More good news for $RLUSD this week - @moodysratings has assigned RLUSD an A2 long-term rating and P-1 short-term rating, the highest possible short-term rating under its new stablecoin framework.
TL;DR: RLUSD is the first stablecoin to have ever received an investment-grade Moody’s rating. This is one of the most respected independent credit rating agencies in the world, and a massive validation of the quality, transparency and institutional-grade infrastructure behind RLUSD.
Moody’s assessed everything from the credit quality and liquidity of @Ripple’s reserves to redemption arrangements, custody relationships, regulatory oversight, and operational controls in their rigorous methodology.
As RLUSD continues to grow, this kind of independent validation matters more than ever. Moody’s has helped set the standard for assessing credit quality and risk across traditional finance for decades, and bringing that same level of assessment to stablecoins themselves is a major step forward for the industry.
Proud to see RLUSD helping set a new benchmark for institutional trust in stablecoins. https://t.co/Zv7wXEbUMk
If you own a share of stock today via a broker-dealer, you're probably not on the company's books. Cede & Co., which is owned by DTC, is.
Yesterday, Securitize submitted a comment letter to the SEC on DTC's proposal to modernize the Direct Registration System (DRS), the process for moving shares from Cede & Co. to the transfer agent's books and records, and we strongly support it.
DTC wants to cut the time it takes to move shares via DRS into an investor's own name from days to minutes. That matters a lot for tokenization. It's the on-ramp to issuer-sponsored tokens, where the investor is the registered owner of the real security, on-chain. Not an IOU.
In our letter, we asked DTC to take it one step further: let investors move from a DTC token into a directly registered token in a single step. We also asked for published processing times and the same speed in both directions.
Do that, and moving between street name and a directly registered token becomes even faster and simpler, in both directions. Tokenization works best when investors can do so without friction.
Great work by @SecuritizeBilly and our team. Letter below
https://t.co/uyJmP1nqYB
THIS IS WHAT KINDNESS LOOKS LIKE.
At Mahanoy Area High School in Pennsylvania, 17-year-old Keni was named homecoming king — but instead of keeping the crown, he looked over at his friend Axton Kuhl, who has Down syndrome and had dreamed of becoming king for years.
So Keni took off his crown and sash, placed them on Axton, and led the entire gym in cheering for him.
The two hugged as Axton broke down in tears. ❤️
And the reason behind it makes the moment even more powerful: Keni has a younger brother with autism and says he hopes someone would show his brother that same kindness someday.
🚨 Ripple Just Stole Wall Street’s Most Lucrative Side Hustle and Banks Are Scrambling
Ripple Prime is now quietly financing leveraged ETFs that amplify daily stock moves, charging fees that used to go almost exclusively to big banks and broker-dealers. One fund (the Tradr 2X Long SNDK ETF) is reportedly paying Ripple roughly the overnight bank funding rate plus 4 percentage points, around 8% annualized on the swap exposure, while Ripple hedges the risk and keeps the spread.
The move comes after Ripple’s $1.25 billion acquisition of Hidden Road (rebranded Ripple Prime) and the August launch of its Delta One desk for total-return swaps on U.S. equities, indexes, and digital assets. With more than $256 billion sitting in 593 leveraged ETFs, the financing side of this market has historically been a high-margin bank business. Non-bank players, including Ripple, are now taking share as traditional firms face tighter capital rules.
@IOV_OWL@solquicks Don't forget D3 & k1, b1,b6 and b13 and mag. There's an entourage effective with the vitamins so keep that in mind. Also, don't forget about the minerals. Hand harvested, gray sea salt has something like 80 essential traces minerals and electrolytes. 2 tbls/ day