$XRP

XRP is the native digital asset of the XRP Ledger (XRPL), an open-source, decentralized blockchain designed for fast, low-cost global payments. Created in 2012, its core fundamental is to serve as a "bridge currency" to facilitate cross-border transactions between different fiat currencies efficiently.

Unlike Bitcoin, XRP is pre-mined with a total supply of 100 billion tokens. It doesn't rely on energy-intensive mining; instead, it uses a unique consensus mechanism among independent validators, allowing transactions to settle in 3-5 seconds with minimal fees. This makes XRP attractive for financial institutions seeking to improve the speed and cost-effectiveness of international remittances and liquidity provision.