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Bitstamp USD Order Book Depth Misleading for XRP Sellers

At the Nov. 4 close, a capped sample of Bitstamp-issued USD offers held less funded inventory than the smaller RLUSD book. An XRP Ledger order book sample advertised 1.28 million Bitstamp-issued USD tokens at the Nov. 4 close, but the offer owners' balances funded only about 57,000. This shows that for an XRP holder selling into those offers, the advertised quantity overstated the token inventory available to trade.

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