Ripple Expands RLUSD Partnership With Robinhood as Moody's Assigns Deposit Ratings
Ripple and Robinhood expanded their partnership to bring the RLUSD stablecoin to retail and institutional markets, according to Cointelegraph. CNBC reported the deal extends Ripple’s RLUSD digital dollar through Robinhood’s platform as stablecoins take on a larger role in crypto’s shift toward 24/7 market liquidity.
Cointelegraph also reported that Ripple widened its existing collaboration with BNY on digital asset custody and struck a separate partnership with C2FO to settle trade finance transactions on the XRP Ledger.
Separately, Moody’s assigned RLUSD an A2 deposit rating and a P-1 short-term rating, according to The Defiant. The ratings apply to native RLUSD issued on both the XRP Ledger and Ethereum, and factor in the stablecoin’s reserve safeguards against holders' potential exposure if the issuer were to enter bankruptcy, The Defiant reported.
Sources: CNBC, Cointelegraph, The Defiant
This article is for information only and is not financial advice.
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