Crypto narratives change fast.
One quarter, a sector is leading the market. The next, capital has already moved somewhere else.
Thatโs why I donโt marry a narrative. Money rotates, hype fades, and yesterdayโs winner can quickly become tomorrowโs laggard.
The key is spotting liquidity are moving next.
One quarter, a sector is leading the market. The next, capital has already moved somewhere else.
Thatโs why I donโt marry a narrative. Money rotates, hype fades, and yesterdayโs winner can quickly become tomorrowโs laggard.
The key is spotting liquidity are moving next.
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Global markets have lost around $10T from their yearly highs.
South Korea down 43%.
Indonesia down 42%.
China has shed $2.9T.
Japan has lost $1.2T.
Even the US has seen nearly $2T wiped out.
The damage is much bigger than most people realise.
Stay sharp and manage your risk. x.com/BullTheoryio/sโฆ
South Korea down 43%.
Indonesia down 42%.
China has shed $2.9T.
Japan has lost $1.2T.
Even the US has seen nearly $2T wiped out.
The damage is much bigger than most people realise.
Stay sharp and manage your risk. x.com/BullTheoryio/sโฆ
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GM lads โ๏ธ
Weekend is here. Take a step back, enjoy the little things and let the market do its thing. We go again on Monday.
Weekend is here. Take a step back, enjoy the little things and let the market do its thing. We go again on Monday.
45
0
370
10,247
$WAL is still flying under the radar.
Been keeping an eye on this chart, and the setup is starting to look interesting.
Been keeping an eye on this chart, and the setup is starting to look interesting.
17
3
346
25,191
A few coins missed the Q3 pump, and I think ethereum:0xec53bf9167f50cdeb3ae105f56099aaab9061f83 is one of them. ๐
I believe its turn could still come, and Iโll be watching how it plays out over the coming weeks.
Patience.
NFA.
I believe its turn could still come, and Iโll be watching how it plays out over the coming weeks.
Patience.
NFA.
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30,301
Got a 24-hour offer for everyone who hasnโt tried @MetaWin yet
make your first deposit of $100 with code โROGERSโ and theyโll match it with another $100
the bonus lands directly in your balance on metawin.com
no KYC, but this disappears tomorrow
make your first deposit of $100 with code โROGERSโ and theyโll match it with another $100
the bonus lands directly in your balance on metawin.com
no KYC, but this disappears tomorrow
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2
390
37,132
$QXMP Mint is coming to mobile.
According to @QXMP_Labs team, the app is planned for both iOS and Android, bringing minting, payments and QELT rewards into one place.
This could be a big step towards making stablecoins easier to use in everyday life.
According to @QXMP_Labs team, the app is planned for both iOS and Android, bringing minting, payments and QELT rewards into one place.
This could be a big step towards making stablecoins easier to use in everyday life.
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$QXMP just hit a major milestone. ๐๐ฅ
Particula assigns an pre-issuance A- rating* to $QXMP, issued under @BitGo's stablecoin-as-a-service offering
Particula assigns a pre-issuance A- rating to the $QXMP token as of September 21, 2026. $QXMP is a U.S. dollar-referenced payment token issued by @BitGo Bank & Trust, N.A.-as-a-Service offering, with Quantum Enhanced Ledger Technology LLC (QELT LLC) acting as the program partner and contractual client.
The token is intended to be backed on a one-to-one basis by segregated reserves comprising U.S.-dollar deposits, short-dated U.S. Treasury securities, and government money market funds.
The rating reflects the established issuance framework, including formal regulatory oversight, the one-to-one backing by high-quality, short-dated reserves, as well as BitGoโs operational, compliance, and technical control framework, supported by independent reserve verification.
However, the rating also captures residual risks, including execution risk around liquidity formation and peg stability, and loss absorption beyond reserve coverage, and reliance on BitGoโs integrated offchain controls for critical token functions.
โก๏ธ Key counterparties: @BitGo Bank & Trust, N.A. & QELT LLC
Download full rating report here: particula.io/rating-reportsโฆ
@QXMP_Labs
_______________________
*๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐๐ฉ๐ฆ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ณ๐ฆ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ท๐ข๐ญ๐ถ๐ฆ๐ด, ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ต๐ฐ๐ฌ๐ฆ๐ฏ๐ด, ๐ข๐ฏ๐ฅ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต๐ด (โ๐๐ช๐จ๐ช๐ต๐ข๐ญ ๐๐ด๐ด๐ฆ๐ต๐ดโ) ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ฃ๐บ ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ข ๐๐ฎ๐ฃ๐ (โ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ขโ) ๐ข๐ณ๐ฆ ๐ฆ๐น๐ค๐ญ๐ถ๐ด๐ช๐ท๐ฆ๐ญ๐บ ๐ฎ๐ข๐ฅ๐ฆ ๐ข๐ท๐ข๐ช๐ญ๐ข๐ฃ๐ญ๐ฆ ๐ต๐ฐ ๐ฆ๐ฏ๐ต๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ฏ๐ฆ๐ถ๐ณ๐ด ๐ธ๐ช๐ต๐ฉ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ข๐ฏ๐ช๐ฏ๐จ ๐ฐ๐ง ยง 14 ๐๐๐ ๐ข๐ฏ๐ฅ ๐ข๐ณ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ฏ๐ฅ๐ฆ๐ฅ ๐ด๐ฐ๐ญ๐ฆ๐ญ๐บ ๐ง๐ฐ๐ณ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฑ๐ถ๐ณ๐ฑ๐ฐ๐ด๐ฆ๐ด. ๐๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ฅ๐ฐ ๐ฏ๐ฐ๐ต ๐ค๐ฐ๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ฆ ๐ข ๐ณ๐ข๐ต๐ช๐ฏ๐จ ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐๐/1060/2009 (โ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏโ). ๐ ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ด๐ด๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ, ๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ช๐ด๐ด๐ถ๐ฆ๐ณโ๐ด ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด, ๐ช๐ด ๐ฆ๐น๐ฑ๐ณ๐ฆ๐ด๐ด๐ญ๐บ ๐ฏ๐ฐ๐ต ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด.
#Stablecoins #Tokenization #QXMP #Rating #RiskAssessment
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Alan Rogers retweeted
Particula, the prime rating provider for digital assets, assigned a pre-issuance rating to $QXMP, a planned U.S. dollar referenced payment token issued through BitGo's Stablecoin-as-a-Service offering.
The assessment recognizes the regulated issuance framework, one-to-one reserve backing, and BitGoโs control framework, supported by independent reserve verification.
The assessment recognizes the regulated issuance framework, one-to-one reserve backing, and BitGoโs control framework, supported by independent reserve verification.
Particula assigns an pre-issuance A- rating* to $QXMP, issued under @BitGo's stablecoin-as-a-service offering
Particula assigns a pre-issuance A- rating to the $QXMP token as of September 21, 2026. $QXMP is a U.S. dollar-referenced payment token issued by @BitGo Bank & Trust, N.A.-as-a-Service offering, with Quantum Enhanced Ledger Technology LLC (QELT LLC) acting as the program partner and contractual client.
The token is intended to be backed on a one-to-one basis by segregated reserves comprising U.S.-dollar deposits, short-dated U.S. Treasury securities, and government money market funds.
The rating reflects the established issuance framework, including formal regulatory oversight, the one-to-one backing by high-quality, short-dated reserves, as well as BitGoโs operational, compliance, and technical control framework, supported by independent reserve verification.
However, the rating also captures residual risks, including execution risk around liquidity formation and peg stability, and loss absorption beyond reserve coverage, and reliance on BitGoโs integrated offchain controls for critical token functions.
โก๏ธ Key counterparties: @BitGo Bank & Trust, N.A. & QELT LLC
Download full rating report here: particula.io/rating-reportsโฆ
@QXMP_Labs
_______________________
*๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐๐ฉ๐ฆ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ณ๐ฆ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ท๐ข๐ญ๐ถ๐ฆ๐ด, ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ต๐ฐ๐ฌ๐ฆ๐ฏ๐ด, ๐ข๐ฏ๐ฅ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต๐ด (โ๐๐ช๐จ๐ช๐ต๐ข๐ญ ๐๐ด๐ด๐ฆ๐ต๐ดโ) ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ฃ๐บ ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ข ๐๐ฎ๐ฃ๐ (โ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ขโ) ๐ข๐ณ๐ฆ ๐ฆ๐น๐ค๐ญ๐ถ๐ด๐ช๐ท๐ฆ๐ญ๐บ ๐ฎ๐ข๐ฅ๐ฆ ๐ข๐ท๐ข๐ช๐ญ๐ข๐ฃ๐ญ๐ฆ ๐ต๐ฐ ๐ฆ๐ฏ๐ต๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ฏ๐ฆ๐ถ๐ณ๐ด ๐ธ๐ช๐ต๐ฉ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ข๐ฏ๐ช๐ฏ๐จ ๐ฐ๐ง ยง 14 ๐๐๐ ๐ข๐ฏ๐ฅ ๐ข๐ณ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ฏ๐ฅ๐ฆ๐ฅ ๐ด๐ฐ๐ญ๐ฆ๐ญ๐บ ๐ง๐ฐ๐ณ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฑ๐ถ๐ณ๐ฑ๐ฐ๐ด๐ฆ๐ด. ๐๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ฅ๐ฐ ๐ฏ๐ฐ๐ต ๐ค๐ฐ๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ฆ ๐ข ๐ณ๐ข๐ต๐ช๐ฏ๐จ ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐๐/1060/2009 (โ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏโ). ๐ ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ด๐ด๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ, ๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ช๐ด๐ด๐ถ๐ฆ๐ณโ๐ด ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด, ๐ช๐ด ๐ฆ๐น๐ฑ๐ณ๐ฆ๐ด๐ด๐ญ๐บ ๐ฏ๐ฐ๐ต ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด.
#Stablecoins #Tokenization #QXMP #Rating #RiskAssessment
11
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Alan Rogers retweeted
Particula assigns an pre-issuance A- rating* to $QXMP, issued under @BitGo's stablecoin-as-a-service offering
Particula assigns a pre-issuance A- rating to the $QXMP token as of September 21, 2026. $QXMP is a U.S. dollar-referenced payment token issued by @BitGo Bank & Trust, N.A.-as-a-Service offering, with Quantum Enhanced Ledger Technology LLC (QELT LLC) acting as the program partner and contractual client.
The token is intended to be backed on a one-to-one basis by segregated reserves comprising U.S.-dollar deposits, short-dated U.S. Treasury securities, and government money market funds.
The rating reflects the established issuance framework, including formal regulatory oversight, the one-to-one backing by high-quality, short-dated reserves, as well as BitGoโs operational, compliance, and technical control framework, supported by independent reserve verification.
However, the rating also captures residual risks, including execution risk around liquidity formation and peg stability, and loss absorption beyond reserve coverage, and reliance on BitGoโs integrated offchain controls for critical token functions.
โก๏ธ Key counterparties: @BitGo Bank & Trust, N.A. & QELT LLC
Download full rating report here: particula.io/rating-reportsโฆ
@QXMP_Labs
_______________________
*๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐๐ฉ๐ฆ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ณ๐ฆ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ท๐ข๐ญ๐ถ๐ฆ๐ด, ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ต๐ฐ๐ฌ๐ฆ๐ฏ๐ด, ๐ข๐ฏ๐ฅ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต๐ด (โ๐๐ช๐จ๐ช๐ต๐ข๐ญ ๐๐ด๐ด๐ฆ๐ต๐ดโ) ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ฃ๐บ ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ข ๐๐ฎ๐ฃ๐ (โ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ขโ) ๐ข๐ณ๐ฆ ๐ฆ๐น๐ค๐ญ๐ถ๐ด๐ช๐ท๐ฆ๐ญ๐บ ๐ฎ๐ข๐ฅ๐ฆ ๐ข๐ท๐ข๐ช๐ญ๐ข๐ฃ๐ญ๐ฆ ๐ต๐ฐ ๐ฆ๐ฏ๐ต๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ฏ๐ฆ๐ถ๐ณ๐ด ๐ธ๐ช๐ต๐ฉ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ข๐ฏ๐ช๐ฏ๐จ ๐ฐ๐ง ยง 14 ๐๐๐ ๐ข๐ฏ๐ฅ ๐ข๐ณ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ฏ๐ฅ๐ฆ๐ฅ ๐ด๐ฐ๐ญ๐ฆ๐ญ๐บ ๐ง๐ฐ๐ณ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฑ๐ถ๐ณ๐ฑ๐ฐ๐ด๐ฆ๐ด. ๐๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ฅ๐ฐ ๐ฏ๐ฐ๐ต ๐ค๐ฐ๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ฆ ๐ข ๐ณ๐ข๐ต๐ช๐ฏ๐จ ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐๐/1060/2009 (โ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏโ). ๐ ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ด๐ด๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ, ๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ช๐ด๐ด๐ถ๐ฆ๐ณโ๐ด ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด, ๐ช๐ด ๐ฆ๐น๐ฑ๐ณ๐ฆ๐ด๐ด๐ญ๐บ ๐ฏ๐ฐ๐ต ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด.
#Stablecoins #Tokenization #QXMP #Rating #RiskAssessment
Particula assigns a pre-issuance A- rating to the $QXMP token as of September 21, 2026. $QXMP is a U.S. dollar-referenced payment token issued by @BitGo Bank & Trust, N.A.-as-a-Service offering, with Quantum Enhanced Ledger Technology LLC (QELT LLC) acting as the program partner and contractual client.
The token is intended to be backed on a one-to-one basis by segregated reserves comprising U.S.-dollar deposits, short-dated U.S. Treasury securities, and government money market funds.
The rating reflects the established issuance framework, including formal regulatory oversight, the one-to-one backing by high-quality, short-dated reserves, as well as BitGoโs operational, compliance, and technical control framework, supported by independent reserve verification.
However, the rating also captures residual risks, including execution risk around liquidity formation and peg stability, and loss absorption beyond reserve coverage, and reliance on BitGoโs integrated offchain controls for critical token functions.
โก๏ธ Key counterparties: @BitGo Bank & Trust, N.A. & QELT LLC
Download full rating report here: particula.io/rating-reportsโฆ
@QXMP_Labs
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*๐๐ช๐ด๐ค๐ญ๐ข๐ช๐ฎ๐ฆ๐ณ: ๐๐ฉ๐ฆ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ณ๐ฆ๐ญ๐ข๐ต๐ฆ๐ฅ ๐ต๐ฐ ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ท๐ข๐ญ๐ถ๐ฆ๐ด, ๐ค๐ณ๐บ๐ฑ๐ต๐ฐ ๐ต๐ฐ๐ฌ๐ฆ๐ฏ๐ด, ๐ข๐ฏ๐ฅ ๐ฐ๐ต๐ฉ๐ฆ๐ณ ๐ฅ๐ช๐จ๐ช๐ต๐ข๐ญ ๐ข๐ด๐ด๐ฆ๐ต๐ด (โ๐๐ช๐จ๐ช๐ต๐ข๐ญ ๐๐ด๐ด๐ฆ๐ต๐ดโ) ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ฃ๐บ ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ข ๐๐ฎ๐ฃ๐ (โ๐๐ข๐ณ๐ต๐ช๐ค๐ถ๐ญ๐ขโ) ๐ข๐ณ๐ฆ ๐ฆ๐น๐ค๐ญ๐ถ๐ด๐ช๐ท๐ฆ๐ญ๐บ ๐ฎ๐ข๐ฅ๐ฆ ๐ข๐ท๐ข๐ช๐ญ๐ข๐ฃ๐ญ๐ฆ ๐ต๐ฐ ๐ฆ๐ฏ๐ต๐ณ๐ฆ๐ฑ๐ณ๐ฆ๐ฏ๐ฆ๐ถ๐ณ๐ด ๐ธ๐ช๐ต๐ฉ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐ฎ๐ฆ๐ข๐ฏ๐ช๐ฏ๐จ ๐ฐ๐ง ยง 14 ๐๐๐ ๐ข๐ฏ๐ฅ ๐ข๐ณ๐ฆ ๐ช๐ฏ๐ต๐ฆ๐ฏ๐ฅ๐ฆ๐ฅ ๐ด๐ฐ๐ญ๐ฆ๐ญ๐บ ๐ง๐ฐ๐ณ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ๐ข๐ญ ๐ฑ๐ถ๐ณ๐ฑ๐ฐ๐ด๐ฆ๐ด. ๐๐ฉ๐ฆ ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฅ๐ฆ๐ฅ ๐ช๐ฏ๐ง๐ฐ๐ณ๐ฎ๐ข๐ต๐ช๐ฐ๐ฏ ๐ข๐ฏ๐ฅ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ฆ๐ด ๐ฅ๐ฐ ๐ฏ๐ฐ๐ต ๐ค๐ฐ๐ฏ๐ด๐ต๐ช๐ต๐ถ๐ต๐ฆ ๐ข ๐ณ๐ข๐ต๐ช๐ฏ๐จ ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ ๐๐/1060/2009 (โ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏโ). ๐ ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด ๐ข๐ด๐ด๐ฆ๐ด๐ด๐ฎ๐ฆ๐ฏ๐ต ๐ข๐ด ๐ฅ๐ฆ๐ง๐ช๐ฏ๐ฆ๐ฅ ๐ช๐ฏ ๐๐ณ๐ต. 3 ๐ฑ๐ข๐ณ๐ข. 1 ๐ญ๐ช๐ต. ๐ข) ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐๐ข๐ต๐ช๐ฏ๐จ ๐๐ฆ๐จ๐ถ๐ญ๐ข๐ต๐ช๐ฐ๐ฏ, ๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ช๐ด๐ด๐ถ๐ฆ๐ณโ๐ด ๐ค๐ณ๐ฆ๐ฅ๐ช๐ต๐ธ๐ฐ๐ณ๐ต๐ฉ๐ช๐ฏ๐ฆ๐ด๐ด, ๐ช๐ด ๐ฆ๐น๐ฑ๐ณ๐ฆ๐ด๐ด๐ญ๐บ ๐ฏ๐ฐ๐ต ๐ฑ๐ข๐ณ๐ต ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ข๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด.
#Stablecoins #Tokenization #QXMP #Rating #RiskAssessment
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JUST IN: Big move for @Bybit_Official.
Dubai approval is another step towards making crypto a bigger part of the financial system.
The UAE keeps attracting major players, and the industry is watching.
Dubai approval is another step towards making crypto a bigger part of the financial system.
The UAE keeps attracting major players, and the industry is watching.
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Been keeping an eye on zero-gravity:native since the bounce off the summer lows. ๐
Price is pulling back now, but Iโm still liking the setup for the next few weeks.
Price is pulling back now, but Iโm still liking the setup for the next few weeks.
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filecoin:native had a strong recovery last month, then pulled back this week. Healthy pause so far. ๐
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