#aaa-rated

[rwatimes]

Ethena to Add AAA-Rated CLOs to USDe Reserve Assets | KuCoin

➤ Ethena plans to incorporate AAA-rated collateralized loan obligations (CLOs) into its USDe reserve assets, following approval from LlamaRisk. ➤ The tokenized CLO fund from Janus Henderson via Centrifuge will have a $310 million cap per position, with the risk-reward ratio under community evaluation. ➤ Assets lacking liquidity or pricing transparency, such as private credit, will be excluded from the reserves.

[rwatimes]

‘More stable returns’ – Ethena expands RWA exposure with AAA-rated CLO funds

Ethena to allocate $310M to a AAA-rated CLO fund as part of RWA diversification of its reserve assets to decouple from crypto market swings

➤ Ethena is expanding its RWA exposure by allocating $310 million to AAA-rated Collateralized Loan Obligation (CLO) funds, starting with the Janus Henderson Anemoy AAA CLO Fund. ➤ This strategic move aims to diversify Ethena's reserve assets, decouple yield returns from crypto market volatility, and provide more stable returns for its USDe stablecoin. ➤ CLOs are chosen for their high liquidity, low downside profile, and AAA rating, offering a credit quality and historical stability that contrasts with crypto market fluctuations.

[eideard]

Liar loans redux -- They're back!

Liar loans redux — They’re back!

The pitch arrived with an iconic image of the American Dream: a neat house with a white picket fence. But behind that picture of a $2.95 million home in Manhattan Beach, California, were hints of something darker: liar loans, those toxic mortgages of the subprime era. Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying…

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