Ripple's Stablecoin RLUSD Achieves A Rating and Ranks #1 on Bluechip with Highest Scores in Stability, Governance, and Full Treasury Bond Collateralization.
Ripple USD has created a significant milestone in the stablecoin market by becoming the first digital currency to surpass long-standing competitors and lead the ranking of the independent evaluation organization Bluechip. With an A rating announced on July 18, RLUSD has demonstrated strong competitive ability in the enterprise stablecoin segment through a robust asset collateralization structure and strict governance framework.
Bluechip evaluated RLUSD with impressive scores of 0.91 for stability, 0.84 for asset management, and 0.86 for governance, all falling within the "Stable" and "Very Low Risk" ranges on the organization's rating scale. This achievement positions RLUSD significantly ahead of traditional competitors like Circle's USDC with a B+ rating and Tether's USDT, which only achieved a D rating.
RLUSD's asset collateralization structure is built entirely from the most reliable financial instruments, including US Treasury bonds, government money market funds, and bank deposits. Bluechip assessed that this portfolio has minimal credit and maturity risks, creating a solid foundation for maintaining the USD price peg of the stablecoin.
Strict Governance Framework and Strategic Partners
A crucial factor in RLUSD's excellence is the oversight by the New York State Department of Financial Services, one of the world's most stringent stablecoin regulators. NYDFS requires high standards for custody management, reserves, and periodic reporting, creating an additional layer of protection for users.
Ripple has established a strong network of strategic partners to support RLUSD's operations. Partnering with BNY Mellon for asset custody brings credibility from one of the world's oldest custodian banks. Simultaneously, the partnership with Amina Bank in Switzerland expands market access to Europe and traditional banking services.
Ripple's regulatory expansion strategy also demonstrates a long-term vision as the company seeks licensing in Luxembourg to operate in the European Union and pursues a national trust banking license in the United States. These moves not only enhance credibility but also open new business opportunities in the traditional financial market.
RLUSD's leading position on the Bluechip ranking reflects the increasingly important trend of regulatory compliance and transparency in the stablecoin market. As large financial institutions and enterprises become more interested in digital asset integration, stablecoins with clear governance frameworks and safe collateralized assets like RLUSD are becoming the preferred choice.
Ripple affirms that RLUSD is specifically designed to serve enterprise-level use cases, providing the security, compliance, and scalability that global organizations require.
