RLUSD與XRP：Ripple的Stablecoin是失敗的跡象嗎？

Bitgo首席執行官認為，RLUSD的發射信號XRP作為橋樑貨幣的失敗，引發了有關跨境付款和Ripple的未來的Stablecoins與令牌的辯論。

Ripple's journey with XRP as a bridge currency has hit a snag, or so claims BitGo CEO Mike Belshe. His argument? The launch of Ripple's RLUSD stablecoin is an admission that XRP's original purpose has faltered. Let's dive into this juicy debate.

Ripple與XRP作為橋樑貨幣的旅程遇到了障礙，或者是Bitgo首席執行官Mike Belshe。他的論點？ Ripple的Rlusd Stablecoin的發射是錄取XRP的最初目的已步履蹣跚。讓我們深入研究這場多汁的辯論。

The RLUSD Argument: A Bridge Too Far for XRP?

RLUSD參數：XRP太遠的橋樑？

Belshe didn't mince words at the American Banker's Digital Banking 2025 conference. He stated that Ripple's decade-long dream of XRP becoming the go-to bridge currency hasn't materialized. RLUSD, a dollar-backed stablecoin, is now seen as the potential replacement. Belshe emphasized, "USD stablecoins are just better." He criticized XRP's two-step conversion process, highlighting the efficiency and simplicity of stablecoins for cross-border transactions.

Belshe在美國銀行家的2025年數​​字銀行會議上沒有嘲笑言語。他說，Ripple十年來XRP成為首選橋樑貨幣的夢想尚未實現。 Rlusd是一筆成本的Stablecoin，現在被視為潛在的替代品。 Belshe強調：“美元的穩定幣會更好。”他批評了XRP的兩步轉換過程，突出了穩定的跨境交易的效率和簡單性。

Ripple's Rebuttal: XRP and RLUSD Can Coexist

Ripple的反駁：XRP和RLUSD可以共存

Not so fast, says Ripple. CTO David Schwartz assured everyone that XRP isn't going anywhere. Instead, it will work *with* RLUSD, handling path-finding and liquidity between non-dollar pairs. Crypto Eri, a prominent voice in the Ripple community, echoed this sentiment, emphasizing the need for more developments in the Ripple space, including spot ETFs, XRPFi, and innovative treasury strategies.

Ripple說，還不太快。首席技術官David Schwartz向所有人保證，XRP不會去任何地方。取而代之的是，它將與 * rlusd一起使用，處理非美元對之間的路徑找到和流動性。 Crypto Eri是Ripple社區中著名的聲音，對這種情緒表示贊同，強調了在連鎖空間中需要更多發展的需求，包括Spot ETF，XRPFI和創新的國庫策略。

Stablecoins vs. XRP: The Great Debate

Stablecoins與XRP：偉大的辯論

Belshe's critique centers around the efficiency of stablecoins. He envisions them becoming the "rails across the world," outpacing tokens like XRP. His argument is that stablecoins offer a simpler, more direct solution for payments. Bank of America's potential interest in launching a dollar-backed stablecoin further validates this trend.

Belshe的批評集中在穩定的效率上。他設想他們成為世界上的“軌道”，像XRP這樣的​​代幣。他的論點是，Stablecoins為付款提供了更簡單，更直接的解決方案。美國銀行在推出一美元的穩定股中的潛在興趣進一步驗證了這一趨勢。

The XRP ETF Factor

XRP ETF因子

Adding another layer to this saga is the potential for an XRP spot ETF. Bloomberg analysts give it a whopping 95% approval likelihood. An XRP ETF could send the token soaring, but BlackRock's silence on the matter is notable. A fake iShares XRP-spot ETF filing even caused a pump-and-dump rally, suggesting some caution is warranted.

在此傳奇中添加另一層是XRP Spot ETF的潛力。彭博分析師給它的批准可能性高達95％。 XRP ETF可以發送令牌飛漲，但貝萊德對此事的沉默是值得注意的。假的iShares XRP-Spot ETF備案甚至引起了泵和雨的集會，這表明有些謹慎。

Legal Limbo and Price Outlook

法定的障礙和價格前景

The SEC vs. Ripple case continues to loom large. Investors are eagerly awaiting Judge Torres' ruling on the proposed settlement terms. The outcome will undoubtedly impact XRP's price trajectory. Despite the legal uncertainty, Polymarket puts the odds of a 2025 XRP-spot ETF approval at 88%.

SEC與Ripple Case繼續迫在眉睫。投資者急切地等待托雷斯法官對擬議的和解條款的裁決。結果無疑會影響XRP的價格軌跡。儘管有法律不確定性，但Polymarket仍將2025 XRP SPOT ETF批准的機率降低了88％。

My Two Sats

我的兩個坐著

While Belshe makes a compelling case for stablecoins, I think it's premature to write off XRP entirely. The ecosystem is evolving, and the potential for XRP-related financial products is huge. Also, let's be real, the legal battle with the SEC is not helping. I think XRP and RLUSD can both find a place in the crypto world. XRP can offer utility as a bridge between less liquid currencies and RLUSD can be used for general cross border payments.

儘管Belshe為Stablecoins提供了令人信服的案例，但我認為完全註銷XRP還為時過早。生態系統正在發展，與XRP相關的金融產品的潛力很大。另外，讓我們真實地，與SEC的法律鬥爭無濟於事。我認為XRP和RLUSD都可以在加密世界中找到一個位置。 XRP可以將實用程序作為較少的流動貨幣之間的橋樑，而RLUSD可用於一般跨境支付。

So, is RLUSD a sign of XRP's failure? Maybe. But more likely, it's a sign of the crypto landscape evolving. And who knows, maybe we'll all be tapping our phones at farmers' markets with XRP or RLUSD someday. Only time will tell!

那麼，RLUSD是XRP失敗的跡象嗎？或許。但更有可能，這是加密景觀不斷發展的標誌。誰知道，也許我們都會有一天會用XRP或RLUSD在農貿市場上敲擊我們的手機。只有時間會證明！