# Jack McDonald Says Moody’s Rated RLUSD A2 Long-Term and P-1 Short-Term By John Kim Canonical URL: https://www.tokenpost.com/news/business/42472 Published: 2026-10-28T08:43:46.000Z Updated: 2026-10-28T08:43:46.000Z Section: Business > RLUSD is designed to facilitate regulated digital-dollar transactions across blockchain platforms. BNY has already begun custody services for eligible institutional clients. Jack McDonald posted that Moody’s assigned Ripple USD (RLUSD) an A2 long-term rating and a P-1 short-term rating. Ripple amplified McDonald’s post. RLUSD is Ripple’s U.S. dollar stablecoin, designed to facilitate regulated digital-dollar transactions across blockchain platforms. Eligible institutional clients can already use [BNY’s RLUSD custody service]() to hold and transfer the stablecoin through the bank’s digital asset platform. BNY is working with Ripple on a future option for clients to mint and redeem RLUSD through the bank. ## Links in this article - [BNY’s RLUSD custody service](https://www.tokenpost.com/news/business/42006)