@seraprotocol going a little crazy. Some market maker is selling SGD at 1.2885 vs @Wise at 1.2787, literally 10cents difference!
Madness. Who's swapping this to arb?
Looking good~ @seraprotocol
We commit to the bringing FX Onchain. When we succeed, FX rates will be unbeatable on https://t.co/3OPRGXPNcc
Central Banks mid-rate pricing will become a reality
@patweet_pa@risklenapadega@janwhyy Yes all Kirana stores should also be responsible. And most of the time they are aware when fake products are sold. They are part of the organised crime.
In 2015, a jewellery guy from Bengaluru bought one of the world's largest gold refineries in Switzerland for $400 million
his name was Rajesh Mehta
his company: Rajesh Exports
two years later, REL showed up in the Fortune 500 list ranked above Meta, Nike, and McDonald's.
an Indian jewellery company above Nike.
business media celebrated. retail investors bought in. LIC put in ₹2,000+ crore of policyholder money.
nobody asked: how?
here's how the trick worked.
Valcambi, their Swiss refinery, processed gold for clients. the clients owned the gold. they just sent it for refining - like dropping clothes at a laundry.
REL booked the full value of that gold as their own revenue.
clothes they didn't own. gold they held for 2 weeks max.
that's how a jewellery company "out-earned" Nike.
when SEBI started asking questions, REL had answers ready.
documents? Swiss privacy law, can't share.
concalls? stopped holding them years ago.
customer names? no records.
invoices? none.
inventory? doesn't exist.
SEBI is legally recognised in Switzerland to request exactly this data. REL knew that. cited the law anyway. bought time.
for 5 years, the structure held.
auditors signed. exchanges listed. analysts covered. LIC committees approved.
₹15.15 lakh crore in revenue FY21 to FY25 reported, filed, and accepted.
99.8% of it was fiction.
June 3, 2026.
SEBI released a 109-page order.
the stock opened and never recovered. by end of session it was down 80%.
₹12,726 crore of shareholder wealth — gone in one afternoon.
LIC lost ₹1,600 crore. not fund manager money. not bonus pool money. the monthly premium a nurse in Nagpur has been paying since 2009.
the part nobody wants to talk about:
Rajesh Mehta had photographs with the Prime Minister.
the kind of proximity that tells markets: this person is credible, this company is safe, no one is coming for them.
whether that protection was real or just perceived — it worked for 5 years.
the small investor always finds out last.
no Bloomberg terminal. no management access. no early warning.
they trusted the auditors, the exchanges, the regulators, and LIC to do the checking.
every single one of those systems failed them.
"na khaaunga, na khaane dunga."
₹1,600 crore of LIC money. 5 years of silence. one photograph.
some promises age worse than others.
Sera is the world's first stablecoin DEX.
Same-currency clearing at 1:1, best rate on the board for everything else.
Got $USDT, need $USDC? Swap on Sera 1:1
Paid in $USDT but you live in Europe? Swap on Sera
Holding $xSGD but need $BRLV? Swap on Sera
Sera runs the most corridors with best rate on every one of them. Currency swaps that are instant and low cost.
Settle on Sera
i think most people are looking in the wrong place for the next big crypto narrative
It's not another token
It's not another chain
It's the rails moving trillions of dollars behind the scenes
@seraprotocol
Yups! @seraprotocol is launching a version that allows you to just park stables, and watch it grow!
Very impressed with the depth of understanding of our community!
One piece of feedback keeps coming up:
“Why aren’t you using AI agents to automate earning strategies?”
We’ve also heard from many FX-exposed investors asking for something simple enough that they can plug into @claudeai, @ManusAI, or @perplexity_ai and deploy with minimal effort.
So, we’re building something even simpler than https://t.co/yzIITXgEDx
Soon, users will be able to simply park liquidity and allow it to be utilized across PSPs, neobanks, on/off ramps, remittance providers, marketplaces, and more.
Many assumed yields would be small. Turns out, 8–15% for safer currencies and up to 500%+ for exotics. Looks pretty attractive to me.
My savings account gives me less than 0.5% annually. Banks ask you to jump through hoops too: credit your salary, set up recurring spend, spend a minimum amount every month, and more.
With significantly more effort, maybe that 0.5% becomes 3-4% at best.
Money should work for me, not the other way around.
Beautiful. The 10,000 gSera pre-registration campaign is officially over. Huge thanks to all 448 claimants!
We’ve already crossed $800k+ in FX volume during the 8-day gSera campaign.
Start trading now: https://t.co/hzyfPI0bwU
Check your gSera balance: https://t.co/2psNFKNbTm
"If you believe stablecoins should feel like real money that moves freely across borders… this is the infrastructure we’ve been waiting for." - @WayOfTzu
@ilyesm@sridharfyi Money will take you to places you can’t go through networks. Networks are only talks but when you have deep pockets even the networker larpers start taking you seriously.