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Crypto · October 28, 2026

Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin

3 sources →

Moody's Ratings has assigned Ripple's RLUSD stablecoin an Decrypt long-term deposit rating and a P-1 short-term deposit rating. The ratings evaluate the credit quality of the stablecoin's reserve assets, which are held by Standard Custody & Trust Company, a Ripple subsidiary. Following these ratings, Coinbase integrated RLUSD into its retail and institutional platforms, including support for the Base blockchain. The stablecoin is backed by U.S. Treasury bills, government assets, and cash, with a targeted reserve coverage of 103%.

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Hype check

How the hype check works

Confirmed · 2

Backed by filings, on-chain data, official statements or several independent publishers.

  • Moody's assigned A2 and P-1 ratings to RLUSD (Moody's Ratings)
  • Coinbase added RLUSD to its platforms (Coinbase)

Claimed · 1

Said by a company, project or person; not yet independently confirmed.

  • RLUSD has a target of 103% coverage of tokens in circulation (Ripple)

Speculation · 1

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • RLUSD entry into Base introduces fresh competition for USDC (CryptoSlate)

Reported by multiple outlets

  • Moody's assigned RLUSD an Decrypt long-term deposit rating.
  • Moody's assigned RLUSD a P-1 short-term deposit rating.
  • RLUSD is issued by Standard Custody & Trust Company, a Ripple subsidiary.
  • The stablecoin reserves consist of U.S. Treasury bills, short-term government assets, and cash.

Reported by only some outlets

  • RLUSD has launched on Coinbase's retail application, Coinbase Exchange, and Coinbase Prime.
  • RLUSD is available on the Base blockchain.
  • Ripple's national trust bank received final OCC approval.
  • RLUSD has backing from firms including Standard Chartered and Mastercard.
  • RLUSD market capitalization is reported by CryptoSlate at over $2.4 billion.
  • Standard Custody & Trust Company is not a bankruptcy-remote entity.
  • The GENIUS Act is expected to affect stablecoin holder ownership interests in reserves.

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CadNews does not determine absolute truth or endorse political viewpoints. It compares publicly available reporting, identifies shared facts, highlights framing differences, and flags uncertainty.