Update
Ripple USD Receives Moody’s Investment-Grade Rating
Ripple announced that Ripple USD (RLUSD) has received an investment-grade rating from Moody’s, a day after the company won final approval for a national trust bank. The rating, which targets 103% reserve coverage, was assigned by Moody’s with long-term and short-term deposit ratings of A2 and P-1, respectively. This marks the first time a stablecoin has received such a rating from Moody’s. The bank’s approved activities include managing RLUSD reserves and serving as collateral trustee for holders, while Standard Custody & Trust Company (SCTC) remains the issuer.