Ripple Mints $110M RLUSD After Sudden Supply Drop

TLDR Ripple minted 110.57 million RLUSD tokens on November 2, following a 28.7% decline in XRP Ledger stablecoin supply. Binance expanded RLUSD withdrawals across the XRP Ledger and Ethereum after its $6.34 billion security breach. Binance reported replacing 98% of affected token assets and pledged to cover customer losses. Ripple reportedly froze $40.5 million in [...]

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