Trevor Baker

VP, Technical Operations @ Circle

[Trevor Baker @tjbaker]

My son's robotics team is going to the #FRC World Championship in Houston! Please consider making a tax deductible donation to help support these rising #STEM leaders! Go Nashoba Robotics! 🤖

https://t.co/qrMdQMrQKa

[Jeremy Allaire - jerallaire.arc @jerallaire]

BREAKING NEWS:  3 big announcements from @circle. 

 1) We have acquired Hashnote, issuer of the world’s largest Tokenized Money Market Fund (USYC); 

2) we have entered into a strategic partnership with global trading firm DRW to drive USDC and USDY in  crypto and TradFi markets; and 

3) we have announced our plans to launch USDC, alongside USYC, on the Canton blockchain network.

https://t.co/hJf463tdkP

Let me break all of this down.

First, we are thrilled to bring the Hashnote team and family into Circle.  As one of the leading pioneers of tokenization (USDC is arguably the largest form of regulated tokenized cash in the world), we have seen a rapid shift towards tokenized treasury assets through TMMFs.  There is an enormous and immediate opportunity to bring yield-bearing collateral into crypto market structures, and through seamless integration with USDC, enable market participants to convert between USDC and USYC on a 24/7/365 basis.  Hashnote has been a pioneer and is the largest issuer of TMMFs in the world today.

As more and more institutions get involved in the digital asset market, we are taking what are common practices in traditional finance and importing those onchain, but with the incredible super powers of global, real-time settlement, programmability and composability.  Indeed, one of the holy grails of capital markets is the ability to move between cash and collateral instantly.  We are unlocking this with a focus on the well established crypto capital markets.

With DRW, we are expanding on an already strong and nearly 10 year working relationship with DRW subsidiary Cumberland.  Don Wilson is a true visionary in markets, and Cumberland continues to be one of the largest and most important global trading firms in crypto.  Through this expanded partnership, Cumberland will expand its liquidity and settlement services for USDC and USYC, driving broader institutional adoption in crypto.  Additionally, we will work together to bring these onchain innovations into traditional financial markets, where tokenized cash and collateral can unlock enormous value for every financial market participant.

And on this note, Circle is also announcing its planned deployment of native USDC on Canton, the leading public blockchain for fully private and secure financial applications. With over $3.6 trillion in RWA issued and over $1.5 trillion repo/month, Canton is  already used and supported by major traditional banks, trading firms, asset managers and exchanges. With USYC already supported on Canton, offering native USDC integration will enable a seamless and 24/7/365 convertibility between collateral and cash for use in TradFi markets onchain.

TLDR – Circle is leading the way in bringing the most important building blocks of money onchain, fostering a more scalable model of global institutional adoption of crypto infrastructure, while also paving the way for onchain money to become the core of traditional financial markets.

Stay tuned for a lot more on all of these fronts!

Jeremy

[Trevor Baker @tjbaker]

Brand new campaign from @circle on the power of open money. Digital dollars that move across the internet to deliver speed, low costs and greater inclusion.

Money is now open. #OpenMoneyEra https://t.co/RQIe0XhwWx

[Trevor Baker @tjbaker]

Hi there STEM supporters! My son's robotics team has advanced to the world championships in Houston next week! Please consider making a tax-deductible donation to help send them to the event!

https://t.co/LQ9cNQFRB0

[Trevor Baker @tjbaker]

What an exciting development for the developer community building on #USDC. @Circlepay’s Cross-Chain Transfer Protocol was just announced at #ConvergeSF22 🙌 Make sure you catch the full details and the announcement HERE: #TeamCircle https://t.co/hywryZ3qEY

[Trevor Baker @tjbaker]

Big News: @circlepay just announced a partnership with @robinhoodapp to bring USDC to Robinhood customers! #TeamCircle https://t.co/gwHEgtbU8A

[Circle @circle]

NYCB will custody USDC reserves as part of Circle Impact’s commitment to making the future of money and payments more inclusive. The relationship will also promote access to low-cost financial solutions for the underserved and unbanked communities. https://t.co/92FTkPvMr6

[Trevor Baker @tjbaker]

@euroc__cool Hey friends, can you update the year in this callout..."Euro Coin (EUROC) launches on June 30th, 2020." It should say 2022. Thanks!

[Trevor Baker @tjbaker]

.@circlepay just announced #EuroCoin!

Euro Coin (EUROC) is their newest #stablecoin that will launch on June 30th, designed with the same full-reserve model as #USDC so that it’s always redeemable 1:1 for euros. See how to get it #TeamCircle https://t.co/IqKyQPv9qu

[Trevor Baker @tjbaker]

@nattarbox @Twitter Eternal sunshine of the spotless mind.

[Trevor Baker @tjbaker]

Amazing work 🎉 from the entire team at @circlepay to double our valuation in less than a year! We're hiring across the entire company so be sure to check out our careers page if you're interested in hopping on this 🚀

https://t.co/KPiH2UmQeL

[Trevor Baker @tjbaker]

$50B #USDC What a momentous occasion! Come join us at @circlepay as we raise global economic prosperity . Every team is hiring. Come join us! https://t.co/00zXr3BQWI

[Trevor Baker @tjbaker]

@usdc_cool Love the customer service! ♥️

[Trevor Baker @tjbaker]

@TonyPrintezis Looks more like a bowl to me.

[Trevor Baker @tjbaker]

@usdc_cool If only the site showed the % per chain!

[Trevor Baker @tjbaker]

@m2__labs @jerallaire It would be nice if you also displayed the % of the total supply on each chain/row. Thanks for your efforts!

[Circle @circle]

A new @Mastercard pilot program will test enhancements in #crypto-to-fiat payments using #USDC, with help from @circlepay. Learn more 👇

https://t.co/vkCjv8IvC7

[Circle @circle]

HAPPENING SOON: Circle CEO @jerallaire will be on @CNBC w/ @LesliePicker at about 6:30 pm ET to discuss how the private sector is helping the US win the global race for dollar digital currencies.

[Trevor Baker @tjbaker]

@anders94 How about sorting the list based on value?

[Trevor Baker @tjbaker]

@anders94 Looks much better decimal point aligned!