RLUSD与XRP：Ripple的Stablecoin是失败的迹象吗？

Bitgo首席执行官认为，RLUSD的发射信号XRP作为桥梁货币的失败，引发了有关跨境付款和Ripple的未来的Stablecoins与令牌的辩论。

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与XRP作为桥梁货币的旅程遇到了障碍，或者是Bitgo首席执行官Mike Belshe。他的论点？ Ripple的Rlusd Stablecoin的发射是录取XRP的最初目的已步履蹒跚。让我们深入研究这场多汁的辩论。

The RLUSD Argument: A Bridge Too Far for XRP?

RLUSD参数：XRP太远的桥梁？

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在美国银行家的2025年数字银行会议上没有嘲笑言语。他说，Ripple十年来XRP成为首选桥梁货币的梦想尚未实现。 Rlusd是一笔成本的Stablecoin，现在被视为潜在的替代品。 Belshe强调：“美元的稳定币会更好。”他批评了XRP的两步转换过程，突出了稳定的跨境交易的效率和简单性。

Ripple's Rebuttal: XRP and RLUSD Can Coexist

Ripple的反驳：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说，还不太快。首席技术官David Schwartz向所有人保证，XRP不会去任何地方。取而代之的是，它将与 * rlusd一起使用，处理非美元对之间的路径找到和流动性。 Crypto Eri是Ripple社区中著名的声音，对这种情绪表示赞同，强调了在连锁空间中需要更多发展的需求，包括Spot ETF，XRPFI和创新的国库策略。

Stablecoins vs. XRP: The Great Debate

Stablecoins与XRP：伟大的辩论

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的批评集中在稳定的效率上。他设想他们成为世界上的“轨道”，像XRP这样的代币。他的论点是，Stablecoins为付款提供了更简单，更直接的解决方案。美国银行在推出一美元的稳定股中的潜在兴趣进一步验证了这一趋势。

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.

在此传奇中添加另一层是XRP Spot ETF的潜力。彭博分析师给它的批准可能性高达95％。 XRP ETF可以发送令牌飞涨，但贝莱德对此事的沉默是值得注意的。假的iShares XRP-Spot ETF备案甚至引起了泵和雨的集会，这表明有些谨慎。

Legal Limbo and Price Outlook

法定的障碍和价格前景

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与Ripple Case继续迫在眉睫。投资者急切地等待托雷斯法官对拟议的和解条款的裁决。结果无疑会影响XRP的价格轨迹。尽管有法律不确定性，但Polymarket仍将2025 XRP SPOT ETF批准的几率降低了88％。

My Two Sats

我的两个坐着

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.

尽管Belshe为Stablecoins提供了令人信服的案例，但我认为完全注销XRP还为时过早。生态系统正在发展，与XRP相关的金融产品的潜力很大。另外，让我们真实地，与SEC的法律斗争无济于事。我认为XRP和RLUSD都可以在加密世界中找到一个位置。 XRP可以将实用程序作为较少的流动货币之间的桥梁，而RLUSD可用于一般跨境支付。

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!

那么，RLUSD是XRP失败的迹象吗？或许。但更有可能，这是加密景观不断发展的标志。谁知道，也许我们都会有一天会用XRP或RLUSD在农贸市场上敲击我们的手机。只有时间会证明！