XRP Ledger Nears Fix for Stablecoin Minting Permission Flaw After Validator Reset

TL;DR XRP Ledger is approaching activation of fixCleanup3_4_0, which closes a flaw allowing PaymentBurn delegates to mint issued tokens without PaymentMint authority. Validator support briefly fell below the threshold on October 21, resetting the 14-day countdown. The amendment now has 33 of 35 votes and is projected for November 4. The issue affects issued fungible tokens, including stablecoins, but does not affect XRP’s supply or enable arbitrary accounts to mint assets. XRP Ledger is approaching activation of a fix that closes a token-permission flaw affecting issued assets, including stablecoins , after validator support recovered from a reset in October. The official amendment documentation warns that delegated PaymentBurn permission can, under certain conditions, also allow new fungible tokens to be minted.

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