.@Uglycash Q2 update and it’s worth reading.
$13.65M in $eUSD customer balances (+36% since Feb)
92% repayment on $250k in short-term credit advanced
69% of tokenized equity volume in AI-related names
@MoneyGram grant (hundreds of thousands) for LatAm distribution.
@OndoFinance grant for tokenized stocks testing.
The headline MAUs didn’t explode. But that’s actually the interesting part they deliberately shifted away from low-quality segments and doubled down on internet earners who actually use the product.
Credit revenue is already running 3x trading revenue. That’s the signal.
This isn’t a #crypto wallet anymore. It’s a financial home being built from the bottom up earn, hold, spend, invest, borrow. For users #TradFi never reached
The MoneyGram and Ondo partnerships validate something: larger companies are actively funding UGLYCASH growth because the brand and user base are real.
#DTF’s are still early (2.3% of volume). But user behavior is already pointing toward thematic products exactly what @reserveprotocol layer is building toward.
Feels like the infrastructure phase quietly working.
@Lopezo110@CadeONeill@reserveprotocol My timeline is documented. $RSR is building for a financial market we have never seen. I've chosen to be patient because if they're right, they will be right BIG....first mover.
@CadeONeill@reserveprotocol with a simpler experience, while Reserve builds the infrastructure (DTFs) in the background.
Also… Nevin Freeman comes off like a strong leader, steady, focused, and not chasing narratives.
@CadeONeill@reserveprotocol The team has been consistent building through the bear market when most projects disappeared.
And Ugly Cash is what separates them from a lot of other projects, it’s not just “another protocol.” It’s a separate consumer-facing product focused on getting mainstream users in.