XRP Ledger Clawback Amendment Goes Live to Enhance RLUSD Trading
A clawback amendment was implemented on the XRP Ledger, receiving over 90% support from validators.
- The amendment allows Ripple’s stablecoin RLUSD to be traded directly on the XRP Ledger's DEX, enhancing liquidity and DeFi activity.
- Clawback tokens enable issuers to reclaim tokens under specific conditions, aiding regulatory compliance and asset recovery.
- The update improves compliance for Automated Market Maker (AMM) pools by allowing clawback-enabled tokens and modifying AMMDeposit transactions to prevent frozen tokens from being deposited.
- The XRP Ledger features a decentralized exchange (DEX) for token swaps and utilizes liquidity pools for trades.
- Since the introduction of AMM functionality with XLS-30D in March 2024, over $1 billion in swap volumes has been processed, with January achieving over $400 million in trades.