⚡Ripple: Standard ISO 20022 on board⚡

🔹Ripple's stablecoin expected by the end of the year will apparently be backed at its 1-to-1 parity by cash equivalents, including US dollar deposits, government bonds, and other low-risk investments. According to the company's announcement, the idea is to create a more reliable alternative to assets such as (USDT) of #tether and (USDC) of #Circle .

🔹In fact the #stable market is crowded, but it is also very lucrative. Tether, the first and largest currently dominating the market, is essentially being used as a cash cow to fund Tether CEO Paolo Ardoino's many wild ambitions (from artificial intelligence to decentralized messaging).

🔹The question of whether it is a security won't really be answered until the legal battle with the SEC is over after appeals. Right now it is a complicated situation. Judge Analisa Torres found last year that #XRP is not a default value (specifically when traded on exchanges), but does represent an investment contract when Ripple sells the token to qualified investors.

🔹The company claims that the decision to issue a stablecoin backed by US dollars, along with a “regulatory compliance-focused” approach to create a “superior cross-border payments solution”, has positioned Ripple as a “strong bridge between traditional finance and digital assets, where others offer close ties.

🔹#Ripple is designed to improve efficiency in the financial system, using its network of nodes to validate and verify transactions, with faster and more efficient money transfers, eliminating the need for intermediaries. Its focus on interoperability between different financial systems seeks to facilitate frictionless cross-border transactions.