Moody’s Gives Ripple’s RLUSD A2 and P-1 Deposit Ratings
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Moody’s assigned A2 and P-1 deposit ratings to Ripple’s RLUSD, weighing reserve safeguards against holders’ exposure to an issuer bankruptcy.
Moody’s has assigned A2 and P-1 deposit ratings to Ripple’s RLUSD, according to The Defiant.
The ratings apply to RLUSD issued natively on the XRP Ledger and Ethereum. Both blockchain versions fall within the assessment’s scope.
Moody’s weighed protections surrounding RLUSD’s reserves alongside the risks holders could face if the issuer entered bankruptcy.
Source: The Defiant
