Moody's assigns investment grade to Ripple's stablecoin RLUSD
MCO Moody's Corp
$510.71 -0.07%
View chart & analysis → - 1Moody's assigned long-term A2 and short-term P-1 deposit ratings to Ripple's US dollar-pegged stablecoin RLUSD.
- 2RLUSD, which has a US market capitalization of 2.5 billion dollars, is pegged 1:1 to the US dollar.
- 3Ripple evaluated this credit rating assignment as a massive validation for the RLUSD stablecoin.
So what's the key point?
Moody's gave a credit rating to Ripple's dollar-pegged coin, RLUSD. This rating assignment serves as proof that RLUSD is reliable.
Source CryptoProwl +1 · View original ↗
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