The industry can't afford another year of regulatory limbo. The CLARITY Act represents the kind of foundational stablecoin legislation we need to move forward. Not as a final answer, but as an initial framework that lets serious builders operate with certainty. At @sphere, we're building infrastructure that compliantly makes stablecoins interoperable with existing systems: Fedwire, BOJ-NET, central bank clearing, et cetera. The best future requires pragmatism: both systems working together on better rails.
Last week our team was in Washington meeting with the White House, OCC, SEC, and other key stakeholders. We went to share what we're seeing from the infrastructure side, given that most of the policy focus right now is on market structure: stablecoins, custody, exchange oversight. That's necessary. But there are other hard questions coming: how do regulated institutions actually connect to on-chain systems without breaking anything? How do you make a stablecoin settlement hit Fedwire or BOJ-NET in a way that a compliance officer can sign off on? Legislation sets the framework. But the technical details around clearing, settlement, and cross-border interoperability will determine how it actually works day-to-day.
We're building for that future at Sphere, and grateful for the openness from policymakers and builders alike to getting the important details right.
gmgm 🌞🌞 grateful to wake up to messages like this one
give it a spin yourself at https://t.co/ct7BklKYPh
or, if you're a business, DM @noahZperry@CartolinDaniel@brunoclz for a whiteglove onboard — first one's free 😉
excited to share im pouring my creative energy into @firstcontactxyz
over this past year, ive been humbled by the sheer scale of people who have read my posts and touched by how many people have reached out to me to share how my writing has influenced them
ive come to fully appreciate the impact of media and building your own social distribution--ive spent the past six years working in DC think tanks, an investment bank, and in startups--nothing moves the needle quite like organic coverage.
these days, coverage is just as important as a good product--lack of attention means lack of conversion. ive spent the past year advising and consulting early stage start ups--all teams face the distribution issue.
my goal is to build a media channel that i would listen to--shorter podcasts that spotlight high value frontier tech companies with real working products and the potential to become billion dollar companies / impact one billion lives, hear more about users and who's using the product today, and how developers can build with these products today
i want to highlight
1) good companies
2) smart people
3) new, fun products
i'll experiment with various forms of storytelling and how to break into new audiences--so much of how younger generations learn now is confined to youtube and tiktok
follow along at @firstcontactxyz
FIRST EPISODE
Payments: A Trillion Dollar Opportunity
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Featuring @0xdirichlet of @sphere_labs
A dive into how Sphere Labs is revolutionizing cross border payments with near instant, low-cost transfers that ditch the middleman.
0:08 The pain of international payments
4:03 Market opportunity of cross border payments
4:29 Interview with @0xdirichlet
5:20 Sphere's work in South America
8:47 Regional regulatory frameworks
11:45 Policy and stablecoins
18:42 Sphere Pay
Link to full ep below and dm @0xdirichlet if you're interested in building with @sphere_labs
💸 Onboard with stablecoins to every major network at the flip of a switch, so you never miss a buying opportunity.
🌎 Settle to USD in any country that supports dollar accounts—always at the fastest speeds and lowest rates.
Available to businesses through our dashboard and to individuals via Ramp.
cannot stop talking about @sphere_labs to anyone who will listen—this is one of the few companies built over the past years that will meaningfully change the world over the next decade
frictionless global payments is one of the largest opportunity sets over the next decade and a core value prop of crypto rails, but a mix of regulatory + tech issues with teams unwilling or unable to navigate these challenges in years prior meant imperfect systems that struggled to scale
@sphere_labs helps facilitate any and all money movement over the internet—credit card payments, wires, fiat on/off ramping—using their API allows businesses to customize payment flows while sphere handles regulatory complexity
spending this past week and next month in argentina/chile where mobile phone adoption is high but credit card penetration is low has really made me appreciate sphere in a new light (i always thought it was cool ☝️)
friend is building a mobile payments solution in mexico for hospitality SMBs and by plugging in @sphere_labs APIs he can easily facilitate transfer amounts in local currency between bank accounts from various countries with near instant settlement
sphere is one of those companies that makes me want to put time on fast forward so i can live in a world where western union (predatory exchange rate mark ups and transfer fees) is erased from earth and international transfers between currencies / across traditional finance and crypto networks cost zero for everyone
exciting not yet public things happening, keep notifs on for this company
Having so many friends DM me from Denver saying they recognized and met @CartolinDaniel & @noahZperry is very heartwarming — we’re usually in Brazil this time of year so means a lot to see cross-chain ecosystem support for @sphere_labs.
PS stop asking me to give them raises 😭😂
Together, @Nexo and Sphere are redefining what cross-border payments can be—giving businesses faster, cost-effective solutions in high-inflation markets.
This partnership is just one more piece of the puzzle and the beginning of what’s to come.
Read more below. 👇
🌟 Excited to announce that I’ll be at @EthereumDenver! @sphere_labs is streamlining how businesses execute cross-boarder payments. Would love to share more details in person - DM me if you'll be there 🌍💼
I unfortunately won't make it to Denver, but we are sending two much smarter and handsome @sphere_labs teammates to Colorado instead this year — let me/them know if you'd like to connect or link up!
@CartolinDaniel@noahZperry
Sphere is headed to @EthereumDenver! 🏔️✨
Come link up with us to see what’s cooking at Sphere or chat all things stablecoins and cross-border payments.
See you soon.