DECRYPT · 2026-10-28 12:16 UTC

Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval

Moody's assigned an A2 long-term rating to Ripple's RLUSD stablecoin, citing quality reserves held mainly in Treasury bills and cash with custodian BNY. The rating came one day after Ripple received final OCC approval for Ripple National Trust Bank to manage RLUSD reserves. RLUSD, launched in December 2024, has a $2.6 billion market cap and is being positioned for institutional adoption through partnerships with Standard Chartered, Mastercard, and others.

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