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Ripple Mints $110.57M in RLUSD as Binance Restores XRP Withdrawals Following $6.3B Hack
Yesterday, 1:33 PM·
Medium Neutral

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Summarized by i88

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Summary

Ripple minted 110.57 million RLUSD on the XRP Ledger, following a $284 million contraction in stablecoin supply. Binance restored XRP withdrawals after a $6.3 billion hack. XRPUSD direction was not specified in the source data.

Ripple Mints $110.57M in RLUSD on XRP Ledger

Ripple issued 110.57 million RLUSD on the XRP Ledger (XRPL), according to a report from Coinpaper. The mint follows a $284 million contraction in stablecoin supply.

Binance Restores XRP Withdrawals After $6.3B Hack

Separately, Binance restored XRP withdrawals following a $6.3 billion hack, the report said.

Market Context

  • RLUSD mint: 110.57 million tokens issued on the XRPL.
  • Prior supply move: A $284 million stablecoin supply contraction preceded the mint.
  • Exchange status: Binance XRP withdrawals are restored after the hack.

The source data did not specify a direction for XRPUSD.