Ripple 的稳定币在 XRP Ledger 上发布，引发加密货币社区争论

对于 Ripple 计划在 XRPL 和以太坊上推出美元支持的稳定币，加密社区反应不一。一些人猜测 XRP 在跨境支付中的重要性可能会减弱，但加密货币研究人员 Krippenreiter 提供了不同的观点，强调稳定币和 XRP 的独特特征以及它们在加密货币领域的互补潜力。

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

Ripple 在 XRP Ledger 上推出稳定币，引发加密社区内的争论

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.

纽约，2023 年 7 月 15 日 - Ripple 宣布在 XRP Ledger (XRPL) 和以太坊区块链上推出以美元支持的稳定币，引起了加密社区成员的不同反应。

Differing Perspectives on XRP's Relevance

对 XRP 相关性的不同观点

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.

虽然一些人推测稳定币的引入可能会削弱 XRP 在跨境交易中的作用，但加密货币研究员 Stefan Krippenreiter 提出了相反的观点。

XRP's Unique Attributes

XRP 的独特属性

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 强调稳定币和 XRP 具有根本不同的特征。稳定币的价值来自它们所代表的现实世界资产，旨在与其基础资产保持稳定的挂钩。

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.

相比之下，XRP 作为 XRPL 上的全球中立且独立的代币运作，使其不易受到与特定发行人或司法管辖区相关的风险的影响。与稳定币的储备经过审计和认证不同，XRP 受益于 XRPL 的透明度。该账本的设计允许利益相关者实时监控 XRP 的供应，确保完全可见性。

Fragmentation, De-dollarization, and Regulation

碎片化、去美元化和监管

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 强调了稳定币格局的分散性，其中大量代币是由不同区块链上的不同实体发行的。 XRPL 提供了一个更加集成的生态系统，包含原生货币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.

他进一步指出，随着各国努力减少对美元的依赖，全球去美元化运动不断发展。一些国家，特别是金砖国家，正在积极探索美元主导地位的替代方案。

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.

这一趋势凸显了对美元支持的稳定币长期稳定性的潜在影响。虽然稳定币受发行人政策的约束，并且可能存在不透明的供应调整，但 XRPL 却采用去中心化共识模型运行。对 XRP 供应的任何修改都需要网络验证者之间达成共识。

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 认为，另一个关键区别在于每种资产的适应性。稳定币发行者对供应实行集中控制，允许他们在没有全面公共监督的情况下铸造或销毁代币。然而，XRP 供应的任何变化都需要在 XRPL 广泛的验证器网络内达成一致。

Stablecoins and XRP: A Complementary Future

稳定币和 XRP：互补的未来

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 反驳了 XRP 变得多余的观点，认为 Ripple 的稳定币将补充 XRP 的实用性。该分析师引用了大量链上数据，突显了庞大的稳定币市场（根据 DeFiLlama 的数据，该市场为 1545 亿美元）及其在以太坊生态系统中的主导地位。

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 进军稳定币领域与这些代币在加密行业中日益重要的意义相一致。 Krippenreiter 预计，将自动做市商 (AMM) 功能集成到 XRPL 中可以促进以 XRP 和新的 Ripple 稳定币作为货币对的 AMM 的创建。

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.

虽然 Ripple 稳定币的推出引发了人们对 XRP 持续主导地位的合理质疑，但全面的分析表明，这两种代币具有不同的用例。在 Krippenreiter 的评估中，XRP 的速度、中立性和透明度确立了其作为资产的价值。新的稳定币很可能与 XRP 共存，从而扩大 Ripple 在不断发展的加密货币领域的能力。