Moody’s just rated the $2.6B RLUSD stablecoin, noting its strong Treasury reserve backing, but clarified holders don’t own that backing outright yet—interesting insights into crypto‑fi’s evolving trust model. 🔗 https://decrypt.co/382030/moodys-rates-ripples-2-6b-rlusd-stablecoin-a2-a-day-after-occ-bank-approval