XLM Next Visa

I spread the good news.

[XLM Next Visa @xlmnextvisa]

@battlenet @Warcraft @blizzard running my PC since 2024 no problems. Wow forever melted my psu.

[XLM Next Visa @xlmnextvisa]

@leinilyu @singhabhinav @coinfessions What are your criteria? Market sentiment?

[XLM Next Visa @xlmnextvisa]

@SanguineSet @HobbiesCards @StellarOrg @YouTube @orbitlens runs https://t.co/8732APtTfC. @VitalikButerin doesn't run @etherscan

[XLM Next Visa @xlmnextvisa]

Huge news.

[Stellar @StellarOrg]

We’re so excited to announce @Coinme’s integration of USDC on Stellar! This unlocks the ability for millions of Americans to cash in and out of USDC with low fees at thousands of Coinme-enabled locations in the US!
#StellarIRL

https://t.co/gDUKzlRBRW

[Tyler Stambaugh @ProfessorStam]

The only way I see to combat this is for firms to have a stronger social media presence, one that they take seriously, not just to push certain social messaging and promotions.

[XLM Next Visa @xlmnextvisa]

If this does not land with you, watch Inside Job. https://t.co/LA1ldWPgGx

[Ian MacAllen @IanMacAllen]

@BillAckman @SVB_Financial @jpmorgan @Citi TLDR, but if we had jailed some people in 2008 this wouldn’t have happened again.

[Kristen Ruby @sparklingruby]

@BillAckman @SVB_Financial @jpmorgan @Citi Was not even aware tweets could be as long as novels now. Felt like I was reading a book on Twitter. Confusing experience tbh.

[Bill Ackman @BillAckman]

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

[XLM Next Visa @xlmnextvisa]

"The path to compliance is clear." - The Pharisee, I think.

[Denelle Dixon @DenelleDixon]

Well-deserved! UNHCR - @Refugees - is nominated for the 'Best Impact Blockchain Project' for their digital cash distribution on Stellar to war-affected people in Ukraine.

Now let's help them take home the award - vote below. https://t.co/Nz3pcMPaZt

[XLM Next Visa @xlmnextvisa]

@ZeitgeistPM Send it. 🚀

[XLM Next Visa @xlmnextvisa]

@USAFmike @ZeitgeistPM They started they are focused on moving towards stable coin based markets. Was no mention of other digital assets.

[XLM Next Visa @xlmnextvisa]

@ZeitgeistPM Bear market vibes will go away, @JamesPrestonZA

[XLM Next Visa @xlmnextvisa]

@ZeitgeistPM @0xCrane Participate!

[XLM Next Visa @xlmnextvisa]

@ZeitgeistPM Nah, get technical @torstenmove

[XLM Next Visa @xlmnextvisa]

@ZeitgeistPM @GldnCalf "Looking at your orgs as financial institutions, how do you solve cross parachain liquidity segmentation?"

[XLM Next Visa @xlmnextvisa]

Come learn how the Polkadot ecosystem is growing, and @pendulum_chain is bringing @StellarOrg chain to the party.

[Zeitgeist Prediction Markets @ZeitgeistPM]

https://t.co/BUJRbmtJEc

[XLM Next Visa @xlmnextvisa]

@0x_illuminati @pendulum_chain @PendulumAlex How are you planning to leverage government/large mcap stables issued on Stellar in the Pendulum ecosystem? Will you be custodying them? Are you going to allow them to port to other parachains?

[XLM Next Visa @xlmnextvisa]

@0x_illuminati @pendulum_chain @PendulumAlex have you written about the problems the Stellar's DEX has posed? Liquidity is one issue, but what are the systemic problems? How does Soroban fit?

[XLM Next Visa @xlmnextvisa]

@cryptogamblerX @DenelleDixon You invested in the ecosystem, not the price action. If you didn't do the reach to understand that the XLM market cap is literally an operational slush fund used for everything from SDF operations to SCF funding, you missed the point. XLM is the long play. We're still in "early."