Ripple's stablecoin treasury minted 110,565,832 RLUSD tokens on the XRP Ledger at approximately 20:43 UTC on November 2, according to ledger transaction data. CoinEdition reported the issuance using XRP Ledger records and public tracking data. RLUSD, Ripple's US dollar stablecoin, is designed to maintain a value of one US dollar.

The mint arrived three days after RLUSD supply on the XRPL fell sharply, and amid Binance's phased restoration of withdrawal services following a major security breach. Neither Ripple nor Binance has established a direct link between the two developments, and Ripple has not publicly tied the transaction to the exchange's recovery.

Mint Follows Sharp Supply Decline

The issuance followed a $284.4 million drop in RLUSD supply on the XRP Ledger on October 30. That decline represented a 28.7% contraction, triggered after large token amounts returned to Ripple's issuer account. It partially reversed a broader expansion: XRPL stablecoin supply crossed $1 billion during the third quarter of 2026, as reported by Blockonomi. Swings of this size draw attention because stablecoin balances on a given chain are often watched as an indicator of the dollar liquidity available there.

The new issuance does not confirm that customers purchased $110.57 million worth of RLUSD. Stablecoin issuers also create tokens for treasury management, exchange balances and settlement needs, meaning mint volumes alone are not a reliable gauge of user demand.

Binance Restores RLUSD Services After October Attack

Binance restarted selected cryptocurrency withdrawals on November 1. On November 3, it announced another phase covering nine blockchain networks, with RLUSD withdrawals listed for both Ethereum and the XRP Ledger, subject to security checks. The exchange detailed the phased reopening in a recovery update covered by Blockonomi.

The second withdrawal phase followed an October 29 breach that affected about $6.34 billion in digital assets. Binance said attackers gained access to an internal wallet signing service and moved funds without authorization. During the incident, five Binance wallets sent 233.46 million XRP to an attacker-controlled address.

By November 4, the exchange reported replacing 98% of the affected token assets while buying back the remaining less-liquid holdings, and it pledged to cover customer losses. Binance also recorded $3.64 billion in net outflows during the first nine and a half hours after services resumed, although the company said the initial rush later eased. The remaining buybacks and subsequent withdrawal phases are the recovery milestones to watch.

Ripple Can Freeze RLUSD but Not Native XRP

Researchers reported that Ripple froze roughly $40.5 million in stolen RLUSD on Ethereum following the attack. RLUSD includes issuer controls that can block transfers from specified addresses. Native XRP, by contrast, has no comparable issuer-controlled freezing feature. Freeze functions of this kind are a common feature of centralized stablecoins and are often exercised in sanctions compliance and law-enforcement cases, so their use here shows how the control operates during a live security incident.

Binance's investigation has also traced the intrusion to malicious software and a fake recruitment process, according to Blockonomi's reporting. The company said its review remains open and that external security firms would examine its findings.

RLUSD transfers on the XRP Ledger require small network fees paid in XRP. However, creating $110.57 million in stablecoins does not mean users purchased an equivalent amount of XRP.

This article originally appeared on Blockonomi.