Big thanks to the Stellar ecosystem and SDF for all the trust and support!
At 57Blocks, we’ve had the chance to build across DeFi, payments, and developer tooling. It’s been great working with so many talented teams and builders.
Looking forward to catching up in Lisbon! 🇵🇹
Our x402 Facilitator project has been selected by Stellar! Thanks for the sponsorship. We’re building toward launch to bring more AI agent services to the Stellar ecosystem. 🚀
#Stellar#x402#AIAgents
https://t.co/6xAMUkmuSO
Huma 🤝 @Arc
PST will be live on Arc from day one.
Huma’s @USDC-native PayFi solution is accelerating cross-border payments, with $18B in transaction volume and zero defaults.
Global capital is moving onchain.
This #TOKEN2049 Singapore week, @SolvProtocol , @StellarOrg , and @ParagonProtocol are bringing together leaders across stablecoins, RWAs, and institutional infrastructure to explore what it takes to build real-world finance onchain.
GLOBAL CAPITAL, ONCHAIN
📅 8 October 2026
📍 Fairmont Singapore
Save your spot ↓
https://t.co/z65FIKz51R
feeling bittersweet as I write this… today is my last day at @StellarOrg after 6.5 amazing years.
when I joined in 2020, I was new to blockchain and this was my first corporate job -- there was so much to learn with all the intelligent people around me. I was encouraged to experiment, build things from scratch, get things wrong and try again. I discovered how I could make things truly impactful in my own way -- @jricetweets, I’m forever grateful you've continued to believe in me and provide such unwavering support over the years as my manager ✨
soon after I joined, I took over the Stellar Community Fund and over the years, evolved from a small grant program into a ~$15M/year ecosystem incubator supporting over 500 teams with funding, development and security support, and mentorship. Special shoutout to the teams who’ve been involved from the very beginning: @lobstr@orbitlens@BeansApp@LitemintHQ@alfredpayio@overcat_me@script3official@soneso@lumenloop@edunodeorg@TellusCoop@xBullCorp@Skyhitz@Link_IO@honeycoinapp@StellarCarbon@CashAbroadApp and more 🌟
with @blockscience, I designed and implemented a novel mechanism that set the stage for reputation-based governance, that since supported $38M in capital allocation. and my biggest achievement is to have built a strong, motivated and tight-knit team to drive ecosystem growth.
I’m so proud of how you -- @gwd2000@elizabethliiii@StellarEmir@idealexit -- have grown over the years. I’m so proud of the things we’ve built, how we were able to push forward when things didn’t go the way we planned. such creative, motivated, intelligent, talented people you don’t come across often, and it’s been such an honor to work with you.
@Stellarorg and the ecosystem have grown immensely alongside those years -- being a leader in RWA, global payments and aid disbursements, having future-proof smart contracts, and more recently also incredible interoperability with other systems. This chain is not about hype but building sustained, real world impact that people can rely on -- something I’ve aligned with from the very beginning. @DenelleDixon is one of the most inspiring people I’ve ever worked with: incredibly resilient, leads with integrity, and drives a powerful vision 🤩
now it’s time for me to explore what’s next. I have so many questions on agent native systems, autonomous organizations, and the governance, evaluation and safeguards required so this technology can not only be impactful, but also secure and reliable. I’m going to spend the coming time on research, experimentation, and connecting with people with similar interests to build this emerging ecosystem together. I've joined @metagov as a research affiliate to do exactly this. And if you have cool projects you’re working on, or opportunities in the space --definitely reach out!
and I won’t be entirely gone from @StellarOrg just yet -- I’m consulting on a few essential projects to ensure a smooth transition for the next few months. this team and ecosystem means a lot to me, and I want to see it to success. thank you all for being part of it! 💖
@anke_g_liu@StellarOrg@gwd2000 Thank you so much to you, and the team for all the support you’ve given 57Blocks. It’s been amazing to see SCF grow and everything you’ve built for the ecosystem. Everyone I’ve met on your team has been incredibly smart, patient, and passionate about what they do.
we're making @blocks smaller today. here's my note to the company.
####
today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half, from over 10,000 people to just under 6,000. that means over 4,000 of you are being asked to leave or entering into consultation. i'll be straight about what's happening, why, and what it means for everyone.
first off, if you're one of the people affected, you'll receive your salary for 20 weeks + 1 week per year of tenure, equity vested through the end of may, 6 months of health care, your corporate devices, and $5,000 to put toward whatever you need to help you in this transition (if you’re outside the U.S. you’ll receive similar support but exact details are going to vary based on local requirements). i want you to know that before anything else. everyone will be notified today, whether you're being asked to leave, entering consultation, or asked to stay.
we're not making this decision because we're in trouble. our business is strong. gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. but something has changed. we're already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company. and that's accelerating rapidly.
i had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. i chose the latter. repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead. i'd rather take a hard, clear action now and build from a position we believe in than manage a slow reduction of people toward the same outcome. a smaller company also gives us the space to grow our business the right way, on our own terms, instead of constantly reacting to market pressures.
a decision at this scale carries risk. but so does standing still. we've done a full review to determine the roles and people we require to reliably grow the business from here, and we've pressure-tested those decisions from multiple angles. i accept that we may have gotten some of them wrong, and we've built in flexibility to account for that, and do the right thing for our customers.
we're not going to just disappear people from slack and email and pretend they were never here. communication channels will stay open through thursday evening (pacific) so everyone can say goodbye properly, and share whatever you wish. i'll also be hosting a live video session to thank everyone at 3:35pm pacific. i know doing it this way might feel awkward. i'd rather it feel awkward and human than efficient and cold.
to those of you leaving…i’m grateful for you, and i’m sorry to put you through this. you built what this company is today. that's a fact that i'll honor forever. this decision is not a reflection of what you contributed. you will be a great contributor to any organization going forward.
to those staying…i made this decision, and i'll own it. what i'm asking of you is to build with me. we're going to build this company with intelligence at the core of everything we do. how we work, how we create, how we serve our customers. our customers will feel this shift too, and we're going to help them navigate it: towards a future where they can build their own features directly, composed of our capabilities and served through our interfaces. that's what i'm focused on now. expect a note from me tomorrow.
jack
Capital formation around @Arc
The Arc Builders Fund network includes:
500 Global
Breyer Capital
Canonical Crypto
CoinFund
CRV
Curql Fund
CV VC
DCG
Dispersion Capital
Dragonfly Capital
Electric Capital
Faction Ventures
Fin Capital
Flourish Ventures
Hack VC
Haun Ventures
Headline Asia
Infinity Ventures
IVC
Kindred Ventures
Lightspeed Venture Partners
Nyca Partners
Offline Ventures
SC Ventures
SNZ Capital
Strobe Ventures
https://t.co/zLV9CkQhBH