Dias

Building Stablecoin Banking in Central Asia | Matcha addict 🍵

[Dias @dsalvh]

https://t.co/LD06IUgKAk

[Jevgenijs Kazanins @jevgenijs]

In case you were wondering how big the cross-border payments opportunity is, McKinsey has the answer: “Cross-border payments recently reached an estimated volume of $190 trillion, generating a global revenue pool of over $290 billion”

[Dias @dsalvh]

It’s 2050.

Anthropic is the world’s first quadrillion-dollar company.
Bitcoin is at $10M.
A Big Mac costs $1,000.
White-collar jobs no longer exist.

You hunt rogue droids for credits so you can afford the next upgrade for your bionic eye.

[a16z crypto @a16zcrypto]

As @cdixon said: "The Whatsapp moment for money is here"

[Dias @dsalvh]

@0xdabaojian Lobbying and compliance is the future of crypto

[sealaunch intelligence @sealaunch_]

https://t.co/a66FurFhsq

[Ryan Hoover @rrhoover]

Insane week for a16z infra:

Cursor exits for $60B, largest private acquisition ever

OpenRouter exits for ~$8B, reportedly

And this is how @martin_casado celebrates

[Dias @dsalvh]

DM me if you’re planning to visit 🙌

[Balaji @balajis]

Network School is back.

We’re up and running in the beautiful country of Kazakhstan, which combines high tech, low cost, brilliant people, a competent state, and plenty of space to build.

So: if you want to build a techno-optimist society with us, apply to Network School.

[SalsaTekila @SalsaTekila]

One of my best angel checks is a project in which I invested 25K in 2023. Founder gave me a 10k refund today.

[atlas @creatine_cycle]

jobs left in the singularity:
- network school kazakhstan teacher
- corgi cafe kazakhstan manager
- corgi growth girl (kazakhstan)
- chief of staff

[Deedy @deedydas]

Crazy to think that this was the first version of OpenRouter.

[twyne @twynexyz]

Credit in lending markets is stuck with whoever deposited collateral. Half of the market has idle credit, the other half is in need of credit.

Proud to announce our seed round, co-led by @cyberfund and @etherealvc, to build the Credit Delegation Layer that connects them!

[Dias @dsalvh]

@borjaneira_ It’s such a good summary. Literally what’s happening in the developing countries

[Dias @dsalvh]

@sui414 Uber drivers outside of US are using Polymarket. Feels like Kalshi is Lyft and Polymarket is Uber

[Dias @dsalvh]

High Capex business used to be boring when no capex SaaS was generating millions.

If software business requires investments in data centres with high amortisation costs, you might as well buy a mining license in Asia and sell rare metals to desperate AI spenders

[Zane Hengsperger @zanehengsperger]

Excited to announce our banking relationship and credit facility with Erebor.

This further accelerates our capacity expansion, scaling physical infrastructure and inventory alongside our software to put more metal behind the largest push to bring production home in generations.

Thank you to Adrian Mag at Nox (@magonmetal), @PalmerLuckey, and the @ereborbank team for your hard work to make this happen.

[3Jane @3janexyz]

1/ Last month we introduced LCC, a new primitive that lets 3Jane scale its balance sheet with ~13x capital efficiency using cryptoeconomic guarantees- and brings standby fees to DeFi as a novel yield source, letting users earn +10% APY on stables. A reintroduction ahead of launch

[Dias @dsalvh]

Some people ask if RedotPay actually has users

https://t.co/R1y5657L5g

[Dias @dsalvh]

@izonline End of an era

[Dias @dsalvh]

@akshat_hk Dm’ed

[Dias @dsalvh]

@mewwts @arno39 Don’t get into car accidents

[DeFi Cheetah - e/acc @DeFi_Cheetah]

Stablecoin card may be the next big issue in the crypto space.

@KulipaXYZ, a stablecoin card issuing company headquartered in Paris, announced financing $6.2M in early April this year, and then suddenly wound down four months later, brushing aside clients of 20+ wallets and companies that rely on Kulipa. Overnight, U cards issued by @ready_co and @solflare are screwed.

The good news among the bad news is that after all, the funds of these U cards are self-escrow and only need to withdraw funds when swiping the card, so there is no customer balance deposited in Kulipa.

In the situation of @KASTxyz or other custodial stablecoin card, I am not really sure what would happen to their customers.