XRP Ledger ‘Clawback’ Goes Live in Boost For Ripple USD Trading

A new clawback amendment went live on the XRP Ledger, receiving over 90% validator support. This allows Ripple's stablecoin, RLUSD, to be traded on the network's decentralized exchange (DEX), enhancing liquidity and potentially increasing decentralized finance (DeFi) activity. Clawback tokens enable the issuer to reclaim tokens under specific conditions, aimed at regulatory compliance and fraud prevention. The update also improves the functionality of the Automated Market Maker (AMM) pools on the ledger. With significant trading volumes in January, the DEX is gaining traction in the crypto space. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk