Ripple’s RLUSD Earns Moody’s Investment-Grade Rating in Stablecoin Milestone

Ripple’s RLUSD reportedly became the first stablecoin to receive an investment-grade credit rating from Moody’s, the credit rating agency, according to an announcement by Ripple stablecoins SVP Jack McDonald on X. Moody’s assigned an A2 long-term rating and a P-1 short-term rating, its highest short-term grade under its stablecoin framework, after reviewing reserve quality and liquidity, custody relationships, regulatory oversight, redemption process and operational controls. The review cited daily reserve monitoring, weekly liquidity stress tests, monthly independent CPA attestations and cybersecurity controls, while noting that holders do not directly own the reserve assets and the issuer is not shielded from bankruptcy; it said eligible institutional holders can redeem at par within two business days after a compliant request.