XRP Ledger adds new controls for banks, stablecoins and tokenized funds
Each helper can receive up to 10 permissions. These restrict the kinds of actions it can perform, rather than automatically imposing a spending cap.
Banks already separate payment and compliance duties among staff. The upgrade gives businesses a way to make those divisions enforceable on the ledger itself. coindesk.com
The network held an average of $3.72 billion in tokenized assets and $539 million in Ripple’s RLUSD stablecoin during the second quarter, according to a report shared with CoinDesk by Evernorth, an XRP treasury company. Together, those balances amounted to about $4.26 billion.
Read More: XRP Ledger retries upgrade that lets banks split payment and compliance duties
Meanwhile, official guidance tells users not to delegate PaymentBurn, which is intended to let a helper destroy tokens, until a separate fix activates. Under certain conditions, that permission also allows the helper to create new tokens. The warning concerns tokens issued on the ledger, rather than newly minted XRP. Other granular permissions are unaffected.
Developers are also looking at a bug in how some XRP Ledger servers keep score during these votes. A report filed on Oct. 8 found that some servers can drop a validator from their count after it changes a routine security key, even though it is still online and voting.