As Ripple focuses on its global financial role, the XRP Ledger is fighting against a large influx of fraudulent crypto projects. The relevant situation is as follows:
The influx of fraud projects: Institutions’ interest in the XRP ledger continues to grow, and the number of frauds exploiting this ecosystem is also increasing. On June 4, 2025, Panos Me Kras, the co-founder of Anodos Finance, a leading decentralized finance platform built on the XRP ledger, expressed concerns about the spread of fraudulent projects riding on the growing popularity of blockchain networks. He warned that many of these projects issue tokens and conduct presale without any functional products or feasible roadmaps. These enterprises based on XRP ledgers offer little substance beyond flashy websites, vague promises and aggressive marketing strategies.
Ripple’s Global Financial Vision: Despite these risks, Ripple’s Chief Technology Officer, David Schwartz, outlined the long-term vision of the XRP ledger as the global financial base layer. He hopes that in the coming years, the XRP ledger will be able to provide most of the financial services people need in their daily lives, ranging from payments to investments and loans. He explained that XRP would occupy a core position in payment, liquidity, trading and settlement in this ecosystem.
Meanwhile, Ripple is actively expanding its business globally, especially making remarkable progress in the Middle East. For instance, XRP Ledger was selected as the underlying blockchain network for the Dubai real estate blockchain tokenization project, demonstrating its development achievements in government-enterprise cooperation, cross-border settlement and stablecoin infrastructure. Furthermore, Ripple is also promoting the stablecoin ecosystem on its own network. For instance, SG-FORGE will launch EURCV pegged to the euro on XRPL in 2025, and Braza Group will also introduce BBRL, a stablecoin pegged to the Brazilian real, on XRPL.
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