Moody’s upgrades Ripple’s RLUSD stablecoin to investment grade

• Moody’s assigned RLUSD long-term A2 and short-term P-1 ratings.
• The assessment is based on the credit quality and market value of its reserve assets.
• The move positions RLUSD as a stablecoin with high credit quality.
• The information was announced by Moody’s Ratings.
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Source: The Block