XRP Army & Ripple Rejoice As RLUSD Becomes New Number 1 Ranked Stablecoin

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, compliance, and scale global businesses demand. We appreciate @bluechip_org’s A rating and recognition of $RLUSD as the market’s most trusted stablecoin.”

Bluechip Rates RLUSD as Its Highest-Ranked Stablecoin

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Bluechip’s tweet stated: “The highest-rated stablecoin on Bluechip has never changed. But today, RLUSD becomes the new #1 ranked stablecoin. Bluechip is beginning coverage for RLUSD by @Ripple with an initial rating of A. This reflects our view that RLUSD is one of the safest stablecoins available.”

The detailed ratings report, attached to Bluechip’s post, provides a breakdown of RLUSD’s performance across several key criteria. The agency assessed RLUSD with a stability score of 0.91, categorizing it as stable. Management received a score of 0.84, and governance was rated at 0.86, both assessed as very low risk.

Bluechip’s report described RLUSD as backed by US Treasury bills, government money market funds, and bank deposits, which it noted are assets with low credit and duration risks. RLUSD is also regulated by the New York Department of Financial Services, placing it under stringent regulatory oversight.

Custody, Segregation, and Institutional Access Highlighted in Report

The Bluechip report further outlined the institutional safeguards supporting RLUSD. According to the findings, reserves are held by the Bank of New York Mellon, which is described as the largest custodian of financial securities globally and classified as a systemically important financial institution.

Reserves are also maintained in segregated accounts to protect token holders in the event of issuer bankruptcy. Institutional users can mint and redeem RLUSD directly through Ripple, while retail users can access the stablecoin through secondary markets.

These factors contributed to Bluechip’s overall positive assessment and its assignment of an “A” rating, positioning RLUSD at the top of Bluechip’s stablecoin rankings.

Industry Commentary Welcomes RLUSD’s Recognition

Ripple and Bluechip’s coordinated statements reflect RLUSD’s intended positioning as a stablecoin designed to meet the demands of institutional and enterprise users, with a focus on regulatory compliance and risk management. Bluechip’s independent evaluation affirmed that RLUSD meets its standards for safety and reliability in the stablecoin sector.

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