Definition and scope
What Are Issued Currencies on the XRP Ledger? addresses a distinct part of issued tokens and trust lines. Understand fungible obligations identified by currency code and issuing account.
Unlike native XRP, most fungible assets on XRPL represent obligations issued by an account. This category explains the trust relationships, flags, controls, and accounting conventions that make issued currencies and newer Multi-Purpose Tokens work. Issued assets depend on their issuer and must not be described as native XRP. Issuer controls apply only to eligible issued balances.
How it works
Classic issued currencies are obligations identified by currency code and issuer account. Balances live on RippleState trust lines, and the issuer's settings, solvency, redemption policy, freezes, and transfer rate shape their usefulness.
- currency code: verify this field, object, or component against the cited protocol documentation.
- issuer: verify this field, object, or component against the cited protocol documentation.
- RippleState: verify this field, object, or component against the cited protocol documentation.
- trust line: verify this field, object, or component against the cited protocol documentation.
Practical example and checks
To receive an issued USD, a holder creates a trust line to the intended issuer with a limit, verifies the exact currency/issuer pair, and checks validated balance changes after transfer.
For production use, preserve the exact signed or queried data, record the network and validated ledger reference, and compare the result with the current primary documentation before changing off-ledger state.
Open the related live demo or evidence lab →Limits, risks, and common confusion
Two tokens with the same currency code but different issuers are different assets. Issued value is not native XRP and depends on issuer performance and the holder's legal arrangement.
Issued assets depend on their issuer and must not be described as native XRP. Issuer controls apply only to eligible issued balances.
Current network status
Enabled on XRPL Mainnet. The underlying protocol capability is available on XRPL Mainnet. Individual services can still impose additional rules, limits, or trust assumptions.
Status reviewed 2026-08-23. Amendment-dependent behavior must be rechecked against the network's live feature state before operational use.