Ripple issues $110 million RLUSD on XRPL as Binance resumes withdrawals after $6.3B hack

Ripple , the US-based fintech company behind the XRP Ledger, minted approximately $110.57 million worth of RLUSD on its network soon after Binance began re-enabling withdrawals in the wake of a $6.3 billion security breach, drawing renewed attention to two major developments within the XRP ecosystem. On November 2 at 20:43 UTC, Ripple issued 110,565,832 RLUSD through its stablecoin treasury, according to on-chain data cited by CoinEdition. The timing placed the mint just before Binance’s announcement on November 3 about restoring RLUSD withdrawals on both the XRP Ledger (XRPL) and Ethereum . The mint followed a sharp decline in RLUSD supply on XRPL. On October 30, the network saw approximately $284 million in RLUSD supply withdrawn, amounting to a 28.7% reduction in circulation.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinTurk News.