Akhil

Building stablecoins for trade finance | @Anchorage

[Nathan McCauley ⚓ @nathanmccauley]

https://t.co/4OoahEFcYO

[Martin Carrica @mcarrica]

This is a step change evolution in stablecoins

Every institution that launches a stablecoin faces a cold start problem. We faced this at Mountain Protocol and see our clients and prospects face the same issue.

“If I am a large holder on a smaller stablecoin, I might not be able to redeem immediately if I need my cash back”

For this reason, many stablecoins hold large amounts of cash, but that has credit risk, as we saw with the near miss from the SVB collapse in 2023.

Cashless Reserves is our answer to this problem. Our clients, and more importantly, the end holders of stablecoins can be comfortable that they can redeem even 100% of the stablecoin supply and that credit risk is minimized.

For our issuing name partners @ethena @tether @osldotcom @WesternUnion and all the ones coming soon, this means:
- Better returns on their stablecoin products, because cash drag is removed to ~0
- Safer product for their clients, because of no counterparty risk to banks
- Give the ability to their clients to redeem at scale, making growth easier
- Fast track process for exchanges, payment networks, etc (expect more on this soon)

Excited to have this product live soon!

[Dorm🍜 @Dorm_DAO]

1/ Dorm Capital is a student-led, fund-of-funds managing $2,000,000 in crypto assets.

During the '24-'25 academic year, our 16 university blockchain clubs completed 99 token pitches, resulting in 81 new positions.

Presenting our Dorm Capital; Season 2 Performance Report:
https://t.co/WcuPdBnxdK

[Akhil @0xAkhil_]

This past wknd @karthikramu_ & I went from idea to MVP on Jarvis - stablecoins for trade finance

We got top 10 at @arbitrum NYC founder house and learned a ton

If you are or know someone running a small business, in import/export, or trucking/logistics pls DM me!

[Arbitrum @arbitrum]

We also saw some cracked ideas go stealth during the weekend.

Honorable shoutout to:

💙 @hopscotch_trade - p2p market where deals are secured by experts, agents, and friends

💙 @chaincraftgames - Build, Own, and Monetize Games with AI

💙 @GridPayEnergy - Turning homes into a decentralized energy network

💙 @PledgeHabits - Stake real money on your habits

💙 Jarvis - powers stablecoins for trade finance

Excited to see these teams continue bringing their products to life onchain on the Arbitrum Platform.

[Akhil @0xAkhil_]

@vandynathan Congrats man it was awesome meeting, bullish agentic credit 🚀

[Nathan McCauley ⚓ @nathanmccauley]

Incredible unlock for tokenization.

[Anchorage Digital ⚓️ @Anchorage]

Thoughts on Anchorage Digital?

[Peer @peerxyz]

PeerAuth started as a browser extension to prove payments with zkTLS.

Today, it becomes your funding wallet.

Any currency, any coin, anywhere. Powered by @privy_io

[Akhil @0xAkhil_]

@peerxyz @privy_io I love building with @peerxyz

Peerliquid.

[Akhil @0xAkhil_]

@JiLong328771 @zkp2p @peerxyz if u wanna dm me ur deposit link bro I'll fill u for Zelle & Venmo everytime

[Akhil @0xAkhil_]

Been using @zkp2p(@peerxyz now) a lot recently, now my favorite way to offramp/onramp crypto, but its not deterministic in terms of offramp settlement times or onramp speeds per provider.

So I built this Dune Dashboard: https://t.co/iDxikTjfOB

[Akhil @0xAkhil_]

@jmwilt21 @tesla_na bro how much u using Grok I've never got rate-limited

[Akhil @0xAkhil_]

@DavisLambo @zkp2p @peerxyz yup just SQL & Claude haha, here r the links for the queries if ur curious or wanna fork it and add more

onramp: https://t.co/33UD2AXf8Y

offramp: https://t.co/RJKQjIP0HQ

[Akhil @0xAkhil_]

akhil.peer looking good here 👀

[ben.gwei @unhappyben]

introducing https://t.co/6bbzcep9j0

a year ago i could only write SQL and python, working with the big brains at @peerxyz alongside claude code taught me how to actually build things

peer name service is the latest thing to come out of that, and i'm really proud of it

[Akhil @0xAkhil_]

@unhappyben @zkp2p @peerxyz W platform 🤝

[Akhil @0xAkhil_]

@JiLong328771 @zkp2p @peerxyz For offramping, primarily the exchange rate you set & venue u choose

I usually just do 1 USDC == 1 USD and always get filled under the avg time for Venmo

[Akhil @0xAkhil_]

@karthikramu_ @Polymarket cool idea! dm'd for email list 🔥

[Akhil @0xAkhil_]

I primarily use Venmo as my fiat provider and the real vs expected/avg settlement times track pretty well(I offramped ~$200 this week and it took ~3 hours close to the week avg of ~6 hours) and two weeks ago I offramped ~$80 and it took 2 days aligning w/ the two week ago avg of ~36 hours

As shown in the Dune dashboard, the Venmo onramp speeds are also surprisingly quick(6-7 minutes) whereas Zelle seems to take 2-3x as long

[Nathan McCauley ⚓ @nathanmccauley]

https://t.co/Q8T1DXcEPt