Over the last week we mapped 48 onchain neobanks: every licence, every module, every KYC check users go through.
90%+ of neobank products run on "rented" licences.
2 KYC providers verify almost all of them.
8 findings below. Full research in the article. AMA. 🧵
Japan's biggest card network is opening its rails to stablecoins.
JCB (140M users, 40M merchants) signed an MoU with @circle to explore USDC for cross-border payments and in-store purchases.
Everyday money onchain needs reusable identity.
JUST IN: @circle partners with JCB, Japan's largest card network, to bring $USDC to 40 million merchants across cross-border and everyday transactions.
Let's look at the data: supply is down, but transacted volume went up to record highs in the same period.
May-June, the US$ value of stablecoin transactions rose 63% to an ATH $1.78T (Visa/Allium).
Supply down, but real activity up - that's what shows real onchain usage.
140+ banks, networks and wallets just backed Open USD.
The news isn't the coin - it's that stablecoins and onchain rails are now the standard for moving money.
Reusable identity is the core primitive that comes next.
The news that Swift is expected to launch its cross-border payments framework running on crypto rails with many of the world’s largest banks this June is exciting.
But we should not forget about what's truly important: the stablecoin economy must remain open.
idOS is a decentralized identity layer fixing repeated KYC friction for stablecoins.
They partially completed a B-1 with only 2 gaps left to disclose.
Token live since March 5, 2026.
Why this is structurally different?
An agent can't leak what it can't read.
Prompt injection, jailbreaks, malicious MCPs? None can steal you data in plaintext, because it never existed.
This is a policy - not a property. Enabled by idOS.
Agentic AI needs a secure data flow.
Agents route. Recipients read. That's what idOS enables.
idOS is your self-custodial, decentralized storage for personal data. When you share it, an access grant is created and your data is end-to-end re-encrypted to the recipient's key.
👇
Every agent transaction is two flows: a value flow and a data flow.
The value flow evolved - x402, AP2, ACP, wallets w/ spend limits. But this only half the equation for many use cases.
✈️ Booking a flight requires a payment, but also to share your passport.
👇
Your data is yours, agents only carry an opaque blob. No agent, prompt, LLM provider (or of course idOS) holds a key that can open it.
Planner agent routes work. Worker fetches the grant. Broker presents to the merchant. LLM host runs the prompt. None can see the data.
👇
We can attest to that (decentralized identity pun intended).
@provenauthority, @davidsrz and the rest of the team have been in the identity trenches for many years.
Looking forward to continue building together!
As @arrotu pointed out in the comments:
"Every overnight success is a decade of unglamorous decisions nobody saw. The credibility Billions has now is exactly because that work happened off-stage."
Here is our CEO and cofounder Evin McMullen @provenauthority telling the story of 10+ years of team effort and focused dedication that led to building a global protocol that governments and enterprises actually use.
@basche42@CarlKVogel@ethentree Hey @CarlKVogel, we have been building this for more than 3 years, and have some interesting integrations we are working on.
Do you want to chat?