Ripple 的稳定币公告引发了加密社区的猜测和争论

随着 XRP Ledger 和以太坊上推出美元支持的稳定币，人们开始担心 XRP 受到的影响。然而，加密货币研究人员 Krippenreiter 的分析强调了稳定币和 XRP 的独特功能和价值主张。虽然稳定币通过与现实世界资产挂钩来保持稳定性，但 XRP 作为 XRPL 上的中性代币运行，提供了免受交易对手风险和供应动态透明度的影响。尽管引入了 Ripple 支持的稳定币，但去美元化趋势和 XRP 与美元的脱钩也有助于其持久价值。

Ripple Stablecoin Announcement Sparks Speculation and Debate

Ripple稳定币公告引发猜测和争论

Introduction

介绍

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 最近提议在 XRP Ledger (XRPL) 和以太坊网络上发行以美元为支持的稳定币，这在加密货币社区内引发了一系列猜测和争论。主要关注点集中在 XRP 的潜在影响上，XRP 是 Ripple 的原生加密货币，通常用于跨境交易。

Stablecoins vs. XRP: Understanding the Differences

稳定币与 XRP：了解差异

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.

为了解决这些问题，加密货币研究人员 Krippenreiter 提供了详细的分析，强调了稳定币和 XRP 之间的根本区别。与稳定币不同，稳定币与美元等现实世界资产挂钩以保持稳定，XRP 是 XRPL 上的全球中立代币。这种中立性使 XRP 在一定程度上免受稳定币固有的交易对手风险，稳定币严重依赖发行人和机构。此外，XRPL 的透明度允许实时跟踪 XRP 的供应动态，这是依赖于定期审计和证明的稳定币运营所固有的功能。

Global Financial Dynamics and XRP's Role

全球金融动态和 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.

克里彭赖特的分析还考虑了正在进行的去美元化进程，这是金砖国家和其他国家观察到的一种减少对美元依赖的趋势。随着人们对法定货币的信任减弱，这种趋势对以美元为支撑的稳定币的价值构成了潜在威胁。相比之下，XRP 的价值主张并不与美元挂钩，这为其提供了一层抵御此类地缘政治和经济变化的隔离层。此外，XRP 的灵活性由用户之间的共识控制，这与稳定币自上而下的治理模式形成鲜明对比，在稳定币中，发行人决定供应动态。

Ripple's Stablecoin Initiative and XRP's Enduring Value

Ripple 的稳定币计划和 XRP 的持久价值

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.

尽管推出了 Ripple 支持的稳定币，但 Krippenreiter 认为 XRP 将继续在加密货币生态系统中发挥重要作用。该分析强调了稳定币和 XRP 之间在效用和治理方面的内在差异，这表明 XRP 的价值主张，包括其交易速度和与传统金融世界的脱钩，将保持不变。

Criticisms and Counter-Arguments

批评和反驳

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 稳定币的发布并非没有受到批评。 CoinDesk 特别指出，Ripple 进入稳定币市场是出于必要而不是创新的推动。然而，这些批评遭到了包括 Ripple 首席执行官布拉德·加林豪斯 (Brad Garlinghouse) 在内的行业领袖的强烈反驳。 Garlinghouse 在 XPMarkets 联合创始人兼首席执行官 Artur Kirjakulov 的见解的支持下，强调了 Ripple 持久的合作伙伴关系、其向新业务领域的扩张以及 XRP 在金融交易中的持续相关性，以此作为对衰落叙述的对比。

Conclusion

结论

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的稳定币提案引发了加密货币社区的激烈争论。尽管有人担心 XRP 的潜在影响，但 Krippenreiter 等分析师认为，XRP 的固有特征和独特的价值主张将确保其持续相关性。即将推出的 Ripple 稳定币应被视为一种补充资产，而不是替代品，从而进一步增强 Ripple 生态系统的效用。行业领导者也驳回了对 Ripple 动机的批评，强调了该公司的持续创新和对更广泛的加密货币领域的承诺。随着加密货币市场的不断发展，Ripple 的稳定币将如何塑造生态系统以及 XRP 在其中的作用还有待观察。