Ripple，USD，Stablecoin：數字金融的新時代？

探索Ripple的Stablecoin野心，USDS的興起以及摩根大通對Stablecoin市場增長的謙虛前景。這是金融的未來嗎？

Ripple, USD, Stablecoin: A New Era of Digital Finance?

Ripple，USD，Stablecoin：數字金融的新時代？

The world of digital finance is buzzing with activity around Ripple's stablecoin ventures, the emergence of new players like Sky's USDS, and debates about the future growth of the stablecoin market. Let's dive into what's happening.

數字金融的世界正在嗡嗡作響，周圍是Ripple的Stablecoin Ventures，Sky's Usds等新玩家的出現以及有關Stablecoin市場未來增長的辯論。讓我們深入了解正在發生的事情。

Ripple's RLUSD: A Credibility Boost

Ripple的Rlusd：可信度提升

Ripple's dollar-pegged stablecoin, RLUSD, recently received a significant boost when Switzerland's AMINA Bank became the first bank to support it, offering custody and trading services to institutional clients. This news propelled RLUSD's trading volume and market cap, signaling growing confidence in Ripple's move into traditional finance.

瑞士的Amina銀行成為第一家支持它的銀行，向機構客戶提供監護權和貿易服務時，Rlusd的Dollar Pegggle pegggge stablecoin最近獲得了重大的推動力。這一消息推動了RLUSD的交易量和市值，這表明對Ripple進入傳統金融的信心越來越大。

The timing couldn't be better for Ripple. They've also applied for a national banking charter in the U.S., which, if approved, would allow them to operate nationwide without state-level hurdles and legally hold reserves for RLUSD under federal supervision. This puts them in competition with giants like Circle and Fidelity, all vying for banking licenses to comply with upcoming regulations.

對於波紋來說，時機再好不過了。他們還申請了美國的國家銀行憲章，如果獲得批准，他們將允許他們在全國范圍內在沒有州級障礙的情況下在全國范圍內運營，並在聯邦監督下合法地為RLUSD持有儲備。這使他們與Circle and Fidelity等巨頭競爭，所有這些都爭奪銀行許可證以遵守即將到來的法規。

USDS Enters the Fray: A Challenger to USDT and USDC

USDS進入Fray：USDT和USDC的挑戰者

Enter Sky's USDS stablecoin, a new contender aiming to shake up the stablecoin landscape. With Coinbase listing it, USDS is looking to steal market share from the established players like USDT and USDC. This arrival could enhance liquidity and provide businesses with more options for crypto payroll solutions. Sky is even offering incentives to early adopters, sweetening the deal.

輸入Sky的USDS Stablecoin，這是一個旨在動搖Stablecoin景觀的新競爭者。隨著Coinbase列出它，USDS希望從USDT和USDC等既定參與者中竊取市場份額。這種到達可以增強流動性，並為企業提供更多的加密工資解決方案的選擇。 Sky甚至向早期採用者提供激勵措施，使交易甜蜜。

USDS also boasts cross-chain capabilities, potentially making it more flexible across different blockchains. However, with increased flexibility comes complexity, and regulatory compliance remains a critical factor for anyone considering adopting USDS.

USD還具有跨鏈功能，有可能使其在不同的區塊鏈中更靈活。但是，隨著靈活性的提高，複雜性卻帶來了複雜性，而對於任何考慮採用USD的人來說，監管合規性仍然是關鍵因素。

JPMorgan's Sobering Outlook on Stablecoin Growth

摩根大通對Stablecoin增長的清醒前景

While excitement surrounds new stablecoin ventures, JPMorgan offers a more tempered view on the sector's future. They predict the stablecoin market will grow to $500 billion by 2028, but argue that crypto-native demand, rather than broader payment adoption, will remain the primary driver. They dismiss forecasts of exponential growth, suggesting that stablecoins won't necessarily replace traditional bank deposits or money market funds.

儘管興奮圍繞著新的Stablecoin Ventures，但摩根大通（JPMorgan）對該行業的未來提供了更加冷漠的看法。他們預測，到2028年，Stablecoin市場將增長到5000億美元，但認為加密本地需求而不是更廣泛的付款將是主要驅動力。他們駁回了指數增長的預測，這表明穩定幣不一定要取代傳統的銀行存款或貨幣市場資金。

JPMorgan emphasizes that stablecoins operate differently from centralized systems like China’s e-CNY, suggesting moderate, crypto-driven growth as the most realistic path forward.

摩根大通（JPMorgan）強調，穩定菌與中國E-CNY等集中式系統的運作方式不同，這表明中等，加密驅動的增長是最現實的途徑。

My Take: Cautious Optimism

我的看法：謹慎的樂觀

While the enthusiasm for Ripple's RLUSD and newcomers like USDS is palpable, it's essential to approach the stablecoin market with cautious optimism. AMINA Bank's support for RLUSD is a positive sign, indicating growing acceptance within traditional finance. However, regulatory hurdles and competition from established players remain significant challenges.

儘管對Rlusd的熱情和像USD這樣的新移民的熱情顯然是必不可少的，但要以謹慎的樂觀情緒來接近Stablecoin市場。 Amina Bank對RLUSD的支持是一個積極的信號，表明傳統財務的接受程度越來越大。但是，來自既定球員的監管障礙和競爭仍然是重大挑戰。

Moreover, JPMorgan's analysis highlights the importance of understanding the primary drivers of stablecoin demand. While broader payment adoption may be a long-term goal, crypto-native activity currently fuels the market. Therefore, stablecoin projects must focus on catering to the needs of crypto users while navigating the evolving regulatory landscape. As Standard Chartered suggests, US legislation could further legitimize the stablecoin industry.

此外，摩根大通的分析強調了了解穩定需求的主要驅動因素的重要性。儘管採用更廣泛的付款可能是一個長期目標，但加密本地活動目前為市場增添了推動。因此，Stablecoin項目必須專注於滿足加密使用者的需求，同時導航不斷發展的監管格局。正如《標準特許》所建議的那樣，美國立法可以進一步使穩定行業合法化。

The Future is Now-ish

未來是現在的

So, are we on the cusp of a stablecoin revolution? Maybe not quite yet. But with Ripple's ambitions, the emergence of new players like Sky, and ongoing debates about market growth, the world of digital finance is certainly getting more interesting. One thing's for sure: keep your eyes peeled, because this space is moving faster than a New York minute!

那麼，我們是否在穩定革命的風口浪尖上？也許還沒有。但是，憑藉Ripple的野心，Sky等新玩家的出現以及關於市場增長的持續辯論，數字金融世界肯定會變得越來越有趣。可以肯定的是：睜大眼睛，因為這個空間的移動速度比紐約分鐘快！