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Ripple issues $110.57M RLUSD as Binance restores XRP withdrawals post $6.3B hack

Market News
05 Nov 2026, 15:33 WIB
Coinpaper
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Neutral
Ripple issues $110.57M RLUSD as Binance restores XRP withdrawals post $6.3B hack

Ripple minted $110.57 million in RLUSD stablecoins on the XRP Ledger shortly before Binance resumed XRP and RLUSD withdrawals following its $6.3 billion hack. This issuance came after a significant $284 million RLUSD supply contraction days earlier, indicating a recovery rather than new demand. Binance's phased withdrawal restoration included RLUSD on XRP Ledger and Ethereum, while Ripple froze $40.5 million in stolen RLUSD, highlighting differences in token control. Despite asset replenishment, Binance saw $3.64 billion in outflows post-restoration, reflecting ongoing investor caution.

Following Binance's restoration of XRP and RLUSD withdrawals after its $6.3 billion hack, XRP on Pluang is trading at Rp23,683 with a 1.65% gain as of Nov 05, 2026 20:53 WIB. The market cap stands at Rp1.495,56 trillion with a 24-hour volume of Rp40,14 trillion. Despite the positive price movement, Pluang order activity shows a cautious sentiment with 69% selling and 31% buying, and typical hold time is 73 days.

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