Moody’s rates Ripple’s RLUSD stablecoin A2, sets P-1 for short term liquidity

Moody’s Investors Service has assigned Ripple ‘s RLUSD stablecoin a long-term credit rating of A2 and a short-term rating of P-1, marking a significant milestone for digital assets as this represents the first time a native payment token has received an investment-grade assessment from one of the Big Three ratings agencies. The P-1 short-term rating is Moody’s highest possible score for liquidity. By awarding this rating, Moody’s has placed RLUSD’s ability to meet short-term obligations on par with that of stable commercial banks, establishing a new standard for the digital fiat currency sector.

Source: CoinTurk News