 在不斷發展的加密貨幣領域的能力。