Ripple CEO, Brad GarlinghouseHe emphasized the significant achievement by Rlusd Stablecoin from his company. Rlusd placed as the most regulated Stablecoin, putting it in front of USDT Tether and USDC Circle.
RLUSD RIPPLE is number one in relation to USDT and USDC
IN X PostBrad Garlinghouse noticed that among the “regulatory goodness” with Genius Act By signing last week, Stablecoin Ripple was recognized as the most trusted Stablecoin on the market. It was in relation to the latest ranking of the Stablecoin Bluechip rating agency, which placed Rlusd as number one, above USDT and USDC.
IN X PostThe agency revealed that Ripple Stablecoin has become number one in the ranking and that he is starting RLUSD cover After the initial assessment, A. Bluechip also noted that this development reflects their view that RLUSD is one of the safest available Stablecoin.
As for the reasons for assessing A, Bluechip noticed that Stablecoin Ripple is supported by American tax accounts, money market funds and bank deposits, assets that are one of the lowest credit and time risk. In addition, they declared RLUSD is regulated By Modern York Department of Financial Services (NYDFS), which Stablecoin submits to strict regulatory standards.
In addition, Ripple RLUSD reserves are owned Bank of Modern York MellonThe largest financial career in the world. Therefore, it further increases Stablecoin’s credibility. Bluechip noticed that these RLUSD reserves take place on sorted accounts in favor of token owners. In this way, these assets are protected, even if Ripple would go bankrupt.
Bluechip gave Ripple Stablecoin an assessment and based on three factors: stability, management and management. Stablecoin has a result of 0.91, 0.84 and 0.86, respectively. The assessment based on these results means that Stablecoin is stable, while management and management are “very low risk”.
Where the rank of USDT and USDC
USDC Circle is on the eighth, well below Ripple Stablecoin. USDC currently has a B+ranking, although it is the second largest Stablecoin according to market capitalization. Interestingly, both circles and ripple submitted an application for National Banking Licensewhich would allow them to stop the reserves for the relevant Stablecoin.
This would also raise the regulatory position of RLUSD and Stablecouins, because they will now be regulated by the currency controller office (OCC). Meanwhile, USDT Tether ranks 16th place in the BlueChip ranking with D assessment, which indicates a lack of trust in the Stablecoin regulatory standard.
USDT was often criticized for the lack of sufficient regulatory supervision, especially considering that it is issued outside the USA Tether revealed plans Substant to Stablecoin for the American market, which will be in line with the genius Act.
A distinguished picture from Getty Images, chart from TradingView.com
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