On February 2, 2025, a significant update was implemented on the XRP Ledger following a validator vote where over 90% supported a clawback amendment. This amendment allows Ripple's dollar-pegged stablecoin, RLUSD, to be traded directly on the XRP Ledger's decentralized exchange (DEX), enhancing liquidity and trading options.
The clawback feature enables issuers to reclaim tokens under specific conditions, improving regulatory compliance for the XRP Ledger's Automated Market Maker (AMM) pools. This update modifies the 'AMMDeposit' transaction type to prevent frozen tokens from being deposited, further refining the trading environment.
Since the AMM functionality was introduced in March 2024, the DEX has processed over $1 billion in swap volumes, with January 2025 alone accounting for over $400 million in trades.