BULLISH 55 The Defiant 2H ago · 1 min read

Moody’s gives Ripple’s RLUSD A2 and P-1 deposit ratings on XRP Ledger and Ethereum

AI summary

Moody's has assigned Ripple's RLUSD stablecoin A2 long-term and P-1 short-term deposit ratings, covering the token on both the XRP Ledger and Ethereum. The agency weighed reserve safeguards against holders' exposure to an issuer bankruptcy. A top-tier credit rating lends institutional credibility to Ripple's stablecoin and could support RLUSD adoption and XRP sentiment.

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