Moody's assigns A2 rating to Ripple's RLUSD stablecoin

CIE News ·

Based on reporting by The Block; not yet independently confirmed.

Moody's Ratings assigned an A2 long-term rating and a P-1 short-term rating to Ripple's RLUSD stablecoin, citing the credit quality and market value of its reserve assets, according to The Block.

Moody's Ratings assigned an A2 long-term rating and a P-1 short-term rating to Ripple's RLUSD stablecoin, according to The Block. The rating agency based the investment-grade designations on the credit quality and market value of the stablecoin's underlying reserve assets. Moody's assessment reflects its evaluation of RLUSD's reserves and overall asset stability.

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