Removing USDC to take the top spot
On the 17th, the company Blue Chip, which rates stablecoins, announced that it has awarded the highest rating of A to the RLUSD stablecoin issued by Ripple, certifying it as the most reliable stablecoin in the market. The agency began the official rating of RLUSD in January, considering it a new benchmark of reliability in the industry.
One of the main factors for the A rating was that BNY Mellon, the world's largest financial securities custodian, manages the reserves of RLUSD. BNY Mellon holds $56 trillion in assets, providing strong protection for token holders, as emphasized by Blue Chip. It is also worth noting that Circle, which issues USDC, uses BNY Mellon.
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