Ripple Ledger (XRPL) Introduces ‘Clawback’ Feature for Token Retrieval…”Expecting Increased DeFi Liquidity”

A new ‘Clawback’ feature has been added to the Ripple Ledger (XRPL), allowing issuers to retrieve tokens from users under specific conditions.

On the 31st, the cryptocurrency media outlet CoinDesk reported, “The Ripple Ledger has introduced a clawback feature that allows issuers to retrieve tokens from users under certain conditions,” adding, “The DeFi (Decentralized Finance) ecosystem based on the Ripple Ledger could expand and liquidity could increase.”

The clawback feature is designed to prevent fraud and illegal transactions and to enhance regulatory compliance. It is expected to be utilized in the Ripple Ledger’s automated market maker (AMM) and decentralized exchange (DEX). The clawback feature is a necessary mechanism for regulatory compliance, and Ripple’s stablecoin RLUSD is also expected to support this feature.

Meanwhile, the Ripple Ledger (XRPL) is a Layer 1 blockchain project supported by Ripple and the XRPL Foundation, characterized by enhanced security and stability, allowing the transfer of various cryptocurrencies, including XRP, and processing transactions efficiently.