XRP Ledger Blocks Stablecoin Creation Through Burn-Only Accounts
An activated software amendment prevents burn-only accounts from issuing new tokens, closing a path that could otherwise be used to create stablecoins.
An activated software amendment prevents burn-only accounts from issuing new tokens, closing a path that could otherwise be used to create stablecoins. XRP (XRP) is trading at ₹112 ($1.19). This is an original Token Times brief based on reporting by Blockonomi, with live market data added, as of Fri, 06 Nov 2026 14:00:01 UTC.
The change closes an unintended token-issuance route while leaving XRP outside the affected permission mechanism. With no exploitation publicly reported, the immediate significance is preventative rather than evidence of an active market incident.
- XRP Ledger activated fixCleanup3_4_0 on November 4 at 14:52 UTC.
- The fix blocks burn-only accounts from issuing tokens, including stablecoins.
- No exploitation has been publicly reported, and XRP was outside the affected system.
- XRP trades at $1.19, down 9.24% over 24 hours.
- XRP Ledger Ranks Third in Stablecoin Growth Amid Market Downturn
- XRP Ledger Stablecoin Security Fix Delayed Again Amid Validator Vote Uncertainty
- XRP Ledger Activity Surges as the Daily Burn Rate Jumps 627%
- XRP Ledger Blocks Stablecoin Creation Through Burn-Only Accounts — this brief
Blockonomi reports that 
XRP Ledger activated the fixCleanup3_4_0 amendment on November 4 at 14:52 UTC, at ledger 108,112,129. The amendment stops accounts carrying burn-only permission from creating newly issued tokens, a capability that could otherwise extend to assets designed to track the value of fiat currencies, including stablecoins.
The affected mechanism concerns token permissions rather than XRP itself. According to Blockonomi, XRP was not part of the permission arrangement covered by the flaw, and no exploitation of the issue has been publicly reported. The outlet also referenced a decline in validator support on October 21, although its summary did not provide participation figures or connect that dip to exploitation.
The amendment is therefore positioned as a preventive repair. Its activation establishes a hard rule against issuance through burn-only accounts at the ledger level, while the absence of a reported incident provides no evidence that harmful token creation or trading activity occurred before the fix.
XRP is trading at $1.19, down 9.24% over 24 hours and 4.57% over seven days. Its market capitalization stands at $75.43 billion. The broader crypto market is also broadly lower, with total capitalization at $2.62 trillion, 
Bitcoin down 4.70% over 24 hours, and the Fear & Greed index at 28, indicating a Fear reading. The supplied market data does not attribute XRP’s decline specifically to the amendment, and the timing should not be read as evidence of a direct link.
Since this brief published about 2 hours ago, XRP (XRP) has moved from ₹112.50$1.19 to ₹112.50$1.19 — +0.00%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₹122.87 (about $1.19), down 9.2% over 24 hours. The rupee itself trades about 9.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
XRP Ledger Blocks Stablecoin Creation Through Burn-Only Acco — questions & answers
What did the XRP Ledger amendment change?
The fixCleanup3_4_0 amendment prevents accounts with burn-only permission from creating new issued tokens, including stablecoins. It activated on November 4 at 14:52 UTC.
Was XRP affected by the permission bug?
Blockonomi says XRP was not part of the affected permission system. No exploitation of the issue has been publicly reported.
How is XRP performing alongside the broader market?
XRP is down 9.24% over 24 hours and 4.57% over seven days, trading at $1.19. The overall crypto market is broadly down, while Fear & Greed stands at 28.
How much is 1 XRP worth in rupee today?
About ₹122.87 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $1.19. The rupee price moves with both XRP's US-dollar price and the USDT/INR rate; use our XRP in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Blockonomi. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.