Follow UsMoody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval
Bullish-0.01%
28 Oct, 12:16
Source: Decrypt
AI Summary
Moody's assigns an A2 credit rating to Ripple's $2.6B RLUSD stablecoin, marking a significant step in regulatory validation and institutional adoption following recent OCC approvals.
The ratings agency cited RLUSD's Treasury-heavy reserves, but noted that holders have no direct ownership interest in them for now.