The total supply of XRP is 100 billion. As of now, the circulating supply stands at 52,914,193,55 XRP. This cryptocurrency primarily functions within the Ripple payment network and is designed with businesses in mind. Its primary goal is to facilitate swift and seamless cross-border transactions. Breaking down the distribution of XRP:
- The founders of XRP retained 20%. Chris Larsen and Jed McCaleb were allocated 9.5 billion XRP each, while Arthur Britto received 1 billion XRP. - 77.8% was set aside for Ripple.
- In an effort to boost its use during its initial launch, 0.2% of XRP was airdropped as an experiment. The value of XRP derives from multiple factors. Primarily, its affiliation with Ripple and its partnerships with financial institutions, as well as its capability to be exchanged promptly and economically for various currencies and assets, contribute to its value.