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 stolen RLUSD, while native XRP lacks issuer-controlled freezing functions. Ripple mints $110.57 million in RLUSD on the XRP Ledger, according to transaction data from November 2. Separately, Binance has resumed withdrawals following a $6.34 billion cryptocurrency hack.