Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most
- The RLUSD received a top rating in its stability, management, and governance according to Bluechip.org.
- Ripple Labs partnered with BNY Mellon to facilitate primary custody of Ripple USD reserves.
- The mainstream adoption of RLUSD has a ripple effect on XRP’s bullish outlook.
Ripple USD (RLUSD), the U.S. dollar-backed stablecoin from Ripple, has received the highest possible rating from the Bluechip organization. Last Friday, Bluechip initiated its coverage of RLUSD with an initial “A” rating, signifying “very low market risk.”
According to Ripple Labs CEO Brad Garlinghouse, the Bluechip rating is a clear indication of the high trust the public has in the new stablecoin. Bluechip also identified RLUSD with a stability score of 0.91, a management score of 0.84, and a governance score of 0.86—all within the “very low risk” category.
Reasons Why Ripple USD (RLUSD) Achieved Top Ratings
A key reason for the top rating is that Ripple Labs…
The post Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most appeared first on Coin Edition.
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Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most
- The RLUSD received a top rating in its stability, management, and governance according to Bluechip.org.
- Ripple Labs partnered with BNY Mellon to facilitate primary custody of Ripple USD reserves.
- The mainstream adoption of RLUSD has a ripple effect on XRP’s bullish outlook.
Ripple USD (RLUSD), the U.S. dollar-backed stablecoin from Ripple, has received the highest possible rating from the Bluechip organization. Last Friday, Bluechip initiated its coverage of RLUSD with an initial “A” rating, signifying “very low market risk.”
According to Ripple Labs CEO Brad Garlinghouse, the Bluechip rating is a clear indication of the high trust the public has in the new stablecoin. Bluechip also identified RLUSD with a stability score of 0.91, a management score of 0.84, and a governance score of 0.86—all within the “very low risk” category.
Reasons Why Ripple USD (RLUSD) Achieved Top Ratings
A key reason for the top rating is that Ripple Labs…
The post Ripple’s RLUSD Stablecoin Earns Top “A” Rating; Here’s Why XRP Stands to Benefit the Most appeared first on Coin Edition.
Read More