Ripple

Ripple is closely monitoring reports of a potential exploit involving Binance and its attackers’ RLUSD holdings and we are actively freezing affected funds. We’re coordinating with relevant parties and stand ready to support any investigation and appropriate action to keep users protected.

Today $RLUSD is live on @coinbase, the largest U.S. crypto exchange. Access and distribution are everything when it comes to stablecoins, and this brings RLUSD to a massive retail and institutional customer base, with trading, settlement and custody in one place. And we’re still just getting warmed up. 💪🏼 ripple.com/ripple-press/ripp…

More good news for $RLUSD this week - @moodysratings has assigned RLUSD an A2 long-term rating and P-1 short-term rating, the highest possible short-term rating under its new stablecoin framework.  TL;DR: RLUSD is the first stablecoin to have ever received an investment-grade Moody’s rating. This is one of the most respected independent credit rating agencies in the world, and a massive validation of the quality, transparency and institutional-grade infrastructure behind RLUSD.  Moody’s assessed everything from the credit quality and liquidity of @Ripple’s reserves to redemption arrangements, custody relationships, regulatory oversight, and operational controls in their rigorous methodology.  As RLUSD continues to grow, this kind of independent validation matters more than ever. Moody’s has helped set the standard for assessing credit quality and risk across traditional finance for decades, and bringing that same level of assessment to stablecoins themselves is a major step forward for the industry. Proud to see RLUSD helping set a new benchmark for institutional trust in stablecoins. ratings.moodys.com/ratings-n…