Nick Chicago

CEO at CFX | @MoveUSD

[Nick Chicago @nickchicag0]

Rebanking

2025 word of the year.
Keep me honest @OxUniPress

[Rob Hadick ＞|＜ @HadickM]

The modern issuing stack is slowly being taken over by those who understand that being modular, stablecoin native, global first, and product led is will the world is going. This acquisition is an absolute no-brainer and will add even more certainty that Rain is the best option for any company issuing a new, modern card who wants to increase spend, build sticky consumer experiences, and have greater control over their products and economics.

Congrats to both the Ansa and Rain teams.

[Frank Chaparro @fintechfrank]

Add a zero.

[Nick Chicago @nickchicag0]

@duborges Can you share a website for one of these publishers?

[Nick Chicago @nickchicag0]

@duborges Please explain the use case for 1,000 cards per org for online advertising.

[Nick Chicago @nickchicag0]

@SamBroner @NikMilanovic After JPM, who tokenized the most bank deposits in 2025?

[Nick Chicago @nickchicag0]

@chuk_xyz @mottice The top 20 banks will cover 80% of retail and SMB. They’ll have 20 deposit tokens and two-way real time rails across the top 20. Same playbook as Zelle answer to Venmo.

$10B annual ad budget + cash incentives vs whatever Founders can cook up before genius act becomes law.

[Nick Chicago @nickchicag0]

@chuk_xyz @mottice The barrier is 10 year core banking software contracts x 4,462 FDIC insured banks with zero IT budget and enabling a competing business model.

Speed -> Risk
Technical -> Cost of implementation
Economic -> Their risk + Their cost to enable our industry as competitors

[Nick Chicago @nickchicag0]

@mikulaja Check device IP and brick your account. Fall back to upload a utility bill to proof of residence.

Similar has been in effect for certain Texas zips going back 6 months or so.

Becomes too cost prohibitive for the operators so they’ll just stop servicing those areas.

[Nick Chicago @nickchicag0]

@0xNairolf

[Bo Hines @BoHines]

XXI

[Paolo Ardoino 🤖 @paoloardoino]

Tether just released its quarterly attestation for Q2 2025.

Highlights as of 30th June 2025:
* 157.1B total issued USDt, end of Q2 2025.
* 162.5B total assets/reserves, end of Q2 2025.
* 5.47B excess reserves, on top of the 100% reserves in liquid assets that back all issued tokens, end of Q2 2025.
* 127B+ in US treasuries (direct + indirect exposure), end of Q2 2025.
* 4.9B net profits, in Q2 2025 (5.7B YTD)
* 13B USDt supply increase, in Q2 2025 (20B increase YTD).

USDt growth is accelerating, leading the market with a 100B delta with the second largest stablecoin.

In the upcoming quarter Tether will focus on a new venture in the U.S, to build a best-in-class product suite (stablecoins plus more), designed for the specific, already highly efficient, market.

Thank you very much for the continued support ❤️

[Nick Chicago @nickchicag0]

@mikulaja Govt Bonds are 8.55%

[Nick Chicago @nickchicag0]

@NikMilanovic This kind of attitude is not going to get you an invite to the LIV Syria Invitational.

[Nick Chicago @nickchicag0]

@NikMilanovic @thestablecon @twifintech StoneX is a way more relevant comparison to AirWallex than Stripe.

[Nick Chicago @nickchicag0]

@chuk_xyz @stripe

[Nick Chicago @nickchicag0]

@Austin_Federa Increase income. Reduce rent seeking.

[Nick Chicago @nickchicag0]

@Austin_Federa Tipping culture is driven by the POS systems trying to get a higher overall ticket size.

Service workers get $11 / hr wages in NY.
NY cup of coffee is $7.

The size of the Internet Capital Markets is the product of the income of the retail market less basic living expenses.

[Nick Chicago @nickchicag0]

@jefielding I’m convinced Microsoft screwed us all by not doing 20/40/60 default calendar intervals.

[Nick Chicago @nickchicag0]

@jefielding @fintechjunkie Both feel correct IMO. I can count on one hand the number of VCs that spend 60 mins but wish they did. And 15 mins seems just right with pre-read deck.

[Senator Bill Hagerty @SenatorHagerty]

Stablecoin issuers will be the largest holders of U.S. treasuries in the world.