Ripple's RLUSD stablecoin has launched on Coinbase and its Base blockchain after Moody's assigned the token an investment-grade credit rating. The agreement announced Wednesday makes RLUSD...
"Proud to see RLUSD helping set a new benchmark for institutional trust in stablecoins," said a Ripple exec.
Within days, Ripple got a U.S. bank charter, a Moody’s (NYSE: MCO) rating, and deals with Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD), and BNY (NYSE: BK). RLUSD, its stablecoin, has under 1%...
The ratings agency cited RLUSD's Treasury-heavy reserves, but noted that holders have no direct ownership interest in them for now.
RLUSD earns Moody’s A2 rating as Ripple secures OCC trust-bank approval. Can XRP benefit from stablecoin growth like BNB did?
Moody’s assigned Ripple’s RLUSD an A2 long-term rating and P-1 short-term rating, while the credit opinion does not guarantee its dollar peg.
The ratings cover native RLUSD on XRP Ledger and Ethereum, with reserve safeguards weighed against holders’ exposure to an issuer bankruptcy.... Read the full story at The Defiant
The federally supervised bank will manage RLUSD's reserves and offer custody, as banking groups fight crypto charters in court.
Cryptocurrency exchange Coinbase is adding Ripple's stablecoin RLUSD to its platform, expanding its slate of dollar-backed crypto tokens.
Customers in supported regions can convert US dollars into RLUSD one-for-one. Access spans the retail app, Coinbase Exchange and Prime.... Read the full story at The Defiant
Ripple's RLUSD stablecoin is live on Robinhood Chain and Bitstamp, and heads to the Robinhood app later this year as the companies deepen ties in treasury and institutional trading.
The stablecoin will become a key asset across Robinhood's crypto ecosystem.
Ripple also expanded its collaboration with BNY on digital asset custody and partnered with C2FO to bring trade finance settlement onto the XRP Ledger.
Ripple is expanding XRP Ledger adoption through two deals, bringing faster supplier payments with C2FO and institutional custody services with BNY.
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