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RLUSD lands on Coinbase and Robinhood, earns Moody's rating in push for stablecoin market share
Published Source: CryptoPolitanRead original
Crypto Insight Summary: Within days, Ripple got a U.S. bank charter, a Moody’s (NYSE: MCO) rating, and deals with Coinbase (NASDAQ: COIN), Robinhood (NASDAQ: HOOD), and BNY (NYSE: BK). RLUSD, its stablecoin, has under 1% of the market. Even so, Ripple now has approvals and partners that USDT and USDC took years to earn. How is Ripple RLUSD... Crypto Insight Analysis: Direction: Bullish XRP Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: RLUSD's market entry and institutional partnerships boost Ripple's ecosystem credibility.