Moody's assigned A2 long-term and P-1 short-term deposit ratings to Ripple USD (RLUSD), the dollar-backed stablecoin issued by Ripple subsidiary Standard Custody & Trust Company, citing reserves held mainly in short-term U.S. government assets and cash, with a 103% coverage target. Moody's noted that Standard Custody is not bankruptcy-remote and RLUSD holders have no direct ownership interest in the reserves, although the GENIUS Act, due to take effect in 2027, will exclude required reserves from an issuer's bankruptcy estate. The rating was requested by the issuer and came a day after final OCC approval for Ripple National Trust Bank, which will manage the reserves. Launched in 2024 with a market capitalization of about $2.6 billion, RLUSD is still a small share of a stablecoin market worth some $300 billion, and Ripple is pitching it to institutions.
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Related tickers and likely impact
XRP/USDT
▲ Likely positiveXRP
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $82.0B |
| Close on 10/27/2026 | 1.33130 |
| Change that session | +1.69% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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