Confusion Reigns as ‘XRP’ Token Dupes the XRP Community!

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In a most bewildering turn of events, a token bearing the illustrious name “XRP” has surfaced on the XRP Ledger, much to the astonishment of the community. One might say it’s akin to finding a cat in a dog show-entertaining, yet completely out of place.

As fate would have it, a diligent XRP Ledger validator known as Vet, perhaps channeling his inner detective, shared a screenshot that showcased this token, complete with its rather verbose code: 5852500000000000000000000000000000000000. It rolls off the tongue quite nicely, does it not?

Vet, ever the sage, enlightened us on the peculiarities of this situation. According to him, the currency code “XRP,” much like a stubborn old man refusing to change his ways, is forbidden from being used for issued assets because, lo and behold, there exists but one true XRP asset-the holy grail of the XRP Ledger.

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Yet, in a curious twist, the hex currency code 5852500000000000000000000000000000000000, translating to our dear “XRP,” was nevertheless issued-because why not? It seems the rules are merely suggestions these days.

Vet, with a hint of exasperation, declared the token to be nothing more than an imposter. The genuine article, he notes, is not issued by any issuer and, miraculously, requires no trustline. Truly, XRP is the only asset that enjoys such freedom; it’s the rebellious teenager of the crypto world, holding its head high while others ask for permission.

Furthermore, XRP comes with a fixed maximum supply of 100 billion tokens-yes, all minted back in 2012. Think of it as a vintage wine; it only gets better with age, or at least that’s what they want you to believe.

Ripple Secures New Partnerships

In other news, Ripple has decided to don its finest attire and announce a partnership with Aviva Investors, the esteemed global asset management giant. Together, they aim to tokenize traditional fund structures. One can only hope they bring snacks to the meetings.

This collaboration marks Ripple’s first tango with an investment management business hailing from Europe, a noteworthy endeavor considering its previous escapades with financial institutions in far-flung locales.

Moreover, Ripple recently disclosed its plans to extend its payments partnership with UAE bank Zand, embarking on a journey filled with potential initiatives. These range from supporting Ripple’s RLUSD stablecoin within Zand’s regulated digital asset custody to facilitating liquidity solutions between RLUSD and Zand’s own AED-denominated stablecoin, AEDZ. Ah, the delights of modern finance-like a buffet, there’s something for everyone!

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2026-02-11 15:40