ethereum ·
Moody's Assigns Ripple RLUSD A2, P-1 Deposit Ratings for XRP Ledger, Ethereum
The deposit ratings for Ripple's RLUSD, specifically an A2 and P-1, have been issued by Moody's. These assessments pertain to the native RLUSD circulating on both the XRP Ledger and Ethereum.
The evaluation process considered the protective measures in place for the reserves while simultaneously taking into account the potential risk faced by holders should the issuing entity experience insolvency.
This rating action is significant as it provides external validation regarding the stability profile of a digital asset linked to Ripple.
This development reflects the growing scrutiny from established financial institutions toward the underlying mechanisms of decentralized finance instruments.
