RLUSD Becomes First Stablecoin to Receive Moody’s Investment-Grade Rating
Photo: TheCoinrise
Ripple's dollar-pegged token earns a milestone credit assessment, prompting fresh questions about XRP's price trajectory. Ripple's stablecoin, RLUSD, has reportedly earned an investment-grade rating from Moody's, making it the first stablecoin to receive such a designation. The news was reported by CoinGape and CryptoPotato, both pointing to the rating as a milestone for the stablecoin sector. Moody's is one of the major global credit rating agencies, known for assessing the creditworthiness of corporate and sovereign debt. An investment-grade rating from the firm typically signals lower perceived risk and greater reliability to institutional investors.
Source: TheCoinrise
