Moody’s assigns A2 rating to Ripple’s RLUSD as market cap tops $2.5 billion

Ripple ‘s RLUSD stablecoin has been awarded investment-grade ratings by Moody’s, following Ripple’s receipt of final approval for its US national trust bank. The move further enhances Ripple’s standing among institutional players as RLUSD’s market capitalization climbs past $2.5 billion. Moody’s, a global credit rating agency, assigned RLUSD an A2 long-term deposit rating and a P-1 short-term rating on October 27. The A2 classification represents upper-medium-grade credit quality, while the P-1 rating is the agency’s highest for short-term instruments. The rating assessment covered multiple areas including RLUSD’s reserve quality, liquidity, redemption processes, custody structures, and operational safeguards. RLUSD is issued by Standard Custody & Trust Company, a Ripple subsidiary, and operates on both the XRP Ledger and Ethereum networks.

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