Moody's assigns an A2 long-term and P-1 short-term deposit rating to Ripple stablecoin RLUSD.

on October 28, Moody's assigned an A2 long-term and P-1 short-term deposit rating to Ripple USD (RLUSD). Moody's stated that the strong ratings reflect the stablecoin's reserve coverage, liquidity, and redemption arrangements.