Vet Says XRP’s Supply Cap and Self-Custody Support Store-of-Value Case

Hussein Zangana, the XRP Ledger Foundation’s director of community known as Vet, argues that XRP could function as a store of value as economic activity becomes more digital. He points to geopolitical uncertainty, artificial intelligence and digitization, framing the asset’s ledger features as relevant to that shift.

The XRP Ledger separates its native asset from tokens issued on the network. Native XRP cannot be frozen through an issuer setting, while some issued tokens can have issuer-controlled freeze settings. That distinction applies at the protocol level: someone who keeps XRP with a custodial exchange still relies on the exchange, which can restrict assets it holds.

Supply and fees form another part of the case. XRP has a maximum supply of 100 billion, all of which already exists. The ledger destroys XRP paid as transaction fees; the standard minimum fee is 10 drops, or 0.00001 XRP, and fees can rise when network load increases.

Those rules set a limit on issuance and remove XRP through fee destruction. They do not show how many people want to hold XRP or whether its purchasing power will persist.

Account controls can also be configured by users. The XRP Ledger supports multisigning, which lets an account require approval from multiple keys before a transaction is authorized. Account owners can distribute keys across devices, but they must enable the setting and manage those keys; multisigning is not automatic for every holder.

The ledger’s decentralized exchange can route certain trades between issued tokens through XRP when that path provides a better exchange rate than a direct trade. This routing can be used even when XRP is not one of the two assets being exchanged. It describes a trading function, not a measure of current volume or added demand for XRP.

Vet’s store-of-value framing extends his earlier argument that XRP has uses beyond its market price, including network fees and trade routing. The broader case is outlined in earlier coverage of XRP’s role beyond its market price. Supply limits, custody options and trading functions describe how the network works; they do not establish that XRP will preserve purchasing power over time.