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The AMMClawback amendment has officially gone live on the XRP Ledger, according to XRPScan. AdvertisementThe XRPL’s clawback feature makes it possible to recover tokens even after they were sent to the account. For instance, if the recipient of the tokens is associated with illicit activity, they could be recovered if such a feature is enabled by the issuer. Now, tokens with the clawback feature enabled on them can be used on the XRPL’s native Automated Market Maker (AMM). AdvertisementRelatedSuch an amendment is vital for regulatory compliance. Ripple, the issuer of the Ripple USD (RLUSD) stablecoin, will now be able to claw back the tokens if they end up being involved in fraudulent activities. The activation of the amendment essentially makes it possible to use Ripple’s much-hyped stablecoin in AMM pools. Before this, it could only be used on centralized exchanges with traditional order books.The XRP/RLUSD pool could potentially provide Ripple with much-needed liquidity. Related”Excited to see the XRP/RLUSD pair in the XRPL DEX AMM. Congrats to the XRPL community!” former Ripple executive Emi Yoshikawa said on social media. As reported by U.Today, the market cap of Ripple’s stablecoin recently surpassed $100 million. Jack McDonald, SVP of Stablecoin at Ripple, has stressed that RLUSD is compliant with the highest regulatory standards.There are already several pools with the RLUSD token on the XRP Ledger DEX. The leading RLUSD/XRP pool has a total of $419,800 worth of liquidity at press time, according to data provided by XPMarket.Disclaimer: The opinions expressed by our writers are their
own and do not represent the views of U.Today. The financial and market information
provided on U.Today is intended for informational purposes only. U.Today is not
liable for any financial losses incurred while trading cryptocurrencies. Conduct
your own research by contacting financial experts before making any investment
decisions. We believe that all content is accurate as of the date of publication,
but certain offers mentioned may no longer be available.#XRPL
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