Moody's assigned Ripple's RLUSD an A2 long term and P-1 short term rating, as Cointelegraph posted today, Oct 28, 2026.
Moody's cited reserves held mostly in US Treasurys and cash, reflecting reserve size, liquidity and redemption capacity.
Per the supplied material on the Moody's release, it covers RLUSD on XRP Ledger and Ethereum, issued by Standard Custody & Trust, with reserves in short T-bills and cash, a 103% coverage target and BNY as primary custodian.