即將到來的美國Stablecoin法規可能是XRP的逆風

XRP社區研究員SMQKE概述了即將到來的美國Stablecoin法規如何提高XRP的採用，公用事業和市場價值。

The upcoming U.S. stablecoin regulations, part of the broader GENIUS Act, could significantly boost the adoption, utility, and market value of XRP, community researcher SMQKE argues.

社區研究員Smqke認為，即將到來的美國Stablecoin法規是《廣泛天才法》的一部分，可以顯著提高XRP的採用，實用性和市場價值。

According to the analysis by SMQKE, which was shared with The Crypto Basic community, Ripple’s USD stablecoin, RLUSD, will benefit from the new regulatory framework. This, in turn, will drive increased usage of the XRP Ledger and demand for XRP.

根據與加密基本社區共享的SMQKE的分析，Ripple的USD Stablecoin Rlusd將從新的監管框架中受益。反過來，這將推動XRP分類帳和對XRP的需求的增加。

The GENIUS Act, which stands for "Growth Engine Network, Jobs Impact, U.S. Leadership, and Services," will mandate reserve requirements, audits, and licensing for stablecoins. It also aims to create a new class of "digital asset banks" to handle digital asset custody and banking services.

《天才法》代表“增長引擎網絡，就業影響，美國領導力和服務”，將要求儲備金要求，審核和穩定的許可。它還旨在創建新的“數字資產銀行”類，以處理數字資產監護和銀行服務。

However, experts say that the Act’s scope is limited, as it will only place federal oversight on stablecoins with over $10 billion in market value.

但是，專家說，該法案的範圍是有限的，因為它只會對超過100億美元的市場價值進行聯邦監督。

Currently, RLUSD is well under the $10 billion cap, meaning it can opt for state-level regulation if it meets federal standards.

目前，RLUSD遠低於100億美元的上限，這意味著如果達到聯邦標準，它可以選擇州級法規。

If it chooses the state route, RLUSD will still need to comply with the new requirements outlined in the GENIUS Act. This includes maintaining full backing with liquid assets, undergoing regular audits by independent accounting firms, and being licensed and supervised by state or federal agencies.

如果選擇州路線，RLUSD仍然需要遵守《天才法》中概述的新要求。這包括維持流動資產的全部支持，由獨立會計師事務所進行定期審計，並由州或聯邦機構許可和監督。

Greater Institutional Interest In RLUSD

RLUSD的機構興趣更大

As a result of the new regulatory clarity, there could be greater institutional interest in RLUSD.

由於新的監管清晰度，RLUSD可能會有更大的機構興趣。

This is because institutional investors typically prefer assets that are compliant with regulations and have a clear legal standing.

這是因為機構投資者通常更喜歡符合法規並具有明確法律地位的資產。

The increased usage of RLUSD, in turn, will benefit XRP.

RLUSD的使用增加將使XRP受益。

Every time RLUSD is transacted, a small XRP-denominated fee is charged, which is then burned. This helps to reduce the total supply of XRP in circulation.

每次進行RLUSD交易時，都會收取少量的XRP計數費，然後燃燒。這有助於減少循環中XRP的總供應。

As the volume of RLUSD transactions grows, especially for use cases like cross-border payments and remittances, the demand for XRP as a bridge asset will increase. This, in essence, will push the value of XRP up.

隨著RLUSD交易的量增加，尤其是對於跨境支付和匯款等用例，對XRP作為橋樑資產的需求將增加。從本質上講，這將推動XRP的價值上升。

Soldifoying XRP's Legal Status

Soldifoy XRP的法律地位

Moreover, the regulatory clarity provided by the GENIUS Act will also help to solidify the legal status of XRP.

此外，《天才法》提供的監管清晰度還將有助於鞏固XRP的法律地位。

While XRP is not a stablecoin, its operation within a regulated framework will further strengthen its position as a utility token rather than a security. This will provide greater legal certainty for investors, businesses, and financial institutions.

雖然XRP不是穩定的，但其在受管制框架內的運行將進一步加強其作為實用程序代幣而不是安全性的地位。這將為投資者，企業和金融機構提供更大的法律確定性。

Positioning RLUSD Against CBDCs

對CBDCS定位RLUSD

Another major advantage is the positioning of RLUSD against Central Bank Digital Currencies (CBDCs).

另一個主要優勢是RLUSD對中央銀行數字貨幣（CBDC）的定位。

The U.S. government has banned the creation of a federal CBDC, and President Trump’s executive order highlighted the importance of USD stablecoins in promoting the dollar’s dominance.

美國政府禁止建立聯邦CBDC，特朗普總統的行政命令強調了美元穩定股的重要性在促進美元的統治地位中的重要性。

The GENIUS Act aligns with this priority by focusing on the regulation and integration of stablecoins into the existing financial system.

《天才法》通過重點關注穩定幣融入現有金融體系的法規和整合來與此優先事項保持一致。

In contrast, the new legislation does not place any direct regulatory measures on CBDCs. This suggests that the focus is on establishing clear rules for the existing classes of digital assets.

相比之下，新立法沒有對CBDC採取任何直接的監管措施。這表明重點是為現有的數字資產類別建立明確的規則。

In essence, SMQKE’s commentary suggests that the regulatory changes brought about by the GENIUS Act could usher in a new era for XRP, even though the coin itself is not a stablecoin.

從本質上講，SMQKE的評論表明，《天才法案》所帶來的監管變化可能會為XRP帶來一個新時代，即使硬幣本身不是穩定的。