On the 27th, Moody's, a leading rating agency, assigned an investment-grade long-term A2 and a top-tier short-term P-1 deposit rating to the dollar-denominated stablecoin RLUSD, issued by a Ripple subsidiary. A Ripple executive in charge of stablecoins stated on X that RLUSD is the first stablecoin to receive an 'investment-grade' rating from Moody's.
The subject of the rating is the issuance by Standard Custody and Trust...
