Ripple’s $110.57 Million RLUSD Mint Lands On Nov. 2
Ripple issued 110.57 million RLUSD on the XRP Ledger in a single transaction on Nov. 2, 2026, according to onchain trackers that flagged the mint. The dollar-backed stablecoin, which Ripple uses to bridge institutional payments and liquidity, had one of its largest single-day issuance events since launch.
The mint arrived hours before Binance began reopening XRP and RLUSD withdrawals following a $6.3 billion hack that had frozen customer funds. The timing is the story: a nine-figure stablecoin expansion hitting the ledger the same night a major exchange restored access to the underlying asset.
RLUSD lives natively on the XRP Ledger and Ethereum, and Ripple has positioned it as a settlement asset for cross-border corridors. A single 110.57 million mint is large by the standard of the token’s recent activity, but it remains a fraction of the multi-billion-dollar supply of stablecoin leaders such as USDT and USDC.
Binance Restores XRP and RLUSD Access After $6.3B Breach
Binance reopened XRP and RLUSD withdrawals in the early hours of Nov. 2, 2026, ending a multi-day halt triggered by a $6.3 billion security incident. The exchange had suspended deposits and withdrawals across several assets while it audited hot-wallet exposure and re-secured custody infrastructure.
For XRP holders, the reopening matters mechanically: withdrawals are the pressure valve that lets arbitrageurs close price gaps between Binance and other venues. While the halt was in place, XRP traded at a persistent discount on Binance relative to offshore exchanges, a spread that typically collapses within hours once transfers resume.
The RLUSD leg adds a second layer. Binance listed RLUSD earlier in 2026, and the stablecoin’s withdrawal channel gives traders a dollar-denominated exit and entry rail on the same exchange. Restoring both simultaneously suggests Binance has cleared the compliance and treasury checks it required before re-enabling XRP-linked flows.
XRP Holds $1.25 as Bitcoin Slips 1.99%
XRP traded at $1.25 as of 23:55 UTC on Nov. 2, 2026, down 0.09% on the day, according to Massive market data. The token has held the $1.25 handle despite Bitcoin’s 1.99% slide to $76,674.13 over the same window, a relative-strength signal that often precedes volatility expansion in either direction.
Bitcoin’s move below $77,000 reflects broader risk-off pressure across digital assets. When BTC leads lower, altcoins with active catalysts — like XRP’s exchange reopening and stablecoin issuance — tend to attract rotation flows as traders hunt for idiosyncratic setups.
The $1.25 level is the line to watch. A daily close above it keeps the post-reopening recovery thesis intact; a break below opens the door to a retest of the prior consolidation range. Volume on Binance in the first 24 hours after withdrawal resumption will be the cleanest read on whether the reopening is drawing real flow or simply releasing trapped supply.
Why the RLUSD Mint and Binance Reopening Compound
Stablecoin mints and exchange reopens are usually separate stories. Here they intersect on the same ledger and the same venue. Ripple’s 110.57 million RLUSD issuance expands the dollar liquidity available on the XRP Ledger at the exact moment Binance restores the rail that connects that liquidity to the largest order books in crypto.
If the newly minted RLUSD is destined for market-making or payment corridors, the reopening gives it a destination. If it is treasury inventory awaiting deployment, the mint signals Ripple expects demand for dollar settlement on XRPL to rise. Either way, the combination is a liquidity event, not just a headline.
The counterargument is supply overhang. A 110.57 million RLUSD mint can dilute the token’s premium in thin venues if redemptions lag. Watch the RLUSD/XRP pair on XRPL’s native DEX for the next several sessions; a widening discount to $1.00 would suggest the mint outran demand.
What Confirms the Thesis: Binance Volume and the $1.25 Line
The next 48 hours will settle the question. Binance XRP spot volume above its 30-day average would confirm that the reopening is pulling in fresh flow rather than just unlocking withdrawals. A sustained RLUSD premium near $1.00 on XRPL would confirm the mint is being absorbed.
On the price side, XRP holding $1.25 while Bitcoin stabilizes above $76,000 would validate the relative-strength read. A daily close below $1.25 with rising Binance outflows would break it. The $6.3 billion hack’s aftermath — specifically whether Binance publishes a post-incident custody report — remains the wildcard for both XRP and RLUSD sentiment.
Source: rss_autopost