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Moody's Ratings assigned Ripple USD (RLUSD) A2 long-term and P-1 short-term deposit ratings, announced October 27, 2026 (New York). The ratings apply only to RLUSD issued natively by Standard Custody & Trust Company (SCTC), a Ripple Labs subsidiary, on the XRP Ledger and Ethereum.

KEY DETAILS

- Moody's Ratings assigned Ripple USD (RLUSD) A2 long-term and P-1 short-term deposit ratings, announced October 27, 2026 (New York).

- The ratings apply only to RLUSD issued natively by Standard Custody & Trust Company (SCTC), a Ripple Labs subsidiary, on the XRP Ledger and Ethereum.

- Moody's says the reserve is mainly short-duration U.S. government assets and cash, most held at BNY as custodian, and SCTC targets 103% reserve coverage.

- Moody's notes SCTC is not a bankruptcy-remote entity and RLUSD holders do not currently have a direct ownership interest in the reserve.

WHY IT MATTERS

A familiar credit yardstick for stablecoin reserves, with caveats on holder protection. (Analysis, not a confirmed fact.)

IMPORTANT CONTEXT

- Ratings are Moody's opinions of relative credit risk. They are not recommendations and do not address price volatility.

- Moody's says the ratings are solicited (requested by the issuer).

- Moody's lists reserve deterioration, lower coverage or weaker redemption liquidity as possible reasons for a downgrade.

- This article is informational and is not financial advice. Digital assets are volatile.

SOURCE

- Primary / main source: https://ratings.moodys.com/ratings-news/475989

- Supporting: https://www.theblock.co/news/web3/2026-10-28-moodys-ripple-rlusd-stablecoin-431969

- Supporting: https://thedefiant.io/converge/tradfi-and-fintech/moody-s-assigns-ripple-s-rlusd-a2-and-p-1-deposit-ratings

#RLUSD #Stablecoins