The XRPL community is made up of a vast network of users, developers, businesses and investors. Even though it has been around for over a decade and it continues to grow and prosper, it is still important to make sure you are vetting the businesses and applications you use. Here are some suggestions and frequently asked questions which should help get you going in the right direction.

How can I trust anyone?

To start, if you own XRP, you already trust the XRP Ledger community. The XRPL is a decentralized blockchain that is run It can be very difficult to actually trust someone in any community. In the case of a developer, you might trust their code or you might trust their intentions, but when it comes to software, there are so many variables and unknown factors. (ie. issues with dependencies or 3rd party libraries.) The same applies to business or tokens issuers. They might have a great business plan and a wonderful marketing strategy but that is no guarantee of success. Take us for example...

Is Xaman Trust Worthy?

Xaman (formerly Xumm) is an application created by XRPL Labs. We were founded in 2018 and are based in the Netherlands.

Since then, we have grown into a company with 18 employees, have released several versions and updates to Xaman and are active in the XRPL community.

As well, we run several nodes and validators to help contribute to public infrastructure of the XRPL.

We offer advanced customer service and technical support services for our application and participate in all major XRPL events.

We are active on social media platforms like X, run our own blog, and support the developer community.

We strive to be transparent in everything we do via Infrastructure Status and via our CEO's X account.

We have a proven track record of reliability and honesty that can be easily researched and validated.

Is Xaman safe to use?

It definitely is. Keeping your XRPL/Xaman accounts safe what we do. We actually have an article dedicated to this topic:

What is an xApp?

There are two kinds of xApps in Xaman:

• Verified - The xApp was either created by the XRPL Labs team or it has been vetted by XRPL Labs.

• Un-Verified - The xApp was community developer or business that has not been vetted by XRPL Labs.

Are un-verified xApps safe to use?

The process of creating an xApp has been stream lined so making an xApp is easier than ever before, but just because it is easy, does not make it unsafe. We have incorporated several checks and balances into each step to ensure that all xApps meet our high standards of quality and useability. Having said that, we do recommend that you do your own research when it comes to choosing which xApps to use. Things like:

• Visit the developers website. Does it look professional? Is it up to date?

• Read the description of the xApp? Is it clear as to what it does? Does it make sense?

• Is the developer easy to get a hold of? How quickly do they respond to messages?

• Does the developer offer customer support?

• Is the developer active in the XRP Ledger community?

Can an xApp access my XRPL / Xahau accounts?

Here is a list of xApps developed by the XRP Community

Background

On September 22, 2022, Stably issued 10 million USD tokens on the XRP Ledger.

Issuing account: rEn9eRkX25wfGPLysUMAvZ84jAzFNpT5fL

The Stably On/Off-ramp service allows users located in the United States, to purchase some of these USD tokens directly from Stably via their xApp in Xumm.

Frequently Asked Questions

Can I buy XRP from Stably?

No. Stably does not offer the ability to purchase XRP for fiat. They offer the ability to purchase their issued token directly from them with USD fiat.

Is Stably a crypto exchange?

No, not in a traditional sense. They exclusively sell their own issued tokens.

Do I need to create a Trust Line to the Stably issuing account?

Yes. In order to hold the USD token that they have issued, you need to have a Trust Line configured to their issuing account. If you purchase their token via the Stably xApp in Xumm, a Trust Line to their issuing account will be created automatically during the purchase process.

Can I buy the Stably-USD token for XRP?

Yes, but you can not purchase their token from them for XRP. You will need to place an order for the token on the XRPL DEX. You can do this two ways in Xumm:

1) You can create a market/limit order on the XRPL DEX using a utility such as the DEX Trade xApp

2) You can tap the Stably Trust Line in Xumm, then press the Exchange button to get into the exchange flow.

How do I contact Stably for more information or if I have more questions about their service?

To contact Stably Customer Service, just launch the Stably xApp and press the hamburger menu,

then press Support & FAQ

then press Help.

Notes

We understand that you might have additional questions regarding this topic so you are welcome to contact us any time via the Xumm Support xApp in Xumm or you can simply scan this QR code with Xumm and be directed there automatically.