The XRP Ledger has implemented a clawback amendment that allows Ripple's stablecoin RLUSD to be floated and exchanged directly on the ledger's decentralized exchange (DEX). This update aims to enhance liquidity and trading options, potentially boosting decentralized finance (DeFi) activity on the network. Clawback refers to the ability of the issuer to reclaim tokens under certain conditions, typically for regulatory compliance purposes. The amendment also improves the regulatory compliance of XRP Ledger's Automated Market Maker (AMM) pools and prevents frozen tokens from being deposited into the AMM. The XRP Ledger's DEX has seen significant trading volumes, with over $1 billion in swap volumes processed since the implementation of AMM functionality in March 2024.
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