Moody's has assigned A2 long-term and P-1 short-term deposit ratings to Ripple USD (RLUSD), marking a significant credit endorsement for the stablecoin. The rating agency cited RLUSD's strong reserve coverage, liquidity profile, and redemption arrangements as key factors supporting the investment-grade assessment. The A2/P-1 ratings place RLUSD among the higher-tier credit-quality instruments in the stablecoin market, potentially bolstering institutional confidence in Ripple's dollar-backed token.