Alex Radu /Acc

building @PulsarMoneyApp
partner @AccVentures | @Astrarizon
operator-first backing infra, AI & payments

[Alex Radu /Acc @Alex__Radu]

@stablecoin_p @WalletConnect @privy_io @PulsarMoneyApp appreciate it Sir!

[Alex Radu /Acc @Alex__Radu]

excited about @WalletConnect x @privy_io and @PulsarMoneyApp

stablecoins get more useful when they work across the ways people already pay: card, tap-to-pay, QR, wallet checkout, merchant rails

in simple: with these partnerships plugged in, spend from your non-custodial wallet balance as easily as scanning a QR

[ᕈulsar Money @PulsarMoneyApp]

The next step for stablecoins is accessibility.

With WCP, Pulsar users will be able to spend directly from their Pulsar account, across wallets and merchants worldwide.

A fintech experience, abstracting the settlement through @privy_io & @WalletConnect.

[Alex Radu /Acc @Alex__Radu]

really enjoyed this article from @sserrano44 and the reactions & perspectives around it

my take is that this exact opportunity, smashing fees and making UX better, is fueling the current consumer fintech app cycle

I have been fascinated by onchain FX because it feels like one of the major use cases for stablecoins. not because it makes FX a little cheaper, but because it changes what has to exist for money to move between currencies and opening up some interesting new business models

in the old model, every corridor is an operating business. BRL to ARS means bank relationships, prefunded accounts, payout partners, compliance, cutoff times and liquidity on both sides. add another corridor and you rebuild the machine again

onchain, and inside this new fintech wave, the scheme is different. you operate access into each currency, and the FX leg in the middle can clear through a market. quote, execution and settlement collapse into one swap

liquidity for non-USD stablecoins is still a constraint, and adoption even more so. local currency pools are thin today. but once local stablecoins get real depth, the product surface changes

this is also why i find @circle, @arc and StableFX interesting. local stables do not weaken USDC. they probably distribute it. most liquidity still routes through dollars, so BRL, ARS, MXN, COP, EUR and other local stables become the front door, while USD stablecoins become the liquidity layer behind them

then the user experience gets interesting. local currency in. global liquidity behind it. local spending and payout on the other side

the fintech layer is what makes that liquidity useful every day: cards, payroll, merchant settlement, PSP routing, bank connections, neobanks, and all the infrastructure that hides the fragmentation

in short, the fintech mania right now is the cycle connecting stablecoin infrastructure to actual use cases

[Sebastián Serrano @sserrano44]

https://t.co/0uK9Dmm7wG

[Alex Radu /Acc @Alex__Radu]

@RhunaIO @proofoftalk @XVentures_Fund looks fun! congrats @RhunaIO for powering one of most high end tech conferences out there!

[Alex Radu /Acc @Alex__Radu]

@defyneric congrats guys! impressive numbers!

[Alex Radu /Acc @Alex__Radu]

packed week ahead, we will be in NY and Paris around 3 conferences

if you’re around and building in fintech, stablecoins, wallets, cards, or anything around the next fintech gen, let’s talk!

[ᕈulsar Money @PulsarMoneyApp]

This week, the Pulsar Money team is heading to several events across EU & US.

From Paris to New York, we’ll be on the ground talking about what comes next for money movement, stablecoins, and the infra needed to make the next generation of fintech usable in everyday life.

[Alex Radu /Acc @Alex__Radu]

@godemodegame @orithellama @pulsar_spaces @solana @solana_ai heard it can do much more!

[Alex Radu /Acc @Alex__Radu]

@elliott__potter @shafu0x @speedrun sounds great! would love to join as well!

[Alex Radu /Acc @Alex__Radu]

@gminoprio @PulsarMoneyApp thanks Sir! congrats for building infra for the new fintech gen 🫡

[Alex Radu /Acc @Alex__Radu]

new generation of fintech

the Revolut & Wise generation was incredible. they disrupted a conservative market ruled by dinosaurs by making money movement feel natural. better onboarding, better FX, cleaner cards, faster notifications, a nicer app on top of a very old stack

but the next wave is different because the stack itself has completely changed:

→ stablecoins make settlement global and 24/7
→ self-custody lets the account belong to the user instead of the institution
→ bank rails and cards can sit at the edges of a stablecoin-native balance
→ DeFi protocols can sit underneath the account for swaps, yield, trading and credit
→ agents can start acting on clear rules and limits instead of leaving the user to manually move money between 5 products

the old fintech product was: take the bank, make it mobile

the new fintech product is: rebuild the financial account around money that moves, earns, settles and can be routed

the line I keep coming back to is:
→ everyone earns on your money. except you

banks earn on idle balances. card networks earn on every swipe. FX providers earn on every border. platforms earn on your deposits, transactions and data. the user is usually the last person to benefit from their own financial activity

that's why the next generation of fintech that wins will be the one that inverts that

your money should work for you first. it should earn while it waits, move globally when needed, stay under your control, and connect to the best financial infrastructure without forcing you to become a DeFi power user

Pulsar is our view on the consumer side of this

→ a stablecoin-native money app where your balance can spend, send, earn and eventually route itself more intelligently, while still feeling like a normal everyday app

and it all comes down to executing on that vision with surgical precision, because make no mistake, average consumers will accept nothing less

[Alex Radu /Acc @Alex__Radu]

@akinayoUI @PulsarMoneyApp agree!
great UX is now the standard, you can't even enter the market without it

[Alex Radu /Acc @Alex__Radu]

@defyneric @PulsarMoneyApp 🫡

[Alex Radu /Acc @Alex__Radu]

@AdrienStern @AccVentures @PulsarMoneyApp LFG!

[Alex Radu /Acc @Alex__Radu]

@S1CA3I0 @PulsarMoneyApp @amrix_j magic internet money coming to a super app near you 🫡

[Alex Radu /Acc @Alex__Radu]

stablecoins become way more useful when yield moves to where users already hold balances

not everyone should have to leave their wallet, neobank or app just to make idle dollars productive

this is exactly the kind of infra stablecoin accounts need underneath them. congrats @stablecoin_p and @OseroHQ team for the launch!

[Osero @OseroHQ]

$256B of stablecoins earn no yield. That changes today.

Introducing Osero Earn.

Soon available in your favorite apps.

[Alex Radu /Acc @Alex__Radu]

@stablecoin_p let's grab a coffee!

[Alex Radu /Acc @Alex__Radu]

@RhunaIO @dagama_world @Sveatoslav exciting one!

[Alex Radu /Acc @Alex__Radu]

@alvin_kan great take and Bitget Wallet has a nice distribution

I think this feature would be quite good one to add ahead in the roadmap @alvin

happy to chat more around this subject and other things where we might be able to help

[Alex Radu /Acc @Alex__Radu]

@0xCerberus this is so cool, congrats guys

[Alex Radu /Acc @Alex__Radu]

yesterday’s post about credit-backed stablecoin cards brought up a lot of good conversations, especially around one question:

if the first wave of these products was debit-style, what does credit actually change?

with most stablecoin debit cards today, the payment flow is still very similar to a normal fiat account. you hold a balance and you spend from that balance

the infra may be different & the UX may be better, but the basic function is still the same.

credit, however, introduces a second layer:

instead of every transaction being a direct deduction from the balance, the account can start deciding how to use the user’s financial position more intelligently

that’s where the product starts to become more powerful because onchain credit can make a user’s money more flexible

the same $100 can sit in the account, back credit, earn yield, and still support everyday payments without being moved/sold

that matters in 3 practical ways:

first, it makes the account more capital-efficient. the user does not have to interrupt their position every time they spend. the card becomes access to liquidity

second, repayment can become programmable. incoming stablecoin flows, idle balances, or yield can reduce the credit line automatically based on rules the user sets. the experience can still feel like a normal card, but the account underneath can manage repayment much more intelligently than a monthly statement cycle

third, risk can be handled continuously. live LTVs, dynamic limits, top-up rules, repayment triggers, and alerts can sit inside the account instead of being exposed as a DeFi dashboard the user has to manage manually

for this to work, I think there are 2 underestimated challenges:

1/ UX - making DeFi great again by making it understandable to a regular consumer. both in terms of displaying info & managing account settings

2/ account logic - when to spend from balance, when to borrow, when to repay, when to route yield, when to top up collateral (and so on) - these sound like small product decisions, but they actually are the product. the flywheel works if all pieces are aligned

however, I think we're in for an exciting ride and credit on crypto infra can make everyone's dollars more useful once they are truly here

[Alex Radu /Acc @Alex__Radu]

one thing after watching stablecoin cards lately

in the US, credit is the default. people "put it on the card" and the card almost always means credit. rewards, points, credit score, the whole social contract of how you spend lives there.

in most of europe and a lot of asia, the opposite. the card is debit. you spend what you have. credit is a separate product you opt into.

and i think this is what's actually shaping stablecoin cards right now

because the first wave of stablecoin cards is basically the european version. debit-style, spend crypto through a card. you swipe, your balance drops, you sold an asset to buy a coffee. useful, but it's the smaller version of the product

the next wave is the american version. credit attached to the account. you don't sell when you spend, you borrow against what you hold.

onchain, that architecture can actually be cleaner than the legacy version

collateral is liquid, transparent, programmable and composable. credit lines can sit behind the user experience, while settlement still happens in the format merchants already understand

this is why infra like @sprinter_ux is interesting

one credit line, collateral across chains, USDC drawn to a receiver address. for a card program, that receiver can simply be the settlement layer. user taps, USDC settles, the credit line sits behind the experience, and the user never has to think about chains

@Morpho matters for the same reason

not as the card layer, but as part of the credit and yield layer underneath the account. if stablecoin apps become real financial accounts, they need lending markets, curated vaults and idle-balance yield underneath them

so the cards are the interface people already understand, while the account behind the card is the actual product.

the goal is to make that feel normal to use, just like traditional credit accounts.

of course, still real work to do on risk, LTVs, liquidations, refunds, tax, compliance, chargebacks, but the direction is pretty clear;

and that's a big part of what we’re building at @PulsarMoneyApp

looking deeply in this space so let me know if you have any other ideas and views on these infra protocols we should take a close look at