XRP Ledger Plans Upgrade to Prevent Stablecoin Partners From Minting Tokens Without Approval

HIGHLIGHTS XRPL's upgrade blocks accounts with burning permissions from creating stablecoins without issuer approval. Thirty-three of thirty-five validators backed the amendment, with November 4 the earliest activation date. The amendment corrects vault calculations and prevents loan records showing overdue payments prematurely. The XRP Ledger has proposed a security upgrade to prevent unauthorized stablecoin minting, closing a permission loophole that could allow approved partners to create tokens without issuers' consent or authorization.