Moody’s Announces Long-Term and Short-Term Ratings for Ripple (XRP)! Both Praise and Warning!
Photo: Bitcoin Sistemi
Moody's, one of the leading credit rating agencies, assigned Ripple's dollar-pegged stablecoin RLUSD an A2 rating for long-term deposits and a P-1 rating for short-term deposits. This decision provides an important reference point for institutional investors in assessing stablecoin risks, with reserve structure and potential default scenarios also being considered. RLUSD's Reserve Structure Supports the Note! According to The Defiant, the notes cover RLUSD, which is issued directly on the XRP Ledger and Ethereum networks by Ripple's subsidiary Standard Custody & Trust Company.
Source: Bitcoin Sistemi
