The cloud gets the credit. The humans deserve a little.
At YOTTA with Peter Gross, George Rockett and Dean Nelson, I was reminded why I still love this industry after 30 years: the time they give and the doors they open.
https://t.co/vpZyK87Miy
Who opened a door for you?
21 banks, including BofA, Citi, Goldman, Deutsche, UBS and MUFG, are building one dollar stablecoin together. Targeting H1 2027.
Built to satisfy GENIUS and MiCA at once.
The constraint they are designing around is not technology. It is licensing. https://t.co/YcG1j1sKZV
Open USD launched on 4 chains: Base, Ethereum, Solana, Tempo.
Tempo is Stripe and Paradigm's payments chain: $500m raised at $5bn, live since March.
Firms that own the merchant are building the rails. If you assumed you'd be the rails, what's the plan? https://t.co/l0EguIkiAc
Open USD: free minting, free redemption, rewards paid in proportion to the activity you drive.
That is a distribution play, not an issuance play.
Issuance is becoming a commodity with a regulated floor under it. Placement is the contest that is left. https://t.co/l0EguIkiAc
494 stablecoin companies analyzed across LatAm.
16 do wholesale stablecoin-to-fiat liquidity as their main business.
9% hold a license you can verify.
If one of those desks loses its bank, the cash-out stalls for everyone sitting on top of it. https://t.co/YcG1j1sKZV
Our CEO Tony Greenberg on what neighbors should get in writing when a data center moves in next door: a voice, jobs with a future, and benefits measured after the ribbon-cutting cameras leave.
What would you ask for?
The cloud gets rich. What do its neighbors get?
A voice. Jobs with a future. Clear answers on who pays for infrastructure. Benefits written into the agreement.
If a data center moved in next door, what would you want in writing?
https://t.co/VmdSnMmXKE
Product-market fit in infrastructure rarely shows up as a spike in valuation.
It shows up as dull, repeated, essential jobs.
Supply fell ~$16bn from May's peak. Payroll ran at $43bn. B2B settlement at $137-153bn.
The cycle turned down. Usage did not. https://t.co/l0EguIkiAc
The wallet is disappearing into other people's products.
Embedded wallets now sit inside PSPs, fintech apps and marketplaces. Users never see a wallet brand.
The question is not how good your wallet is. It is who owns the customer it sits inside. https://t.co/l0EguIkQpK
A conveyor belt only runs as fast as its narrowest point.
The part of a stablecoin payment that breaks is rarely on chain. It is the moment a digital dollar becomes local currency.
Most firms have never asked which desk sits behind their off-ramp. https://t.co/YcG1j1sKZV
Visa puts stablecoin turnover at 13.56x a quarter.
US M1 turns over 1.65x.
A flat float carrying rising volume is not a market cooling off. It is money that stopped being held and started being used.
Market cap is the wrong gauge. https://t.co/l0EguIkiAc
#Stablecoins
Visa: stablecoin-linked card volume up ~200% YoY across 160+ programs.
What matters: 17% is now business and commercial.
Growth means crypto spending is up. Business share means it reached treasury.
Different buyer. Different questions. https://t.co/l0EguIkQpK
#Stablecoins
Stablecoins promise faster payments. Bank transfers feel familiar. Which one actually works better for your business?
The answer depends on the full cost—and when your supplier can spend the money.
https://t.co/piLh0ssQJG
Stablecoins create three kinds of replacement:
01 Commercial - whose revenue disappears?
02 Impact - what extraction disappears?
03 Investment - real value vs. value just passed along?
Tony Greenberg unpacks this Wednesday.
https://t.co/eEoX75J7Y0