Ripple Mints $110M in RLUSD as Binance Reopens XRP Withdrawals

Ripple issued 110.57 million tokens of its dollar-backed stablecoin, RLUSD, on the XRP Ledger in a single transaction on Nov. 2. The massive onchain issuance came just hours before major cryptocurrency exchange Binance began reopening withdrawals for both XRP and RLUSD following a reported 6.3 billion dollar security incident.

The swift issuance represented one of the largest single-event mints for Ripple's stablecoin on the XRPL to date. Public onchain trackers quickly flagged the hundred-million-dollar transaction, highlighting heightened activity across the network within a matter of seconds.

Around the same window, Binance took initial steps to restore outward transfers for XRP and RLUSD holders. The exchange had previously paused withdrawal processing in the wake of a massive six-point-three billion dollar security compromise that disrupted standard platform operations.

Large-scale stablecoin mints are routinely monitored in real time across decentralized ledgers, where transaction amounts, timestamps, and receiving addresses remain publicly verifiable. In this instance, blockchain data monitors observed the sudden surge in RLUSD supply almost immediately after the single issuance finalized on the ledger.

RLUSD operates as Ripple's dedicated dollar-pegged stablecoin, designed to facilitate cross-border settlements and liquidity on the XRP Ledger alongside native digital assets. Significant creation events typically indicate institutional demand or preparatory steps to supply liquidity across trading venues and custody rails.

Resuming asset withdrawals represents a crucial operational phase for centralized exchanges dealing with major security disruptions. For platforms working through large-scale breaches, systematically verifying wallet integrity and reopening withdrawal queues in stages is critical to restoring user confidence and re-establishing normal order routing.

The combination of a major stablecoin injection and the reopening of exchange access provides immediate relief for market participants seeking to manage portfolio risk or transfer assets off-platform. Sustained withdrawal freezes often create price disparities across exchanges, making timely liquidity restorations vital to wider market stability.

The back-to-back developments underscore the interconnected relationship between core blockchain networks and the centralized venues that support them. Even as centralized trading hubs navigate operational hurdles, foundational ledger activity and asset issuance continue to function transparently and autonomously.

Market observers and blockchain researchers continue to watch both the XRPL ledger and exchange wallet flows for subsequent balance shifts following the reopening. Ongoing attention remains focused on whether Binance continues restoring additional services and how the newly minted stablecoin liquidity distributes across the broader digital asset ecosystem.