Moody’s Issues Long-Term and Short-Term Ratings for Ripple (XRP) with Praise and Warnings
Key Highlights: Moody’s has assigned Ripple’s dollar-pegged stablecoin, RLUSD, an A2 rating for long-term deposits and a P-1 rating for short-term deposits. The rating reflects RLUSD’s conservative reserve structure, which targets a 103% reserve coverage ratio composed largely of short-term U.S. Treasury bonds and cash. Standard Custody & Trust Company issues the stablecoin on the ...