XRP Ledger Stablecoin Security Fix Faces Second Deadline After Validator Vote Delay

The XRP Ledger is nearing a second deadline to implement a crucial security patch that fixes a token-minting vulnerability impacting stablecoin operations. Known as fixCleanup3_4_0, this amendment is slated to go live on November 4, following an earlier setback triggered by a drop in validator backing.

Nothing fancy here but happy this fixCleanup amendment is going live on the XRP Ledger in the next 48h!

Hardening and improving the XRP protocol. pic.twitter.com/XAzbFW4rPY

— Vet (@Vet_X0) November 2, 2026

Currently, 33 out of 35 trusted validators support the XRP Ledger amendment, comfortably clearing the necessary threshold. Nevertheless, successful activation relies on sustaining this backing over an unbroken 14-day period. Should support fall below the required level again, the activation deadline will be postponed.

This update is vital for stablecoin security as it rectifies a flaw concerning permissions used to destroy issued tokens. Under specific scenarios, an account granted permissions strictly to burn tokens could inadvertently generate new ones.

DISCOVER: 15+ Best Crypto IPO to Watch in 2026

XRP Ledger Fix Faces Second Activation Deadline

Initially scheduled for October 23, the amendment hit a roadblock on October 21 when validator approval dropped to 26 out of 35. That figure fell short of the 29 votes needed to sustain the approval threshold, thereby resetting the two-week countdown timer.

Backing rebounded to the required threshold later that same day, resetting the clock and establishing November 4 as the earliest potential activation date. The amendment now enjoys the support of 33 validators, providing a four-vote buffer above the bare minimum.

XRP LEDGER BIG UPDATE

XRPL bug fix is delayed until November 4. It closes a loophole that could let burn only accounts create new tokens.

Will this delay affect confidence in $XRP, even as ETFs have attracted $1.8 billion in net inflows since launch? pic.twitter.com/hgzHkyQvXV

— TMA | The Money Ape (@TheMoneyApe) October 22, 2026

To pass an amendment, the XRP Ledger demands greater than 80% approval from trusted validators maintained continuously for 14 days prior to activation. Because the network audits support on an ongoing basis, even a brief decline forces the countdown to start over.

The current projected activation time is November 4 at 14:46 UTC. This schedule remains provisional until the upgrade is officially enabled across the network.

Why the Fix Matters for Stablecoin Security?

The vulnerability centers around the XRPL delegated `PaymentBurn` permission, which permits a designated account to destroy fungible or Multi-Purpose Tokens on behalf of an issuer.

Under precise conditions, this permission could mistakenly grant delegates the ability to mint fresh tokens despite lacking proper issuance rights. The upcoming amendment aims to enforce a strict boundary between token burning and token creation.

This separation holds immense significance for stablecoin security. Issuers often utilize third-party entities to burn tokens when users exchange them back for fiat money, and those service providers should lack the capacity to generate unauthorized tokens.

Unsanctioned issuance risks damaging trust in a token’s supply mechanics, especially for currencies engineered to maintain parity with underlying reserves. Official XRPL guidelines advise developers to hold off on delegating `PaymentBurn` until the fix officially deploys.

The flaw affects issued assets on the XRP Ledger, including trust-line tokens and Multi-Purpose Tokens. Native XRP remains untouched since the primary cryptocurrency bypasses these issuer controls altogether.

Ripple’s RLUSD stablecoin functions across both Ethereum and the XRP Ledger, linking XRPL’s token mechanisms to its broader stablecoin ecosystem. That said, there is no public indication that RLUSD suffered any impact from the bug or that its backing was compromised.

This amendment forms part of a broader software bundle addressing token permissions, vaults, automated market makers, lending math, escrow, and additional ledger features. It does not independently trigger the rollout of XRPL’s proposed lending protocol, which demands separate validator approval.

Should the amendment proceed as planned, it will eliminate the permission loophole and bolster the safety of issued tokens. Conversely, another drop in validator participation could push the upgrade back once more, leaving the network awaiting its subsequent activation window.

DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2026

Follow 99Bitcoins on X For the Latest Market Updates, and Subscribe on YouTube For Daily Expert Market Analysis.