ben

[ben @benwnu2]

@Energy2Value Cap

[ben @benwnu2]

@moonpay Possible to win these?

[ben @benwnu2]

@Energy2Value Cap

[MoonPay 🟣 @moonpay]

need to find a new home for this XRP

is anyone here capable of taking care of it?

[ben @benwnu2]

@moonpay EGHAyNLDKkMLw2FdG3zKpqhFDXffkKL94HBJoVktXmAp

[ben @benwnu2]

@CatoXsol EGHAyNLDKkMLw2FdG3zKpqhFDXffkKL94HBJoVktXmAp

[$CATO @CatoXsol]

We are launching November 3rd at 15:00 UTC 🚁

$CATO is a decentralized meme coin built on #Solana

First 2,000 Address 16,000,000 $CATO
Follow, like, RT (Drop your $SOL wallet)

Snapshots 12 hours

[ben @benwnu2]

@Energy2Value Cap

[Andres @serdre_]

Anatomy of a Stablecoin:
Stablecoins are some of the most complex products in the crypto neobank space.

What sits behind a digital dollar is hard to follow. The reserves, the banks, the mint, the chains. The legal side is even harder: who can issue it, which rules apply, what changes from coin to coin. That's true whether you're building your own stablecoin or just deciding which one to use.

I built Anatomy of a Stablecoin to simplify it:
https://t.co/LY64LHPwVi

It lets you explode a stablecoin and see everything that happens in between. You can flip it, zoom in and follow $100 in and out.

Here's everything inside:

Learn: 12 questions, in the order people actually ask:
1. What is a stablecoin?
2. What is inside it?
3. What backs every token?
4. Where is the money actually held?
5. How are tokens created and destroyed?
6. Who checks your identity before a coin is made: KYC, AML and sanctions screening
7. What the token actually is: a smart contract that tracks balances and can mint, burn and freeze
8. How does money get in and out?
9. What keeps the price at $1?
10. What makes it legal in the US?
11. Who builds each piece?
12. How do real stablecoins compare?

The 7 layers of a stablecoin:
1. Compliance: KYC, AML monitoring, sanctions screening and the Travel Rule
2. Reserves: cash, T-bills under 93 days, overnight repos and government money funds
3. Custody: segregated accounts, and holders get first claim if the issuer fails
4. Mint and burn: a token is created when a dollar comes in and destroyed when it goes out
5. Smart contract: ERC-20, SPL, TRC-20, plus the freeze, pause and blocklist functions
6. Blockchains: Ethereum, Solana, Base, Tron, BNB Chain, the XRP Ledger, Polygon, Arbitrum, Stellar, TON, Avalanche and Citrea
7. The token: the balance you actually see in your app

Follow the money:
• Money in: Apple Pay, Google Pay, PayPal, Venmo, Cash App, bank transfer and crypto
• Money out: bank payouts, push to card, P2P apps, card spend and crypto
• Watch $100 go through every step: fund, verify, reserve, mint, deliver, trade, redeem, pay out

16 real stablecoins:
1. XO Cash: Exodus's dollar, issued by MoonPay on M0, on Solana
2. ctUSD: the dollar for Bitcoin apps on Citrea, issued by MoonPay on M0
3. USDT: the biggest, about $182B, issued from El Salvador
4. USDC: Circle's coin, about $71B, the largest US regulated stablecoin
5. USDe: Ethena's synthetic dollar, backed mostly by stablecoins it lends out plus hedged bitcoin and ether
6. DAI: no company issues it; smart contracts create it and SKY holders govern it
7. USD1: World Liberty Financial's dollar, issued by BitGo, a federally chartered trust bank
8. USDG: Paxos's Global Dollar, where partners can get up to all of the reserve income
9. PYUSD: PayPal's dollar, issued by Paxos
10. RLUSD: Ripple's dollar, issued by a New York trust company Ripple owns
11. USDD: TRON's dollar, backed mostly by TRX
12. U: an offshore coin on BNB Chain that says it has no license
13. TUSD: one of the oldest, with most of its reserves caught up in a court fight
14. EURC: Circle's euro coin, about 60% of the euro stablecoin market
15. SoFiUSD: issued directly by a US national bank
16. Phantom CASH: issued by Bridge on Solana
For each one: issuer, license, reserves, reports, chains, supply, who can mint directly and whether holders earn yield
• Check the supply yourself: links to CoinMarketCap, DefiLlama and each issuer's reserve report
• Race up to 4 dollar coins side by side and watch the same $100 move through each one

Who builds it:
• MoonPay, Circle, Tether, Paxos, Anchorage, Bridge, M0, Ethena and Coinbase, plus the analytics, custody and liquidity players
• Click a company and the model lights up the layers it runs
• See which coins each one really issues.

4 approaches to launching a dollar token:
1. Become the issuer: Obtain the required authorizations and take responsibility for reserves, redemption and compliance. Most direct control; generally the heaviest operational burden.
2. Use an issuance partner: Providers such as MoonPay, Paxos, Anchorage, or Bridge offer branded stablecoin issuance. You manage the brand and customer experience; the issuer's responsibilities and regulatory permissions depend on the specific arrangement.
3. Build on shared infrastructure or an existing stablecoin: Use a platform like M0, potentially with an issuance partner. PYUSDx is an example: MoonPay issues PYUSDx against PYUSD at 1:1; Paxos issues the underlying PYUSD. This adds another issuer and redemption layer.
4. Create a synthetic dollar: Use collateral plus derivatives hedges to target a dollar value, as Ethena does with USDe. This is a different backing model. Ethena's staking product, sUSDe, accrues rewards; simply holding USDe does not.

The rules:
• The 8 GENIUS Act requirements, checked live as you change the design: licensed issuer, 1:1 eligible reserves, segregated reserves, monthly reports, redemption at $1, an AML program, sanctions and freeze controls, no yield to holders
• The 4 issuer routes: bank subsidiary, federal nonbank, state issuer under $10B, and offshore
• Drag the price off $1 and see how fast it comes back. Strong reserves snap back, weak ones don't
• Switch to an algorithmic coin and watch it break the way TerraUSD did in 2022

Build your own
• Pick how you issue (a platform like M0 or PYUSDx, a partner, or your own license), plus the reserves, controls, chains and how money gets in and out
• Score it against GENIUS in real time, out of 8
• Get a launch plan with a timeline: about 12 weeks on a platform, about 20 with an issuing partner

Two modes
1. Simple: one circle that shows where your money goes when you add money, spend with a card or withdraw
2. Pro: every layer, every rail, every rule

149 sources behind it, all linked on the page:
https://t.co/sSyJcetlHz

Spot something wrong, or have an idea to make it better? DM me here or on LinkedIn. All feedback helps.

⚠️ DISCLAIMER ⚠️ A personal project built from experience. Not legal, financial or investment advice. Not affiliated with any company named. Talk to licensed professionals before you build anything.

This is a collab with @0xmars_! Thank you for helping me with massive launch.

[ben @benwnu2]

@Energy2Value EGHAyNLDKkMLw2FdG3zKpqhFDXffkKL94HBJoVktXmAp

[Energy2Value @Energy2Value]

YOU WANT MONEY FAST? 💸

MAYBE TODAY IS YOUR LUCKY DAY.

SURPRISE ME HERE 👇

[MoonPay 🟣 @moonpay]

blow this up 👇

[ben @benwnu2]

@moonpay Am I cooked?

[ben @benwnu2]

@Energy2Value Cap

[ben @benwnu2]

@moonpay EGHAyNLDKkMLw2FdG3zKpqhFDXffkKL94HBJoVktXmAp

[MoonPay 🟣 @moonpay]

sending $200 of SOL to one person who likes the original post below 💸💸💸

[Energy2Value @Energy2Value]

🔗 FREE LINK HERE! 🎁

🔁 Repost to enter
💬 Drop your ETH wallet address

💰 Good luck!

[Energy2Value @Energy2Value]

🚨 $100 CRYPTO GIVEAWAY! 💰

🏆 Comment with the MOST LIKES wins $100!

🪙 Winner chooses the currency: BTC, ETH, SOL, USDT or any other crypto!

Let the battle begin! 🔥

[Energy2Value @Energy2Value]

Who has never won an airdrop?

[Energy2Value @Energy2Value]

🦝 Repost my posts like a maniac 🗿

Drop your SOL wallet. Check it in 20 min 🦍🧃