Moody's rates Ripple's RLUSD A2, yet the stablecoin still lacks MiCA approval in the EU

Rating agency Moody’s has given Ripple’s stablecoin RLUSD an investment-grade rating: A2 long term and P-1 short term. For you in Germany, that does not change availability for now, because RLUSD still has no authorisation in the European Union as an e-money token under MiCA. The rating assesses the issuer’s creditworthiness, not your access to the token. It is precisely this gap that makes the news interesting for German investors. A stablecoin can carry an investment-grade rating from one of the three big rating agencies and still not be tradable in the EU.