Binance Reopens XRP Withdrawals While Ripple Mints $110M in RLUSD in One Go

Ripple minted 110.57 million RLUSD, its dollar-backed stablecoin, in a single transaction on the XRP Ledger on Nov. 2, one of the largest issuances to date, hours before Binance began reopening XRP and RLUSD withdrawals following its $6.3 billion hack. The mint, flagged by onchain trackers, underscores Ripple's push to scale RLUSD liquidity on XRPL, where the stablecoin is a core part of the ledger's DeFi and payments stack. The timing matters because Binance, the world's largest crypto exchange by volume, resuming withdrawals restores a key liquidity channel for XRP and RLUSD traders after days of constrained flows. The exchange halted withdrawals after the hack, which drained roughly $6.3 billion in assets, though Binance has since moved to cover losses and restore normal operations. Watch for whether RLUSD supply continues to expand rapidly and whether Binance's restored flows lift XRPL stablecoin volumes and XRP market depth in the coming sessions.