According to the review’s headline, Moody’s assigned Ripple’s stablecoin RLUSD A2 and P-1 ratings: this is the first investment-grade assessment of a stablecoin by one of the major rating agencies. Ripple also recently received final OCC approval to establish a national trust bank. $XRP is currently trading near $1.32, and the market has yet to price in these developments. For Ripple, this is a story about institutional trust, not a quick surge.
Will ratings and licenses give $XRP a new catalyst? 👇
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