XRPL & Stellar verification (user-verified)

Date: 2026-05-21
Method: XRPL WebSocket (wss://xrplcluster.com) + Stellar Horizon (https://horizon.stellar.org)
Overall stack score: 9.5 / 10 — only remaining gap: intermittent Cloudflare origin health on some web endpoints (twin, x402api).

Language discipline: Figures below are issued supply on ledger (IOU issuance / trust-line balances), not market cap, trade-desk PnL, or verified secondary-market value. Do not cite Exchange OS $175M desk notional as an on-chain fact.

IOU vs native stablecoin: USDC, USDT, DAI, and EURC rows below are TROPTIONS-issued IOUs on the production issuer accounts — not Circle/Tether/Maker native assets. Holders have ledger credits (promise-to-pay); regulated 1:1 fiat redemption is PIPELINE until MSB + bank omnibus + FedWire/SWIFT are operational. See System manifest.

XRPL production wallets

Role	Address	Explorer
Production issuer	`rJLMSTy77hTxqgDw9WMxCnYC8m5vhqN3FQ`	XRPScan · Bithomp
Distribution treasury	`rNX4faQ35SdtE4rDoEg8YeVLQKQ57AYyCt`	XRPScan · Bithomp
AMM pool	`rBU6exSQHkrTog6n1F5RX8gzcUrXoniGcp`	XRPScan
Ops spend	`rfbZzM6SGZHbfxrg85vyeKSEMMQCfNXTNw`	XRPScan
Bootstrap (deprecated)	`rPF2M1QjdVh1hkNgmMMTkT9qMU7tA7Wds3`	XRPScan — legacy genesis; not production issuer
Legacy gateway (docs only)	`rPF2M1QjRj72rHdJyRqfFRTqWREBdJds3`	Bithomp — README/.env; superseded by production issuer above

Account status (2026-05-21): All six accounts returned live ledger data. Production XRP reserves are thin but operational (~20.5 XRP across production wallets; issuer/AMM near minimum reserve).

XRPL issued supply (issuer `rJLMST…`)

Issued to distribution rNX4fa… unless noted. Amounts from live account_lines / issuance queries.

Asset	Issued (XRPL)	Notes
TROPTIONS	~100,000,000	~100M on XRPL leg of ~200M cross-chain
USDC (TROPTIONS IOU)	174,000,000	XRPL leg of 274M USDC-labeled IOU cross-chain total — not Circle native
USDT	100,000,000
EURC	50,000,000	XRPL leg of 100M EURC cross-chain
DAI	50,000,000	XRPL leg of 100M DAI cross-chain
TROPTIONS (AMM)	~1,000	Pool `rBU6ex…` — AMM liquidity live

Stellar production wallets

Role	Address	Explorer
Issuer	`GB4FHGFUTLLMS3SC5RWRK6RYBGDIUQ5NR7IGN5TWAA3QVHULJ34JGEG4`	Stellar Expert
Distribution	`GBH4YY6EKSIM3LEHUQHEXFDZKMLON64HKMCB2K7CCOXGNCIVGH5GGVWC`	Stellar Expert

Distribution holdings (2026-05-21): TROPTIONS ~99.99M, USDC 100M, USDT 100M, EURC 50M, DAI 50M — mirror of XRPL issuance strategy.

Cross-chain issued supply totals (PROVEN)

Asset	XRPL	Stellar	Total issued on ledger
TROPTIONS	~100M	~100M	~200M
USDC (IOU)	174M	100M	274M
USDT	100M	100M	200M
EURC	50M	50M	100M
DAI	50M	50M	100M
Approx. total			~874M issued units (1:1 IOU labels, not USD market cap)

Honest caveats

Bootstrap deprecated — rPF2M1Qjd… and README gateway rPF2M1QjRj… are legacy; production issuance flows through rJLMST… / rNX4fa….
Reserve margin — Production XRP balances are low; ops wallet carries most spend buffer.
Desk narrative — Any Exchange OS desk notional is operator attestation until matched to ledger exports; use 274M USDC issued language, not “$175M verified desk.”
Registry source — T-Lev-8-/OPERATIONS/WALLET_ADDRESS_REGISTRY.md, frontends/exchange-os/src/content/troptions/troptionsWalletHubRegistry.ts

ON_CHAIN_PROOF.md — Polygon + unified proof registry
FINAL_ECOSYSTEM_AUDIT.md — 9.5/10 scorecard
counterparty/PROOF_FOR_COUNTERPARTIES.md — institutional counterparty pack

https://fthtrading.github.io/Troptions-full-pack/technical/XRPL_STELLAR_VERIFICATION.html