--- title: "Moody's assigns A2 and P-1 ratings to Ripple's RLUSD stablecoin" description: "Moody's Ratings assigned an A2 long-term and P-1 short-term deposit rating to Ripple USD (RLUSD), Decrypt reported, citing RLUSD's Treasury-heavy reserves.…" language: en canonical: "https://whycoinmoves.com/en/events/ripple-moody-s-assigns-investment-grade-6b653a52bbc870" published: 2026-10-28T09:18:06.000Z updated: 2026-10-28T12:25:02.000Z indexable: true --- # Moody's assigns A2 and P-1 ratings to Ripple's RLUSD stablecoin Moody's Ratings assigned an A2 long-term and P-1 short-term deposit rating to Ripple USD (RLUSD), Decrypt reported, citing RLUSD's Treasury-heavy reserves.… Attributed sources: [The Block](), [Decrypt]() ## Key facts Moody's Ratings assigned an A2 long-term and P-1 short-term deposit rating to Ripple USD (RLUSD), Decrypt reported, citing RLUSD's Treasury-heavy reserves. The Block reported the ratings cite the credit quality and market value of the reserve assets. Decrypt said the token's market capitalization is about $2.6 billion, per CoinGecko. Evidence strength: Multiple publishers, 2 publisher group(s) (The Block, Decrypt). After site detection, observed returns were 5 minutes: -0.15% (difference from BTC -0.13 pp; Oct 28, 2026, 09:18 → Oct 28, 2026, 09:23, UTC; Gate · USDT); 1 hour: -0.29% (difference from BTC -0.28 pp; Oct 28, 2026, 09:18 → Oct 28, 2026, 10:18, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 2.11% (OKX · USDT; cutoff Oct 28, 2026, 09:18, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.15% | -0.02% | -0.13 pp | Oct 28, 2026, 09:18 → Oct 28, 2026, 09:23 | Gate · USDT | | 1 hour | -0.29% | -0.01% | -0.28 pp | Oct 28, 2026, 09:18 → Oct 28, 2026, 10:18 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.24% | | 99th percentile of absolute hourly returns | 2.11% | | BTC beta | 1.42 | | Source / cutoff (UTC) | OKX · USDT / Oct 28, 2026, 09:18 | ## Claims and open questions - Moody's Ratings assigned an A2 long-term and P-1 short-term deposit rating to RLUSD, with reserves held mainly in Treasury bills, other short-term U.S. government assets and cash, most of it with custodian BNY, Decrypt reported. - Moody's said Standard Custody is not a bankruptcy-remote entity and RLUSD holders do not currently have a direct ownership interest in the reserves, though the GENIUS Act due to take effect in 2027 will exclude required reserves from an issuer's bankruptcy estate, according to Decrypt. - The Block reported that Moody's assigned the RLUSD A2 long-term and P-1 short-term ratings, citing the credit quality and market value of its reserve assets. - What the full Moody's ratings report says about conditions or outlook beyond the gaps in holder protection described by Decrypt would require the agency's published document. ## Source evidence - [Moody’s assigns investment-grade ratings to Ripple’s RLUSD stablecoin]() — The Block; published Oct 28, 2026, 09:15; received Oct 28, 2026, 09:18 (UTC). - [Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval]() — Decrypt; published Oct 28, 2026, 12:16; received Oct 28, 2026, 12:19 (UTC). ## Recent XRP events and market reactions - [Ripple's RLUSD goes live on Robinhood Chain and Bitstamp, with app rollout planned]() — Published Oct 27, 2026, 16:35 (UTC) · Multiple publishers (3 publishers) · Market watch · 5m -0.03% / 1h +0.32% - [Ripple receives final OCC approval for national trust bank]() — Published Oct 27, 2026, 00:06 (UTC) · Multiple publishers (4 publishers) · General news · 5m -0.03% / 1h -0.19% / 24h +1.44% - [Aviva Investors lists tokenized share class of sterling fund on XRP Ledger]() — Published Oct 26, 2026, 11:34 (UTC) · Multiple publishers (2 publishers) · General news · 5m +0.16% / 1h +0.69% / 24h +0.95% - [XRP Ledger sets bug-fix patch to activate while lending feature awaits validator votes]() — Published Oct 19, 2026, 20:46 (UTC) · Multiple publishers (2 publishers) · General news · 1h -0.12% - [Full coin archive]() ## Research for this archive - [Will Bitcoin go back up? Every crash since 2011 and its recovery time]() - [Do XRP and Solana ETF flows move the price? First-year data]() - [Best time to trade crypto: volatility by hour and time zone]() - [Does high trading volume predict crypto volatility? 41 coins tested]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()