XRPScan has flagged the token issuer's account as suspicious. It turned out that the account had already accumulated a significant amount of XRP through trading the token on decentralized exchanges (DEX) and with the help of automated market makers (AMM).

Vet, the operator of XRP Ledger dUNL, was quick to remind that the official stablecoin RLUSD, which was recently announced by Ripple CEO Brad Garlinghouse, is not yet available. The stablecoin is expected to launch this year. But the exact release date remains unknown.

Vet cautioned that any ticker or name on the XRP Ledger is not unique—only the issuer's account is. Therefore, you should make sure that the token is offered directly by Ripple. You should check the "r-address" using any XRPL-based browser and also track the origin of the account. In addition, it is useful to wait for the official launch announcement from Ripple and its subsidiary RippleX.

XRP holders should be wary of not only fraudulent tokens, but also phishing attacks. Recently, Ripple CTO David Schwartz warned that scammers are posing as Ripple support and then stealing users' personal data.