ONCHAIN PAYMENT APPS ARE COMING 📲⛓️
@coinbase 🤝 @circle
Natively minted $USDC really taking off on @base.
Current outstanding supply is at ~$1.6 billion.
🏦⛓️ @BlackRock GOES ETHEREUM 🏦⛓️
An overview of BlackRock's BUIDL money market fund on Ethereum:
BUIDL fund (BlackRock)
A BlackRock-managed money market fund that invests investors’ USD into overnight repos and Treasury Bills to earn yield. An LP share in the fund is a security and therefore the BUIDL tokens have transfer restrictions, etc.
Fund manager (BlackRock)
The fund manager and counterparty for the investors in the fund is BlackRock, the world’s largest asset manager with $9 trillion in assets under management.
SEC registered transfer agent (Securitize LLC)
The fund’s transfer agent and “onchain administrator” is Securitize LLC, an asset tokenization platform started in 2017. BlackRock is an investor in @Securitize.
Blockchain (Ethereum)
The platform on which the BUIDL fund’s LP shares are issued and managed. Securitize manages and monitors the cap table based on the underlying investment traffic and issues the earned yield monthly (as new BUIDL tokens) to investors pro rata.
Stablecoin issuer (Circle)
The fund’s primary stablecoin of choice, USDC, is issued by Circle, a US based stablecoin issuer that’s going public in the near future. BlackRock is an investor in @circle.
Stablecoin (USDC)
The fund will soon enable onchain investments and redemptions with the USDC stablecoin. Today, both investments and redemptions in the fund are done in USD, to and from Securitize’s bank accounts, and only the fund’s cap table is mirrored onchain.
Yield instrument (Treasury Bill)
The instrument that the US government uses to borrow funds from investors. The yield earned is the interest that the US government pays to the T-Bill holders.
Borrower (US Treasury Department)
The Department of the Treasury manages federal finances by collecting taxes and paying bills and by managing currency, government accounts and public debt.
Had a great and productive meeting with Sebastian Burduja, Romanian Minister of Research, Innovation and Digitalization.
Honored to announce The Minister will be joining X Day, in Paris. 🔥
https://t.co/vkK4QE0b0O
The Maiar DEX just got an important new feature: Smart Swaps 🔥
Users can now directly swap between any listed tokens, in just 1 transaction, with the new “Router” smart contract.
More options. Better UX.
👉 https://t.co/PclUMV8kdd
💎I just staked 229.29831501 BSW in Launchpools on Biswap DEX!
https://t.co/C70jAv7Uyd
📁My wallet: 0x88C0669288D903E05d641922ca2ec008fE21aB94
Stake your tokens in Biswap Launchpools to earn more tokens for FREE. #biswap_earn
https://t.co/KK8eFv4BCG
🚨 #NFTGIVEAWAY 🚨
@Unwanted_CNFT is launching TODAY! All their animated traits look insane and we have ONE up for grabs! It's too late for WL for this Launchpad project but still a chance for the public sale! 😍 GO GO!
ENTER GIVEAWAY:
✅ Like & Retweet
✅ Follow @Unwanted_CNFT
🚨 #NFTGIVEAWAY 🚨
@Weeblewibs is going live in an hour and to celebrate, we have a special JPG THEMED NFT up for grabs! Our Launchpad team has been following this project for months now and absolutely love their trippy art! 😍
ENTER:
✅ Like & Retweet
✅ Follow @Weeblewibs
MASSIVE: @binance enables support for the @ElrondNetwork token standard & adds @UTRUST $UTK as the 1st ESDT.
A major leap forward for the Elrond ecosystem.
Users. Markets. Adoption. Opportunities.
On a new scale.
Just getting started.
https://t.co/XdleN9TEkh