RLUSD lands on Coinbase and Robinhood, earns Moody's rating in push for stablecoin market share

Within days, Ripple got a U.S. bank charter, a Moody’s (NYSE: MCO) rating, and deals with Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD), and BNY (NYSE: BK). RLUSD, its stablecoin, has under 1% of the market. Even so, Ripple now has approvals and partners that USDT and USDC took years to earn. How is Ripple RLUSD competing with USDT and USDC? It started on Monday. Earlier reporting by Cryptopolitan says that the Office of the Comptroller of the Currency (OCC), a U.S. bank regulator, gave final approval to Ripple National Trust Bank. The new bank will oversee the reserves behind RLUSD and act as collateral trustee for holders. Issuing the token stays with Standard Custody & Trust Company, Ripple’s subsidiary regulated in New York.

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