Ripple’s RLUSD Wins Historic Moody’s Rating After US Bank Approval
Ripple says Ripple USD (RLUSD) has become the first stablecoin to receive an investment-grade rating from Moody’s, a day after the company won final approval for a national trust bank. The issuer targets 103% reserve coverage, while bankruptcy risks remain a qualification in the assessment. RLUSD Receives A2 and P-1 Ratings Moody’s Ratings assigned RLUSD […]
Key Takeaways
- Ripple says Ripple USD (RLUSD) has become the first stablecoin to receive an investment-grade rating from Moody’s, a day after the company won final approval for a national trust bank.
- The issuer targets 103% reserve coverage, while bankruptcy risks remain a qualification in the assessment.
- RLUSD Receives A2 and P-1 Ratings Moody’s Ratings assigned RLUSD […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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