XRP Army & Ripple Rejoice As RLUSD Becomes New Number 1 Ranked Stablecoin
2025-07-20 07:27:40
Main Idea
Ripple's RLUSD stablecoin has been rated as the top-ranked stablecoin by Bluechip, highlighting its security, compliance, and scalability for enterprise use.
Key Points
1. Ripple emphasized RLUSD's enterprise-grade qualities, including security, compliance, and scalability, in a statement on X.
2. Bluechip, an independent rating agency, assigned RLUSD an 'A' rating, recognizing it as the most trusted stablecoin in the market.
3. RLUSD is backed by US Treasury bills, government money market funds, and bank deposits, with regulatory oversight by the New York Department of Financial Services.
4. Bluechip's report highlighted RLUSD's stability score of 0.91, management score of 0.84, and governance score of 0.86, categorizing it as stable and low-risk.
5. Reserves for RLUSD are held by the Bank of New York, and institutional users can mint and redeem RLUSD directly.
Description
In a recent development, Ripple published a statement on X emphasizing the enterprise-grade qualities of its RLUSD stablecoin. Ripple’s post underscored RLUSD’s focus on security, compliance, and scalability for global businesses. The company expressed appreciation for Bluechip, an independent stablecoin rating agency, which assigned RLUSD an “A” rating and recognized it as the most trusted stablecoin in the market. Ripple wrote: “Built for enterprise use cases, $RLUSD delivers the security, com...
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