Most of the CLARITY conversation is about payment rails and infrastructure relief. Real opportunity, but @stripe and @circle will capture most of it. The bigger prize is harder and further out: network tokens as a go-to-market weapon for the next generation of SaaS, fintech, and AI companies. Here's the case.
Yesterday, $1.7 Billion was deposited to @hourglasshq vaults.
Big shoutout to @Charlie_Pyle & the team. These guys embody what makes DeFi great — any weekend, they may or may not invent a new financial primitive.
Keep these guys on your radar!
A few updates on the @Stable Pre-Deposit Vault — Phase 2:
The vault has now surpassed $1.6B in deposits across over 25,000 wallets. We’re grateful to see such strong participation from the community.
Deposits close in under an hour at 1:25 AM UTC.
FAQs:
- Each wallet will have 72 hours to complete verification once KYC links are distributed. Links will be made available a few hours after deposits close.
- Users who were unable to complete KYC earlier will be able to do so during this window.
- Only users that pass wallet screening will receive KYC links.
- KYC links will only be available through the Hourglass frontend.
- Users who believe their KYC has failed for an invalid reason will be able to open up a support ticket.
- If total eligible deposits exceed $500 million, allocations will be pro-rata, and any remaining amount will be withdrawable.
- For eligible users, any unallocated portion of their deposit — funds not included in the pro-rata allocation — will be available to claim by the end of next week.
- Users who choose not to KYC or are marked ineligible may withdraw their funds at any time.
Many of you are new to Hourglass — welcome.
To those who’ve been with us since the early days, thank you.
Hourglass has been building since 2022. For those new to the protocol, here’s a quick overview 👇
More details on Phase 2 of the Pre-Deposit Campaign:
• KYC will begin after depositing and must be started within 24 hours of your deposit. It must be completed by Saturday, November 8th at 2PM UTC to remain eligible.
• Users can withdraw at any time if their deposit is marked as invalid.
• The KYC team will be all hands on deck to review submissions after Saturday to handle the high volume. The team reserves the right to extend the KYC period to ensure greater inclusion if needed.
For any issues, please contact @hourglasshq support.
Please check the campaign overview and participation guidelines in the thread below.
Hourglass is excited to introduce its institutional vault for the @Stable Pre-Deposit Campaign – Phase 2.
Deposits will be deployed in partnership with a top-tier investment bank with deep experience in crypto markets, creating up to $500M of USDT liquidity on Stable.
PayPal 🤝 Stable
We’re excited to announce a strategic investment from @PayPal to
advance @Stable's role in stablecoin payments.
This collaboration marks a new phase for stablecoins: moving from niche adoption to becoming embedded in the fabric of global finance.
Big news: Maseer works with @KraneShares to bring $950B compliance carbon market on-chain through CANA token. First is California, with a regulatory floor of CPI plus 5%, a fully permissionless ERC-20 with CPI+5% regulatory floor now live.
Thrilled to join @tether! Huge thanks to @paoloardoino & the team for the warm welcome. Excited to help build an ecosystem of digital asset products that set the standard for compliance & innovation—empowering U.S. consumers and reshaping our financial system. The best is yet to come.
🚨🚨🚨 The House just passed my bill – The GENIUS Act!
This historic legislation will bring our payment system into the 21st century. It will ensure the dominance of the U.S. dollar. It will increase demand for U.S. Treasuries.
I look forward to @POTUS signing GENIUS into law – the first step in making America the crypto capital of the world.
25,000 devs are building in open source crypto right now.
The Electric Capital Developer Report site now updates weekly, not yearly.
You can now track live dev stats for Bitcoin, Ethereum, Solana, and more. (1/6) ⬇️
nyc tuesday-friday this week
never been a better time to build in tech, finance, and crypto
DM if you’re interested in chatting about yield, stablecoins, and the institutional adoption of crypto
To succeed in crypto you need to thrive in chaos. If you feel overwhelmed you will fail.
You won’t focus on the right work.
You won’t do high quality work.
You won’t be having fun.
How do you thrive in chaos?
The best way is to focus on the MOST IMPORTANT THING.
Most work doesn't matter, most work is fake. Outcomes are always 80/20, Pareto-based. If you find that most important thing, then you will thrive, no matter how much chaos there is, because you'll be moving forward step-by-step, you'll be winning, and winning is fun!
Keep it simple: Focus on the most important thing.
🚨BREAKING NEWS
The White House just repealed the ban on supersonic flight over the US!
@boomsupersonic is the new Boeing.
Let’s gooooo!!!!
https://t.co/cKjvTvDT11
> Be 22 y.o.
> 1st time in NYC
> Get lost on subway
> Dream up Google Transit
> Have no idea how hard it would be to build
> Bunch of talented, naive people build in spare time (shoutout @chrishtr, @twephanie, @KatieS)
> Grows to 1B MAU
Naivety is a feature, not a bug
We’ve spent the past year quietly building new financial infrastructure — backed by @Bitfinex and @USDT0_to.
Today, we’re stepping out of stealth. 💥
Introducing Stable, a new Layer 1 blockchain where USDT is the native gas, and peer-to-peer USDT transfers are free.
Built for institutions. Designed for scale.
Keep reading 🧵