Ripple 适应监管挑战：美国 ODL 服务转向 USDT

Ripple 在美国的 ODL 从 XRP 转向 USDT 是对监管压力的战略回应，其新加坡子公司目前负责 XRP 销售以克服法律障碍。在对 SEC 禁令的担忧中，Ripple 的海外 ODL 业务仍然存在不确定性，而内部通讯显示对客户的最低资产要求以及对非美国实体的关注。

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

监管不确定性下Ripple的战略转变：ODL服务转向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.

为了应对日益严格的监管审查，Ripple 对其区块链支付平台 RippleNet 及其按需流动性（ODL）服务实施了重大转变。这些措施凸显了该公司克服法律障碍并维持其作为跨境支付解决方案领先提供商的地位的决心。

ODL Transition to USDT in the US

美国 ODL 转换为 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 已将其为美国客户提供的 ODL 服务从 XRP 转变为 Tether 的 USDT（一种与美元挂钩的稳定币）。这一调整符合去年法院的一项裁决，该裁决认为机构出售 XRP 代币违反了美国安全法。

Non-US Entities Facilitate XRP Sales

非美国实体促进 XRP 销售

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.

为了规避美国的法律障碍，Ripple 已聘请非美国实体来促进向 ODL 客户销售 XRP。 Ripple 的一家新加坡子公司现在成为 XRP 销售的主要缔约方，这标志着战略转向利用非美国实体来克服法律障碍。

Minimum Asset Requirements

最低资产要求

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 对 ODL 客户实施了最低资产要求，门槛为 500 万美元，以确保财务稳定。 “其他复杂的实体”被授予例外，这表明 Ripple 致力于在监管挑战中保护最终客户。

Concerns Over Injunctions

对禁令的担忧

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.

美国证券交易委员会寻求对 Ripple 海外子公司及其 ODL 业务实施广泛禁令的影响仍存在不确定性。虽然 Ripple 本身没有 ODL 客户，但据报道其子公司有 ODL 客户，这引发了有关禁令是否适用于非美国实体的问题。

Regulatory Landscape and Legal Saga

监管环境和法律传奇

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 在寻求维持其在数字支付生态系统中的地位时，应对复杂的监管环境。随着法律传奇的展开，对监管挑战的适应将继续影响其 ODL 服务的未来。

Additional Implications

额外的影响

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 交易不触及美国司法管辖区，它们就可以不受阻碍地继续进行。这凸显了非美国实体提供 ODL 服务而不受美国监管措施约束的潜力。

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 实施的战略变化反映了对监管压力的积极响应以及维持其为美国客户提供 ODL 服务的愿望。然而，围绕 SEC 禁令的不确定性引发了人们对 Ripple 业务在面临监管审查时的长期生存能力的质疑。