Ripple Mints About $110.6M of RLUSD on XRPL Ahead of Binance Phase Two
By Crypto Wire
November 3, 2026
Ripple printed a Settlement Desk-sized RLUSD mint on the XRP Ledger: 110,565,832.13 tokens — about $110.6 million at the $1 redemption peg — in a single issuer transaction at 20:43 UTC Nov. 2, 2026, according to Pacific-morning wraps from TokenPost and Bitcoin.com that cite the XRPL record. That mint landed roughly seven hours before Binance’s Recovery Update #6 phase-two window opened at 04:00 UTC Nov. 3, a schedule that listed RLUSD on both the XRP Ledger and Ethereum rails.
Desk wraps call the 110.6 million line the largest single XRPL RLUSD mint yet recorded. RLUSD is Ripple’s U.S. dollar–backed payment stablecoin issued on XRPL and Ethereum and redeemable one-to-one for dollars — separate from native XRP. Bitcoin.com’s Nov. 3 wrap puts XRPL issuer obligations near 859.3 million RLUSD and the multi-chain market cap near $2.56 billion, implying roughly a third of circulating supply still sits on XRPL with most of the remainder on Ethereum. Treat those stock figures as snapshot color around the mint, not as a claim that the full $110.6 million already cleared onto exchange withdrawal books.
Timing is the settlement story. Binance’s phase-two checklist named RLUSD among assets planned for the nine-network reopen that began at 04:00 UTC — the same Pacific window this desk already filed for nine-network schedule (15526) and later Ethereum/Solana restore batches (15534). A large XRPL mint ahead of that checklist does not prove every Binance account can already withdrawEnable RLUSD on XRPL or Ethereum; it does show fresh issuer supply entering the ledger hours before the exchange’s progressive stablecoin rows were due to flip.
Community XRPL trackers cited by Bitcoin.com also flagged a follow-on issuance near 38.8 million RLUSD the same night, which would put the evening’s combined mint near 150 million if both lines hold on explorers. This filing keeps the verified 110,565,832.13 TokenPost primary as the hard figure and treats the second batch as tracker color until independently confirmed on the issuer account. Do not invent a destination wallet or an exchange deposit match from the mint alone.
For NFT and crypto desks that settle bids in dollar stables, the practical beat is rail inventory, not a new marketplace fee. Fresh RLUSD on XRPL can feed exchange deposits, institutional settlement desks, and Robinhood Chain–adjacent dollar legs that already list the token — without pretending a mint equals OpenSea floor support. Issuer-controlled stables also remain freezeable in incident recovery, a contrast Bitcoin.com draws against unfreezable native XRP after the late-October Binance theft; that custody distinction is why large single mints often read as exchange or institutional inventory rather than retail drip.
Distribution context around the mint stays busy but secondary. Prior weeks already logged Coinbase multi-rail listing, Moody’s deposit ratings, OCC national-trust backing, and Robinhood Chain / Bitstamp availability for RLUSD. Bitcoin.com’s Nov. 3 wrap also notes Uphold advertising up to 7% APY on RLUSD in most U.S. states via an outside protocol — variable yield, funds leaving the Uphold wallet on opt-in — as retail product color beside the XRPL issuance, not as proof the $110.6 million mint funded that program.
What the mint does not show is who bought. Stablecoin issuer mints create supply; they do not publish the end buyer. Linking the entire $110.6 million to Binance alone, to a single institutional desk, or to NFT bid demand would be speculation. The verifiable receipt is the dated XRPL issuance of 110,565,832.13 RLUSD at 20:43 UTC Nov. 2, timed ahead of Binance’s phase-two RLUSD checklist rows.
Settlement watch: Confirm whether Binance’s status page shows RLUSD withdrawEnable on XRPL and Ethereum through the Pacific morning, whether XRPL issuer obligations hold near the ~859 million snapshot after any second overnight mint, and whether the next dated exchange or custody receipt moves the multi-chain ~$2.56 billion market-cap print.
Bottom line: Ripple minted about $110.6 million of RLUSD on XRPL in one Nov. 2 transaction — the largest single XRPL mint cited in Pacific-morning wraps — hours before Binance’s phase-two window listed the stablecoin for progressive reopen.
Disclaimer: This article is provided for informational and educational purposes only. It does not constitute financial, investment, legal, or trading advice. The NFT market is highly volatile, and past performance is not indicative of future results. Readers should conduct their own research and consult qualified professionals before making any decisions related to digital assets. The cover image for this article may have been created using artificial intelligence (AI).
