XRP Ledger closes bug that let approved token burners create new tokens
The patch was deployed on Wednesday after validators reset the activation clock in October, and the native XRP token was not impacted.
Key takeaways
- 1Bug allowed approved token burners to create new tokens
- 2Fix deployed on Wednesday; XRP token unaffected
On Wednesday the XRP Ledger deployed a patch that closed a bug allowing approved token burners to create new tokens, CoinDesk reported. The update was applied across the network.
The vulnerability let entities with burn permissions mint additional tokens, a function normally reserved for destroying supply. Validators reset the activation clock in October, enabling the fix to go live. The native XRP token itself was not affected by the issue.
XRP is the native token of the XRP Ledger, a public blockchain designed for fast, low‑cost cross‑border payments. As of early November the token sits in the top five crypto assets with a market value of $82.8bn. Ripple and BNY Mellon have been exploring the ledger for tokenised invoice finance, which shows growing institutional interest in the platform.
Closing the bug restores confidence in the ledger’s token‑issuance controls, a key concern for projects building on XRPL. Holders can expect the network to remain stable while developers monitor for further vulnerabilities. The next steps include validator updates and tracking the progress of Ripple’s finance pilots, which could signal broader adoption of XRPL‑based services.
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