According to CoinMeta, as reported by Coin Bureau, Moody's has granted the $2.6B RLUSD stablecoin of Ripple an investment-grade rating as well as its highest short-term rating, P-1. These ratings indicate strong credit quality, top-notch short-term repayment capability, and are backed by U.S. Treasury bonds and cash, with a target reserve coverage rate of 103%. This milestone marks Ripple's final approval from the National Trust Corporation of the United States, providing a significant boost to the institutional credibility of the $RLUSD.