RLUSD becomes first stablecoin to receive investment-grade Moody's rating, rated A2/P-1

Ripple's RLUSD stablecoin has become the first stablecoin to receive an investment-grade rating from Moody's, achieving A2 long-term and P-1 short-term ratings on October 28, the highest possible short-term rating in the agency's new framework. The rating reflects RLUSD's reserves, primarily backed by U.S. Treasurys and cash, and its liquidity and redemption strength.

Detected & updated continuously · Source: Nebula