The long-running dispute over what XRP is actually for — not Ripple’s business model, but the token itself — exploded again on October 30, 2025, after crypto expert Scott Melker publicly asked whether the asset still has a live, defensible use case in an ecosystem now dominated by fiat-backed stablecoins.

What Is The Utility Of XRP?

“I say this with no disrespect, looking for an actual answer,” Melker wrote on X. “What is the current pitch for XRP? The token, not Ripple the company.” He pointed to concrete developments in cross-border settlement rails: “Western Union chose Solana for their stablecoin. Swift went with Linea on ETH, which was the selling point I heard for years?” Melker then set the tone for the entire debate: “Stablecoins have clearly taken the reigns for payments, so I

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