# Ripple Mints $110M RLUSD as Binance Restores XRP Withdrawals Major stablecoin expansion coincides with Binance resuming operations following a massive security breach. - **Source:** [Bitcoin News](https://brifing.si/source/d8aeaf1e-9839-4dad-9d25-7a6bf3fbeef8) - **Published:** 2026-11-03 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/7ccd2266-899b-4346-a4cf-6d5274ac2185 ## Massive RLUSD Stablecoin Mint Ripple issued 110.57 million RLUSD tokens on the XRP Ledger in a single transaction on November 2. This record-breaking mint occurred at 20:43 UTC, followed by an additional 38.8 million issuance. These actions bring the total RLUSD supply on the ledger to approximately 859 million tokens, reflecting significant institutional liquidity requirements. ## Binance Resumes Asset Withdrawals Binance began reopening withdrawals for XRP and RLUSD on November 3 at 04:00 UTC. This restoration follows a $6.3 billion hack that forced a temporary suspension of services across nine networks. The exchange is prioritizing assets based on user demand, with XRP being a primary focus due to its high activity. ## Security Breach Recovery Efforts The October 29 attack resulted in five wallets being drained within four minutes, impacting XRP holders significantly. Binance has processed $4.65 billion in withdrawals across 15 networks before this latest phase. The exchange warned users to remain vigilant against fake compensation scams that emerged following the security incident and service disruption. ## Stablecoin Market Cap Dynamics RLUSD currently maintains a market capitalization near $2.56 billion, with roughly one-third of its supply residing on the XRP Ledger. The remainder is primarily distributed across the Ethereum network. Recent distribution deals with Coinbase and Robinhood have further expanded the token's reach, alongside a historic rating from Moody’s for Ripple. ## Issuer Control and Security The Binance hack highlighted the influence of issuer-controlled tokens, as Tether froze $1.5 billion in assets within 30 minutes. RLUSD operates under a similar model, allowing Ripple to freeze tokens if necessary. Conversely, XRP functions without an issuer, meaning it lacks the same centralized freezing mechanism present in stablecoin protocols. ## Institutional and Retail Adoption Large mints like the recent $110 million transaction typically signal demand from institutional desks rather than retail participants. However, retail platforms are increasing their involvement. Uphold now offers up to 7% APY on RLUSD for users in most U.S. states, with returns generated by an external protocol rather than the exchange. ## Strategic Corporate Cash Management Ripple is actively positioning RLUSD for corporate cash management, emphasizing round-the-clock returns for institutional clients. The token's recent U.S. bank approval and subsequent Moody’s rating serve as critical milestones for this strategy. These developments suggest a broader effort to integrate stablecoins into traditional financial workflows and corporate treasury operations globally. ## Market Outlook and Stability XRP is trading near $1.25 as of November 3, showing relative stability despite recent volatility. Binance continues to conduct security checks while reopening additional assets in phases. Market participants are now monitoring how the increased RLUSD supply and restored exchange functionality will influence liquidity and trading volumes in the coming weeks. ## Sources covering this story - https://news.bitcoin.com/altcoins/ripple-mints-110m-rlusd-binance-reopens-xrp-withdrawals/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._