XRPL Upgrade PermissionDelegationV1_1 Brings Bank-Style Account Controls
- —Each delegated account can hold up to 10 permissions that the primary account can revoke
- —A stablecoin issuer could keep signing keys offline while a compliance account approves customers
- —Activation slipped from Oct. 5 to about Oct. 8 after support dipped below 80%
- —The revised version replaces one withdrawn over a flaw that allowed unauthorized fees
Why it matters: The upgrade makes XRPL more practical for regulated banks and stablecoin issuers, sharpening competition for institutional settlement flows.
Source: Coinpaper