Summary

XRP is the native digital asset of the XRP Ledger, a public blockchain designed for fast settlement, low-cost transactions, value transfer, token issuance, and payment-focused financial applications. XRP is often associated with cross-border payments because it can function as a bridge asset between different currencies and markets.

XRP should not be confused with Ripple. XRP is the asset, XRP Ledger is the blockchain network, and Ripple is a company that builds payment and financial infrastructure products around digital assets and blockchain technology. This distinction matters because XRP’s market narrative is shaped by all three layers: the open-source ledger, the asset’s payment utility, and Ripple’s enterprise payment strategy.

For Cryptothreads, XRP should be understood as a payment-focused bridge asset and a major regulatory case study in crypto. Its long-term relevance depends on whether XRP Ledger can sustain real payment, liquidity, tokenization, and settlement use cases beyond speculative trading.

What Is XRP?

XRP is a digital asset native to the XRP Ledger. It is used to transfer value, pay transaction costs, support liquidity between assets, and interact with applications built on XRPL.

Unlike Bitcoin, XRP is not mined. Unlike Ethereum, XRP is not primarily designed as a general-purpose smart contract settlement layer. XRP’s core positioning is closer to fast settlement, payments, liquidity bridging, and value transfer.

XRPL.org describes XRP as a digital asset native to the XRP Ledger, created specifically for payments, with settlement typically occurring in 3–5 seconds.

XRP as the Native Asset of the XRP Ledger

XRP is the native asset of the XRP Ledger, meaning it is built directly into the protocol rather than issued as a token by a smart contract.

On XRPL, XRP can be used to send value, pay transaction costs, and act as a bridge between different assets. This native role gives XRP a different profile from issued tokens, stablecoins, or assets deployed on another blockchain.

XRP’s design focuses on speed, low cost, and payment usability. XRPL.org describes the XRP Ledger as a decentralized public blockchain built for business, maintained by a global community of software engineers, server operators, users, and businesses.

XRP, XRP Ledger, and Ripple Are Not the Same

A correct XRP entity page must separate three different entities:

XRP = the native digital asset

XRP Ledger / XRPL = the public blockchain network

Ripple = the company building payment and financial infrastructure products

Ripple has played a major role in XRP’s market narrative, ecosystem development, and institutional payment positioning. However, XRP itself is not the same thing as Ripple, and the XRP Ledger is not simply a private company database.

This distinction is important for SEO, GEO, and factual accuracy. If the article treats “Ripple” and “XRP” as interchangeable, it creates entity confusion.

XRP as a Payment and Settlement Asset

XRP’s most important narrative is payments.

It is designed to move value quickly, with low transaction costs and short settlement times. This makes XRP relevant to use cases such as cross-border payments, currency conversion, remittances, liquidity bridging, and exchange inventory movement.

Ripple’s own materials describe XRP and other digital assets as bridge currencies in Ripple Payments, helping connect currencies and support faster cross-border settlement.

Why XRP Matters in Crypto

XRP matters because it represents a different branch of crypto infrastructure.

Bitcoin is mainly understood as a monetary asset. Ethereum is mainly understood as a decentralized smart contract and settlement layer. XRP is best understood as a payment and liquidity bridge asset tied to XRPL and institutional settlement narratives.

Its importance comes from four layers:

• payment utility
• bridge liquidity
• regulatory history
• institutional settlement narrative

XRP as a Cross-Border Payments Asset

XRP is one of the earliest major crypto assets associated with cross-border payments.

Traditional cross-border payments often involve correspondent banks, pre-funded accounts, slow settlement times, limited transparency, and multiple intermediaries. XRP’s narrative is built around reducing settlement friction by using digital assets and blockchain-based rails.

Ripple describes traditional cross-border payments as slow, expensive, and dependent on intermediaries, while positioning Ripple Payments as a system that can use digital assets such as XRP and stablecoins to improve speed, transparency, and cost efficiency.

This does not mean XRP has already replaced traditional payment rails. It means XRP’s core market narrative is tied to the possibility of faster, more efficient settlement infrastructure.

XRP as a Bridge Liquidity Asset

A bridge asset is used to connect two different currencies or markets.

In a cross-border payment flow, a bridge asset can theoretically reduce the need for pre-funded accounts in multiple currencies. Instead of holding local currency balances across many jurisdictions, payment providers may use a liquid digital asset to move value between currencies.

XRP’s usefulness as a bridge asset depends on liquidity. Without sufficient market depth, exchange access, compliance infrastructure, and reliable payment corridors, bridge asset utility becomes less effective.

This is why XRP should not be analyzed only as a token. It should be analyzed as part of a liquidity system.

XRP as a Regulatory Case Study

XRP is also one of the most important regulatory case studies in crypto.

The SEC’s lawsuit against Ripple became a major reference point for how U.S. courts and regulators might distinguish between different types of token sales. Reuters summarized the case outcome by noting that institutional sales were treated differently from public exchange sales, while the final outcome left a $125 million penalty and injunction in place.

This matters for the broader crypto industry because XRP became a test case for how token distribution, institutional sales, exchange trading, and securities law can interact.

XRP as an Institutional Settlement Narrative

XRP’s institutional narrative is tied to banks, fintech companies, payment providers, treasury flows, remittances, and liquidity management.

However, this narrative should be handled carefully. Not every Ripple customer necessarily uses XRP in every payment flow. Product adoption and token demand are related but not identical.

A strong XRP article should separate:

Ripple product adoption

XRPL network activity

XRP token demand

speculative market demand

This distinction keeps the article neutral and avoids overstating XRP adoption.

How XRP Works

XRP works through the XRP Ledger, which uses a consensus protocol rather than proof-of-work mining or Ethereum-style proof-of-stake.

Transactions are proposed, validated, and confirmed through a network of servers and validators. The system is designed for fast settlement, predictable transaction costs, and resistance to spam.

XRP Ledger Consensus

The XRP Ledger does not use mining.

Instead, it uses a consensus process where validators agree on the order and outcome of transactions. XRPL.org explains that validators come to agreement every three to five seconds, and all servers process transactions according to the same rules.

This gives XRP Ledger a different profile from Bitcoin.

Bitcoin prioritizes proof-of-work security and monetary decentralization. XRP Ledger prioritizes fast settlement and payment efficiency through validator-based consensus.

Unique Node List and Validators

A Unique Node List, or UNL, is a list of validators that a server trusts not to collude.

Every XRP Ledger server can configure its own UNL. During consensus, the server listens to its trusted validators and uses their proposals to determine which transactions should be included in the validated ledger.

XRPL documentation explains that if fewer than 20% of trusted validators are faulty, consensus can continue, while confirming an invalid transaction would require more than 80% of trusted validators to collude.

This design creates both advantages and trade-offs.

It supports fast settlement, but it also raises questions about trust topology, validator independence, and the influence of validator list publishers.

XRP Transactions and Settlement

A transaction on XRP Ledger becomes final when it is included in a validated ledger.

This is important because applications should rely on validated ledger results, not temporary or provisional transaction states. Once a transaction is validated, it is part of the shared ledger state.

XRP’s short settlement cycle is one reason it is often discussed in payment contexts. Fast confirmation can be useful for payment providers, exchanges, and liquidity systems that need reliable finality within seconds.

XRP Fees and Anti-Spam Design

Every XRP Ledger transaction destroys a small amount of XRP as a transaction cost. This fee is not paid to validators. It is permanently destroyed.

XRPL documentation explains that transaction costs protect the network from spam and denial-of-service attacks, and the minimum standard transaction cost is typically 0.00001 XRP, though it can increase when network load is higher.

This fee design is different from Bitcoin miner fees or Ethereum gas fees. In XRP Ledger, the transaction cost functions primarily as an anti-spam mechanism.

XRP Ledger Ecosystem

The XRP Ledger ecosystem is broader than simple XRP transfers.

It includes payments, issued assets, decentralized exchange functionality, automated market makers, escrow features, and tokenization use cases.

Payments and Value Transfer

Payments are the core use case of XRP Ledger.

XRP can be sent directly between accounts, while XRPL also supports more complex payment types involving issued assets and currency conversion. This makes XRPL relevant to both simple transfers and payment infrastructure.

The payment-focused design is one of the main reasons XRP remains distinct from many smart contract platform tokens.

Decentralized Exchange on XRPL

XRP Ledger includes a native decentralized exchange.

This means asset exchange functionality is built into the ledger itself rather than only existing through external smart contracts. Users can trade XRP and issued assets through XRPL’s decentralized exchange infrastructure.

This matters because liquidity is central to XRP’s bridge asset thesis. A payment-focused asset needs reliable liquidity venues to support conversion between different assets.

XRPL Automated Market Maker

The XRP Ledger also supports automated market makers.

XRPL documentation describes AMMs as liquidity pools in the XRP Ledger’s decentralized exchange. Each AMM holds a pool of two assets and allows users to swap between them using a mathematical pricing formula. Liquidity providers receive LP tokens and can vote on AMM fee settings.

AMMs are important because they can improve on-ledger liquidity. For XRP, deeper liquidity can strengthen its role as a bridge asset and trading pair.

Tokens, Issued Assets, and Stablecoins on XRPL

XRPL supports assets beyond XRP.

These can include fungible tokens, NFTs, issued assets, and stablecoins. XRPL documentation states that all assets other than XRP can be represented as tokens on the XRP Ledger, including fiat-backed stablecoins and other digital assets.

This means XRPL can support tokenization and stablecoin use cases without requiring the same smart contract model used by Ethereum.

However, issued assets involve issuer trust. For fiat-backed stablecoins, the token’s value depends on the issuer’s ability and willingness to redeem the token for the corresponding off-chain asset.

Escrow and Payment Conditions

XRP Ledger also supports escrow functionality.

Escrow allows XRP or fungible tokens to be locked until certain conditions are met. XRPL documentation describes time-based escrow, conditional escrow, and combination escrow as built-in mechanisms for holding funds until release conditions are satisfied.

Escrow matters for two reasons.

First, it enables conditional payment flows. Second, Ripple’s XRP escrow has become a major part of XRP’s supply and market perception narrative.

XRP Token Utility

XRP’s utility comes from its role inside XRP Ledger and payment-related liquidity systems.

It is not primarily a staking asset. It is not mainly a smart contract gas token. Its strongest utility layer is value transfer, bridge liquidity, transaction cost payment, and liquidity support inside XRPL.

Native Asset for XRPL Transactions

XRP is the native asset used for transactions on XRP Ledger.

Users need XRP to pay transaction costs, maintain certain account reserves, and move native value across the network. Because XRP is native to the ledger, it does not depend on an issuer or smart contract deployment.

This gives XRP a base-layer role within XRPL.

Bridge Currency for Cross-Border Payments

XRP can function as a bridge currency in payment flows.

Ripple describes XRP and other digital assets used in Ripple Payments as bridge currencies for last-mile fiat payouts, with blockchain technology enabling faster transaction settlement.

This is one of XRP’s most important use cases, but it should not be overstated. Bridge currency utility requires sufficient liquidity, compliant infrastructure, fiat on/off ramps, and payment corridor support.

Liquidity Asset in Payment Corridors

For XRP to work as a liquidity bridge, it needs depth in relevant markets.

A payment corridor involves moving value between two currencies or regions. If XRP liquidity is deep enough on both sides, XRP can help connect those markets. If liquidity is shallow, spreads and execution risk can reduce the usefulness of the bridge.

This is why XRP’s real utility depends heavily on market structure.

Transaction Fees and Network Spam Protection

XRP is used to pay transaction costs on XRPL.

Unlike many blockchain networks, these transaction costs are destroyed rather than paid to miners or validators. This design helps protect the ledger from spam and unnecessary load.

This gives XRP a small but important protocol-level utility.

XRPL DeFi and Token Ecosystem Utility

XRP also has utility inside XRPL’s decentralized exchange and AMM ecosystem.

It can be used in trading pairs, liquidity pools, cross-asset swaps, and issued asset markets. As XRPL’s token ecosystem develops, XRP may continue to function as a base liquidity asset.

However, this depends on actual activity, not only technical capability.

XRP Tokenomics, Supply, and Escrow

XRP tokenomics are shaped by fixed supply, transaction fee burns, and Ripple-related escrow dynamics.

Unlike proof-of-work assets, XRP does not rely on mining issuance. Unlike proof-of-stake assets, it does not use staking rewards as a native issuance mechanism.

XRP Fixed Supply

XRP has a fixed maximum supply.

All XRP was created at the beginning of the ledger’s history, and no additional XRP is mined through proof-of-work. This creates a different supply model from Bitcoin, where new BTC is issued through block rewards until the maximum supply is reached.

XRP’s fixed supply is one of the reasons its market narrative often focuses on circulation, escrow, and Ripple holdings rather than mining issuance.

Ripple Escrow and Scheduled Releases

A major part of XRP’s supply narrative is Ripple’s escrow.

Ripple has historically held a large amount of XRP in escrow, with scheduled releases. This mechanism was designed to make supply releases more predictable, but it also creates market concern around supply overhang and Ripple’s influence.

For an entity page, the key point is not to speculate about future sales. The key point is to explain why escrow affects market perception.

How Escrow Affects Market Perception

Escrow can be interpreted in two ways.

On one hand, scheduled escrow can create transparency and predictability. Market participants can monitor release schedules and re-escrow behavior.

On the other hand, large escrow holdings can create concern about supply pressure, issuer influence, and dependency on Ripple-related decisions.

This is why XRP’s tokenomics should not be analyzed only through fixed supply. Escrow and distribution matter.

XRP Fee Burn and Long-Term Supply Reduction

XRP transaction costs are destroyed, which gradually reduces supply over time.

However, transaction fee burns should not be treated as a strong investment thesis by themselves. The amount burned through normal transaction activity is usually more relevant as an anti-spam mechanism than as a major supply-reduction engine.

The more important question is whether XRP Ledger generates meaningful usage.

XRP and Market Structure

XRP’s role in market structure is shaped by liquidity, payment corridors, exchange access, regulatory clarity, and retail demand.

It is not enough to ask whether XRP is fast. The deeper question is whether XRP can support real payment and liquidity flows at scale.

XRP as a Liquidity Bridge

XRP’s bridge asset thesis depends on liquidity.

A bridge asset must be liquid enough to move value between currencies without excessive slippage, spreads, or execution risk. XRP’s potential value in payment infrastructure depends on whether it can provide useful liquidity in real corridors.

This makes XRP different from a simple payment token. It is better understood as a liquidity instrument.

XRP and Institutional Payment Flows

XRP’s institutional narrative is connected to payment providers, fintechs, remittance companies, banks, and corporate treasury flows.

Ripple Payments is one of the most visible examples of enterprise payment infrastructure using blockchain and digital assets. Ripple states that its payment system can use XRP and other digital assets for cross-border settlement and bridge liquidity.

However, token demand should not be assumed from enterprise branding alone. The key question is whether XRP is actually used in payment flows and whether that usage creates sustained market demand.

XRP and Regulatory Clarity Premium

The SEC v. Ripple case shaped XRP’s market perception for years.

After years of litigation, Reuters reported in August 2025 that the SEC ended its lawsuit against Ripple, with the $125 million fine and injunction remaining in effect. The article also noted the earlier distinction between institutional sales and public exchange sales.

This may give XRP a different regulatory perception from some assets that remain under unresolved legal uncertainty. However, regulatory clarity is not the same as regulatory immunity. Jurisdictions differ, and future rules can still affect liquidity, listings, institutional usage, and payment adoption.

XRP’s Role in Exchange Liquidity and Retail Markets

XRP has one of the strongest retail communities in crypto.

It is widely traded, widely recognized, and often reacts sharply to regulatory headlines, Ripple-related developments, and broader altcoin cycles.

This retail liquidity is useful, but it also means XRP’s market behavior can be driven by speculation rather than payment utility. Analysts should separate price momentum from real network usage.

Payment Utility vs Speculative Demand

This is one of the most important distinctions for XRP.

XRP can have payment utility and speculative demand at the same time. But those are not the same thing.

Payment utility = XRP used to settle value or bridge liquidity

Speculative demand = XRP bought because traders expect price movement

A credible XRP analysis should not confuse the two. Long-term utility depends on actual payment, liquidity, and XRPL ecosystem usage.

XRP Compared With Bitcoin, Ethereum, Stellar, and Stablecoins

XRP is often compared with other major crypto assets, but its role is different.

It is not digital gold like Bitcoin. It is not a general-purpose smart contract settlement layer like Ethereum. It is not a price-stable dollar instrument like USDT or USDC. It is not identical to Stellar, even though both are payment-oriented networks.

XRP vs Bitcoin

Bitcoin is primarily positioned as a monetary asset and store of value. It uses proof-of-work, has a fixed monetary policy, and is often analyzed through scarcity, security, mining economics, and macro liquidity.

XRP is positioned around payments, settlement speed, and liquidity bridging.

Bitcoin = monetary asset / store of value

XRP = payment and settlement asset

Bitcoin’s strength is monetary credibility and decentralization through proof-of-work. XRP’s strength is speed, low transaction cost, and payment-focused design.

XRP vs Ethereum

Ethereum is a general-purpose smart contract settlement layer. It supports DeFi, NFTs, rollups, stablecoins, tokenization, and a broad developer ecosystem.

XRP Ledger is more payment-focused. It supports tokens, DEX functionality, AMMs, and issued assets, but it is not positioned the same way as Ethereum.

Ethereum = smart contract settlement layer

XRP = payment-focused settlement and bridge asset

Ethereum’s strength is application depth. XRP’s strength is payment efficiency and liquidity bridging.

XRP vs Stellar

XRP and Stellar are often compared because both are payment-oriented networks.

Stellar is commonly associated with financial inclusion, asset issuance, remittances, and low-cost transfers. XRP is more strongly associated with Ripple’s enterprise payment narrative, liquidity bridging, and institutional settlement.

Stellar = payment network with financial inclusion and asset issuance focus

XRP = bridge liquidity asset tied to XRPL and institutional payment narratives

The two overlap, but they are not identical.

XRP vs Stablecoins

Stablecoins and XRP can both be used in payments, but they solve different problems.

Stablecoins are designed to maintain a stable value, usually against the U.S. dollar. XRP is a volatile digital asset that may be used as a bridge between currencies.

Stablecoins = price-stable settlement instruments

XRP = volatile bridge liquidity asset

Stablecoins may be better for holding dollar value. XRP may be useful when a payment flow needs bridge liquidity between different currencies or assets.

The two can compete or complement each other depending on payment design.

Where XRP Fits in the Crypto Asset Landscape

XRP fits best as a payment-focused bridge asset.

It is not primarily a store-of-value asset like Bitcoin. It is not primarily a broad smart contract settlement layer like Ethereum. It is not a stable dollar instrument like USDT or USDC.

XRP’s place in the crypto system is:

fast settlement + bridge liquidity + payment infrastructure + regulatory case study

Key Risks of XRP

XRP has real use cases, but it also carries important risks.

A strong XRP entity page should explain those risks clearly instead of writing like a promotional article.

Regulatory Risk

The SEC case may be over, but regulatory risk has not disappeared.

Different jurisdictions may treat XRP, Ripple products, token sales, and digital asset payment flows differently. Institutional usage also depends on compliance, licensing, custody rules, exchange access, and payment regulations.

The SEC case remains important because the final outcome preserved a $125 million penalty and injunction, while the broader legal distinction between types of XRP sales continues to shape market interpretation.

Ripple Dependency Risk

Ripple is not the same as XRP, but Ripple has major influence on the XRP ecosystem.

Ripple contributes to ecosystem development, payment infrastructure, enterprise relationships, and market narrative. It also has XRP holdings and historical escrow-related influence.

This creates a dependency risk. XRP’s market perception can be affected by Ripple news, Ripple product adoption, Ripple legal issues, and Ripple’s institutional strategy.

Escrow and Supply Perception Risk

Ripple-related escrow creates supply perception risk.

Even if escrow makes releases more predictable, the market may still worry about supply overhang, potential sales, and Ripple’s influence over circulating supply.

For XRP, supply perception can matter almost as much as supply mechanics.

Adoption Risk

Cross-border payments are a large market, but they are difficult to change.

Payment infrastructure requires compliance, banking relationships, liquidity, local rails, FX pricing, customer trust, and regulatory approval. Even if XRP is technically capable, adoption depends on business and institutional integration.

Ripple customer adoption does not automatically equal XRP token demand in every case.

Competition From Stablecoins and CBDCs

Stablecoins are one of XRP’s most important competitive pressures.

USDT, USDC, regulated stablecoins, tokenized deposits, bank settlement networks, and potential CBDCs can all compete in payment and settlement flows.

If stablecoins become the dominant settlement rail for digital dollars, XRP must prove where a volatile bridge asset still has an advantage.

Decentralization and Validator Trust Risk

XRP Ledger’s consensus model is different from proof-of-work and proof-of-stake.

The UNL model supports fast settlement, but it also creates questions around validator selection, trust assumptions, and the influence of validator list publishers.

This does not mean XRPL is centralized in the same way as a private database. It means its decentralization model has different trade-offs from Bitcoin or Ethereum.

Speculation vs Utility Risk

XRP has a large and active retail community.

That can support liquidity and awareness, but it can also make the asset sensitive to hype, legal headlines, and speculative narratives. If speculative demand moves faster than real utility, XRP may become disconnected from its actual payment and network usage.

A serious analysis should track both market behavior and real utility metrics.

Related Topics

XRP should connect to several topic hubs inside Cryptothreads.

Core Topic Links

Recommended internal links:

• Cross-Border Payments
• Crypto Regulation
• Institutional Settlement
• Stablecoins
• Tokenization
• Decentralized Exchange
• Payment Infrastructure
• Liquidity
• Real-World Assets
• CBDCs

Why These Topics Are Related to XRP

XRP relates to cross-border payments because payment settlement is its core narrative. It relates to crypto regulation because SEC v. Ripple became one of the most important legal cases in crypto. It relates to stablecoins because stablecoins compete directly in payment settlement. It relates to tokenization because XRPL supports issued assets. It relates to decentralized exchanges and AMMs because XRPL includes native liquidity infrastructure.

These links help XRP function as an entity reference page, not a standalone coin profile.

Related Coins

XRP should also connect to other coin entities in the Cryptothreads knowledge graph.

Payment and Settlement Comparables

Recommended related coins:

• Stellar / XLM
• Tron / TRX
• USDT
• USDC

Major Asset Comparables

Recommended related coins:

• Bitcoin
• Ethereum
• Solana

Regulation and Institutional Market Comparables

Recommended related coins:

• BNB
• USDC
• Ethereum

Why These Coins Are Related to XRP

XRP relates to Stellar because both are payment-oriented networks. It relates to USDT and USDC because stablecoins compete in settlement and payments. It relates to Tron because Tron has become important for stablecoin transfers. It relates to Bitcoin and Ethereum because they represent different major crypto asset categories. It relates to BNB because both assets have strong regulatory and institutional perception layers.

Final Summary

XRP is a payment-focused digital asset native to the XRP Ledger. Its role is built around fast settlement, bridge liquidity, cross-border payments, decentralized exchange liquidity, issued assets, and institutional settlement narratives.

The strongest way to understand XRP is not as “Ripple coin” or as a simple payment token. It is better understood through three connected layers:

XRP = native bridge asset

XRP Ledger = payment-focused public blockchain

Ripple = enterprise payment infrastructure company

XRP’s opportunity lies in liquidity bridging, payment infrastructure, and XRPL ecosystem development. Its risks lie in regulation, Ripple dependency, escrow perception, competition from stablecoins, and the gap between speculative demand and real payment utility.

For Cryptothreads, XRP should be treated as a cross-border payment and settlement entity, and one of the most important case studies for how crypto assets interact with institutional finance, payment rails, and regulatory classification.

Sources Used for This Article

1. XRP Overview — XRPL.org
    https://xrpl.org/about/xrp
2. XRPL Overview — XRPL.org
    https://xrpl.org/about
3. Consensus Protocol — XRPL.org
    https://xrpl.org/consensus.html
4. Unique Node List (UNL) — XRPL.org
    https://xrpl.org/docs/concepts/consensus-protocol/unl
5. Transaction Cost — XRPL.org
    https://xrpl.org/docs/concepts/transactions/transaction-cost
6. Automated Market Makers — XRPL.org
   https://xrpl.org/docs/concepts/tokens/decentralized-exchange/automated-market-makers
7. Tokens — XRPL.org
    https://xrpl.org/es-es/docs/concepts/tokens
8. Stablecoin Issuer — XRPL.org
    https://xrpl.org/docs/use-cases/tokenization/stablecoin-issuer/
9. Escrow — XRPL.org
    https://xrpl.org/docs/concepts/payment-types/escrow/
10. How Ripple Utilizes XRP for Cross-Border Payments — Ripple
     https://ripple.com/insights/how-ripple-utilizes-xrp-for-cross-border-payments/
11. SEC ends lawsuit against Ripple, company to pay $125 million fine — Reuters
    https://www.reuters.com/legal/government/sec-ends-lawsuit-against-ripple-company-pay-125-million-fine-2025-08-08/