Ripple's RLUSD Stablecoin Receives Investment-Grade Ratings from Moody's
Moody's has assigned A2 and P-1 ratings to Ripple's dollar-pegged stablecoin RLUSD, raising questions about value capture for XRP holders.
Moody's has assigned A2 and P-1 ratings to Ripple's dollar-pegged stablecoin RLUSD, raising questions about value capture for XRP holders. XRP (XRP) is trading at $1.31, down 0.8% since this brief published. This is an original TLT brief synthesising 6 outlets (BeInCrypto, Bitcoin Sistemi, Finbold, and others), plus live market data, as of Wed, 28 Oct 2026 14:15:03 UTC.
The investment-grade ratings could enhance trust and adoption of RLUSD, potentially impacting the broader stablecoin market and Ripple's ecosystem. However, the distribution of benefits between RLUSD and XRP remains unclear.
- Moody's Announces Long-Term and Short-Term Ratings for Ripple (XRP)! Both Praise and Warning! ↗
- Ripple Brings RLUSD to Robinhood as Moody’s Rates It A2: How Much of This XRP News Reaches XRP? ↗
- Moody's Rates Ripple's $2.6B RLUSD Stablecoin A2, a Day After OCC Bank Approval ↗
- Will XRP Holders Gain From Ripple’s Moody’s-Rated Stablecoin? ↗
- Moody's Assigns A2 Deposit Rating to Ripple's RLUSD, Ties Upgrade Path to GENIUS Act ↗
- Moody’s assigns investment-grade ratings to Ripple’s RLUSD ↗
- Moody's assigned RLUSD an A2 long-term and P-1 short-term rating.
- RLUSD operates on two blockchains with a $2.57B circulating supply.
- The ratings could boost RLUSD adoption but raise questions about XRP benefits.
BeInCrypto and Bitcoin Sistemi both report that Moody's has assigned investment-grade ratings to Ripple's RLUSD stablecoin, with an A2 long-term and P-1 short-term rating. They agree on the basic facts of the rating announcement but differ in emphasis: BeInCrypto focuses on the implications for XRP holders, while Bitcoin Sistemi highlights both praise and warnings in Moody's announcement. The verified circulating supply of RLUSD is $2.57B according to DeFiLlama.
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- Ripple's RLUSD Stablecoin Enters Türkiye Market via Inveo Kripto Partnership
- Robinhood Partners with Ripple to Launch RLUSD Stablecoin for 29M Users
- Moody's Assigns RLUSD A2 Rating, Signaling Institutional Confidence
- Ripple's RLUSD Stablecoin Receives Investment-Grade Ratings from Moody's — this brief
On October 28, Moody's assigned investment-grade ratings to Ripple's dollar-pegged stablecoin RLUSD, awarding it an A2 long-term deposit rating and a top P-1 short-term rating. This development marks a significant milestone for Ripple's stablecoin ambitions.
RLUSD operates on two blockchains and currently has a circulating supply of $2.57 billion, according to DeFiLlama. The investment-grade ratings could enhance trust and potentially drive wider adoption of the stablecoin.
While the ratings are a positive development for RLUSD, they raise questions about value capture for 
XRP holders. The relationship between Ripple's stablecoin initiatives and the XRP token remains complex and unclear.
The ratings announcement comes at a time when the total cryptocurrency market cap stands at $2.77 trillion, with 
Bitcoin showing a modest 24-hour gain of 0.53%. XRP itself is currently priced at $1.32, up 0.28% in the last 24 hours but down 2.98% over the past week.
The investment-grade ratings could position RLUSD as a more competitive player in the stablecoin market, which is currently dominated by 
Tether (USDT) and USD Coin (USDC). However, the long-term impact on Ripple's ecosystem and XRP holders will depend on how the company leverages this development.
Since this brief published about 1 hour ago, XRP (XRP) has moved from $1.32 to $1.31 — -0.76%.
The chart plots XRP's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 XRP ≈ ₦1,815.97 (about $1.31), up 0.1% over 24 hours. The naira itself trades about 2.4% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Ripple's RLUSD Stablecoin Receives Investment-Grade Rati — questions & answers
What ratings did Moody's assign to RLUSD?
Moody's assigned RLUSD an A2 long-term and P-1 short-term rating.
How much is RLUSD's circulating supply?
RLUSD has a circulating supply of $2.57 billion.
What impact could the ratings have on XRP?
The ratings could boost RLUSD adoption but raise questions about benefits for XRP holders.
How much is 1 XRP worth in naira today?
About ₦1,815.97 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $1.31. The naira price moves with both XRP's US-dollar price and the USDT/NGN rate; use our XRP in naira page for any amount.
Has XRP's price moved since this brief was published?
XRP is down 0.76% since this brief first published — trading at $1.31 now versus $1.32 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from BeInCrypto, Bitcoin Sistemi, Finbold, Unchained, Decrypt, 99Bitcoins, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.