Moody's said the A2 rating reflects the credit quality and market value of RLUSD's reserve assets, reserve coverage, liquidity and redemption arrangements, plus segregation and third-party custody. Standard Custody & Trust targets 103% reserve coverage, above the minimum for the rating. Reserves are mostly U.S. Treasury bills, short-term government assets and cash held at BNY, an Aa1-rated custodian. Ratings follow Moody's March 2026 stablecoin methodology; deterioration in reserves or liquidity could lower them. Ripple's Jack McDonald called RLUSD the first stablecoin rated investment-grade by Moody's. RLUSD, launched December 2024, has a $2.5 billion market cap, and Ripple just received final OCC approval for its national trust bank.

AI summary of the linked source — not editorial content.

Story signal · how it spread on X · via Elfa

as of
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i
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16 accounts

first post
Leviathan +8.1 h later

XRP reaction
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$1.34 → $1.33
BTC +0.7% same window

RLUSD attention
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+82.0% vs prior 7d

0.437% of crypto chatter · rank #25
last 24h +82.0%

Thread · 1 event
  1. First reportMoody’s assigns Ripple’s RLUSD A2 long-term and P-1 short-term ratings16 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @Xfinancebull X Finance BullFirst reportOn X ↗

    🚨 JUST IN: Moody's just rated Ripple's stablecoin $RLUSD. A2 long-term. P-1 short-term. According to Ripple's Jack McDonald, P-1 is the highest short-term rating possible under Moody's new stablecoin framework. Think about who reads Moody's ratings. Banks. Pension funds.…

  • @cryptodylnews Crypto Dyl NewsOn X ↗

    🔔 @Ripple’s $RLUSD has reportedly become the first stablecoin to receive an investment-grade credit rating from Moody’s, earning an A2 long-term rating and P-1 short-term rating, the highest possible short-term grade. The assessment covers reserve quality, liquidity, redemption… https://t.co/kneUR3oBOS

  • @CointelegraphOn X ↗

    🔥 TODAY: Moody’s Ratings has assigned Ripple’s RLUSD stablecoin A2 long-term and P-1 short-term ratings, citing reserves held mostly in US Treasurys and cash.

Show 3 more cited posts
  • @WhaleInsider Whale InsiderOn X ↗

    JUST IN: Moody's gave Ripple’s $RLUSD A2 long-term and P-1 short-term deposit ratings. The agency said the strong ratings reflect the stablecoin's reserve coverage, liquidity, and redemption arrangements.

  • @CPOfficialtx CryptopolitanOn X ↗

    UPDATE: Moody’s Ratings has assigned @Ripple's $RLUSD stablecoin an A2 long-term rating and a P-1 short-term rating. The ratings reflect RLUSD’s reserves, primarily backed by U.S. Treasurys and cash, marking a significant milestone for Ripple’s stablecoin.

  • @TheBlockCo The BlockOn X ↗

    THE BLOCK: Moody's gave Ripple USD (RLUSD) A2 long-term and P-1 short-term deposit ratings. The agency said the strong ratings reflect the stablecoin's reserve coverage, liquidity, and redemption arrangements. ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed ripple:native

10 more accounts posted about this · 2 Telegram channels (no public link)

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Positioning · XRP

Open360 open positions · 323 long · 37 short

Tracked accounts lean long about 97% of the time, so a long-heavy book is normal, not a signal. As of 28 Oct 09:32 UTC.

Reaction since the first post

Since 28 Oct 01:27 UTC2 calls opened · 2 long · 0 short

Whole crypto market, not this story

Crowding5th percentile · vs last 28 days, 50 typical
Pulse 24h65/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.1% long · 10,720 accounts

As of 28 Oct 09:20 UTC.

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