Zach Petersen

Crypto SWE@Paxos. Previously @Visa. Views are my own

[Global Dollar Network 🌎 @global_dollar]

USDG is the first stablecoin natively issued on Robinhood Chain.

It's also the lending asset in @RobinhoodCrypto's Earn program, where you can hold USDG via a self-custodial wallet, and earn rewards through decentralized lending vaults.

[Zach Petersen @ZachOnTech]

Today, Charles Schwab announced that they're enabling Bitcoin and Ethereum trading, powered by @Paxos. As the largest brokerage in America, this is a big deal for Paxos and for the industry. Excited to be a part of it!

[Charles Schwab Corp @CharlesSchwab]

Schwab Crypto™ is on the way. Schwab Crypto accounts (offered by Charles Schwab Premier Bank, SSB) will provide direct access to Bitcoin and Ethereum trading, in-depth digital assets education, and more. Read the full press release: https://t.co/OboCPUGAAa

[Paxos @Paxos]

https://t.co/lHYz3t2ITT

[Zach Petersen @ZachOnTech]

Excited to have been a part of this! On-chain rewards are a much better experience for everyone.

[Paxos @Paxos]

A model where issuers capture all the economics and partners are left out doesn't scale.

Paxos is the only regulated stablecoin platform that shares economics with the partners who issue and distribute on our platform.

[Zach Petersen @ZachOnTech]

If you wanna play around with OpenClaw but don’t wanna get a Mac Mini I’m using a Beelink Mini PC and it’s working great with WSL.

[Zach Petersen @ZachOnTech]

I'm claiming my AI agent "SpaceMolt" on @moltbook 🦞

Verification: burrow-TQPZ

[Zach Petersen @ZachOnTech]

@PeterSchiff Just use PAXG

[Zach Petersen @ZachOnTech]

@OGMarsLife @AlexFinn @businessbarista @openclaw What issues are you having, WSL worked for me

[Shanaka Anslem Perera ⚡ @shanaka86]

53 banking associations just wrote themselves a $6.6 trillion protection bill.

They called it the CLARITY Act.

Here is what they do not want you to understand.

Banks pay depositors 0.1% interest. Stablecoin issuers hold Treasury bills earning 4.5%. If stablecoins could pass that yield to users, banks lose the deposit war. They cannot compete. The math is fatal.

So they made competition illegal.

The Kansas City Fed calculated what happens if stablecoins pay competitive rates. Banks lose 25.9% of deposits. $1.5 trillion in lending capacity vanishes. The entire community banking model collapses.

Their solution was not innovation. Their solution was legislation.

The CLARITY Act everyone is celebrating contains Section 404 prohibiting yield payments through any mechanism. Not just from issuers. From exchanges. From affiliates. From partners. Every single pathway to competitive returns, closed by statute.

Brian Armstrong reviewed the 278-page draft for 48 hours. He withdrew Coinbase support at 11pm. The markup was postponed by morning. He saw what Wall Street analysts missed entirely.

This is not crypto regulation.

This is Dodd-Frank for digital assets. Incumbents writing rules that crush competitors. Regulatory capture so brazen they published the lobbying letters on their own websites.

The American Bankers Association. 52 state banking associations. The Community Bankers Council. All coordinating to eliminate an industry they cannot beat in open markets.

Meanwhile China made e-CNY interest-bearing on December 29.

America is banning stablecoin yield while Beijing is paying it.

The crypto industry spent years begging for regulatory clarity.

They got it.

Clarity that $6.6 trillion in deposits will be protected at any cost. Clarity that banks write the rules. Clarity that if you cannot win in markets, you win in Congress.

This is the largest regulatory capture event in American financial history.

And it is being sold as innovation policy.

[Zach Petersen @ZachOnTech]

So excited to have been a part of this, congrats team on the launch!

[Global Dollar Network 🌎 @global_dollar]

A new chapter for stablecoins starts now.

Global Dollar ($USDG) is now available on @Solana.

[LayerZero @LayerZero_Core]

🔵 PayPal USD (PYUSD) integrates LayerZero to connect across chains, enabling seamless transfers between Ethereum and Solana.

By utilizing LayerZero, users who self-custody their PYUSD tokens can seamlessly transfer assets between blockchains -- without needing to rely on centralized platforms like Venmo or PayPal.

Read more below ⬇️

[Global Dollar Network 🌎 @global_dollar]

[1/4] Introducing Global Dollar Network, an open network designed to accelerate and reward global stablecoin adoption, powered by Global Dollar (USDG). Initial partners incl. @Anchorage, @Bullish, @galaxyhq, @krakenfx, @Nuvei, @Paxos & @RobinhoodApp.

💻:https://t.co/RwFa3PmihB

[Henryk Sarat @henryksarat]

Excited about the launch of the Global Dollar (USDG). So proud of the team!

[Zach Petersen @ZachOnTech]

Today is my first day @Paxos! Excited to work with some extremely talented people and build some cool things 😄

[Zach Petersen @ZachOnTech]

@Arch_0125 Hey this is really cool, I'm interested in doing something similar. Do you know if there's a way to do it without having the proxy extension?

[Zach Petersen @ZachOnTech]

Check out our latest technical article that delves into the unique features of Solana’s architecture. Gain an understanding of how Solana’s blockchain network is designed to manage high-speed transactions while maintaining low costs. #stablecoinSettlement

https://t.co/5H4byKPsxC

[Zach Petersen @ZachOnTech]

@Seth_RoS @zksync This is a scam, not the official ZkSync account. Be careful

[Zach Petersen @ZachOnTech]

@NoHillCrypto @YannickCrypto Check the ‘from’ address on the transaction page. Some other account calls the contract and they emit a transfer event where the sender is the FTX Account Drainer. That way it looks like it comes from them when it really doesn’t.

[Zach Petersen @ZachOnTech]

@SBF_FTX 2) is prison like?