RLUSD
+0.0%Moody's assigns RLUSD A2 and P-1 ratings after Ripple wins OCC approval
Image: Cryptonews.comMoody's assigned RLUSD an A2 long-term rating and a P-1 short-term rating. The ratings cover RLUSD issued on the XRP Ledger and Ethereum by Standard Custody & Trust Company. Ripple won final OCC approval for a national trust bank. The bank will manage RLUSD reserves, while SCTC remains the issuer. Ripple says RLUSD is the first stablecoin to receive an investment-grade Moody's rating.
Key points
- Moody's assigned RLUSD an A2 long-term rating and a P-1 short-term rating.
- The ratings cover RLUSD issued on the XRP Ledger and Ethereum by Standard Custody & Trust Company.
- Ripple won final OCC approval for a national trust bank.
- The approved bank will manage RLUSD reserves, while SCTC remains the issuer.
- Ripple says RLUSD is the first stablecoin to receive an investment-grade Moody's rating.
Why it matters
The ratings give institutions a formal credit assessment for RLUSD, and the OCC approval lets Ripple's bank manage RLUSD reserves. One report questions whether XRP holders will capture value from RLUSD growth.
What's unclear
Reports differ on timing: one says the Moody's rating arrived alongside the OCC approval, while the other says it came a day after.
It remains unclear whether XRP holders will capture value from RLUSD growth, according to one report.
Price context · RLUSD
At publication
$1.00
Now
$1.00
Change since
+0.00%
7 days · dashed line = publication
Sources · 3 publishers
Decrypt
Tier 1
Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval
Bitcoin.com News
Tier 2
Ripple’s RLUSD Wins Historic Moody’s Rating After US Bank Approval
Coverage timeline
- First reported by Cryptonews.com
- Also reported by Decrypt
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
