T+0 settlement on global collection and payouts. Backed by @colosseum Payment stats: https://xitter.cf/t.co/SVSFlMc8NE

Solana Beach, CA
Joined December 2023
Our Q3 $CRED ownership coin report is here. We put the numbers, ownership structure, treasury decisions, market performance and valuation analysis in one place. Q3 brought $533.2M in payment volume and a 50.8% increase over Q2. Q3 was a big quarter for Credible, now it’s time to look under the hood🧵
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Where does $CRED stand on valuation? • 2.7x current enterprise value / revenue run-rate • 2.2x median for public payments companies • 3–6x for payment facilitators • 7.9x for Adyen and 10–15x for payment orchestration benchmarks Our fundamental valuation scenarios range from $17.8M to $76.5M. After adjustments for the ownership structure and potential dilution, that becomes $11.4M–$48.7M. The model varies payment growth and valuation multiples to show how different assumptions affect the numbers. Disclaimer: These are illustrative scenarios, not price targets. Revenue is estimated and unaudited.
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Looking ahead to Q4 2027, several factors could shape $CRED’s trajectory. Key milestones to watch: • Sustaining monthly payment volume above $200M • Deeper liquidity and a broader holder base • Revenue and expense reporting on 01Resolved/OpenBooks • Expansion into new licensed markets Future token supply events and continued growth in payment volume will also play a role in how the ownership coin evolves. Key risks include slower growth, take-rate compression, regulatory changes and token dilution. These are illustrative scenarios, not forecasts or price targets.
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Credible retweeted
This week Solana reached retail users in Mexico through Western Union’s USDPT, institutional allocators in Hong Kong through a second spot SOL ETF, and Da Nang’s innovation ecosystem through a new MOU with its Startup Support Centre. BREAKPOINT is less than 30 days away. See you in London. 📰 Headline News - Pando Solana ETF launched on HKEX, becoming Hong Kong’s second spot SOL ETF - @anza_xyz scheduled the Alpenglow consensus upgrade for mainnet-beta on Oct 21, cutting finality to ~150ms - @solanamobile named @Ledger its first hardware partner, preinstalling the Seeker App and Solana dApp Store on Ledger Atom 📰 Launches - $AVGO, $TSM, $CMG, $RIOT, and $UVXY went live on Solana via @sunrise, issued by @Backpack Securities - $ZEC launched on Solana via @sunrise, powered by @near_intents - @SolanaFndn signed an MOU with the Da Nang Innovation Startup Support Centre to advance regional ecosystem adoption - @Bitso listed @WesternUnion’s Solana-based $USDPT stablecoin in Mexico for direct retail trading - @upshift_fi launched Upshift Gamma USDC with $7M+ in initial deposits, curated by @Gamma_Research_ - @reflectmoney opened pre-deposits for the @SteakhouseFi $USDG High Yield vault on @kamino - @tryramp added support for @global_dollar ($USDG) on Solana for zero-fee on/off ramps, deposits, and vendor payouts - @ORE allocated 50% of ORE Reserve stablecoin deposits to USDv from @solomon_labs - @2WA_Official brought USDGO Plus SP onchain, market-neutral digital asset fund, tokenized and distributed via @osldotcom - @PhoenixTrade launched Anthropic pre-IPO perpetuals with up to 6x leverage - @openroboto’s SN80, the largest robotics subnet on @bittensor, integrated peaqOS - @UmbraPrivacy launched Umbra v2, and introduced private stablecoin uUSDv backed by USDv powered by @solomon_labs - @jito rolled out BAM Direct Bundle Ingest (DBI) and rebuilt ingestion pipelines on mainnet - @ArcherExchange_ rolled out Archer V2 with onchain resting limit orders, 80 CU makerbook updates, and permissionless market creation - @LaunchOnSF unveiled Baskets powered by @useDiversiFi, launching the FRONTIER tech index token - @JupiterExchange debuted YOLO, offering up to 1,000x leveraged directional trading - @machinedotfun debuted robotics token launches paired against industry equities - @Flovia402 launched free access to OpenAI, Exa, Firecrawl, and CoinGecko APIs using Solana stablecoin and machine rails - @altitude launched Altitude MCP v1 to connect AI autonomous agents directly to transaction data - @brij_fi launched flight search APIs on pay. sh, letting AI agents lock in fares - @Ledger Agent Intent integrated with pay. sh, letting AI agents queue transactions for asynchronous hardware signing - @superteam partnered with @helius to provide free Developer and Business tier plans to members - @BlockRips opened its trading card marketplace with zero added fees, powered by @Collector_Crypt - @Beezie announced its ecosystem migration from Base to Solana, opening October 20 - @sanctumso teased native multisig security built on @multisig - @yugalabs brought its Mudwater TCG to Solana, featuring 120 BAYC art pieces across physical and digital editions @SuperteamIN’s Solana Summit India is 15 days out 📰 Milestones - Solana tokenized equity holders crossed an ATH of 1.4M unique addresses - 65% of tokenized stock volume on Solana occurred outside traditional U.S. market hours - Solana ranked #1 for stablecoin transfers with 557M in September, up 33% from August - @xStocksFi crossed $7.5B in cumulative trading volume on Solana - @Ondo surpassed $500M in tokenized real-world assets on Solana - @kamino lend’s tokenized stock supply grew 15x year-over-year, rising from $3M to $50M - @xStocksFi’s $NVDAx crossed 180K holders - Sunrise listed and Backpack issued $SPCX crossed 86K holders and $1.5B in cumulative volume - Solana captured 61.5% of all cross-chain TCG gacha spending in Q3 - @crediblefin processed over $1B in payment volume on Solana If you enjoyed this week’s newsletter, please share it with an RT.
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flying cars are cool but cross-border payments not taking 3 business days is cooler😎
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Solana is taking over the map, now China has an office too 🇨🇳 Credible is already settling payments into China. If your business needs a way in, you know where to find us. 👀
ni hao shanghai 🇨🇳
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How fa, Naija 🇳🇬 Naira rails are officially live on Credible. You can now connect to one of Africa’s biggest markets and simplify cross-border payments for your business, all through a single API. Ready to tap into Nigeria’s market? Get started with Credible.
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The world is building more payment rails, and the numbers show why businesses need to pay attention. According to @McKinsey's 2026 Global Payments Report, instant payment systems are gaining ground across markets, while cards remain deeply established in others. The way money moves depends on where you do business.
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So what should a business do before entering a new market? Start with three questions: 1. Which payment methods do local customers actually use? 2. How will you collect money and pay suppliers? 3. What will currency conversion, settlement and reconciliation involve? These answers should shape your payment strategy before launch.
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Global businesses need infrastructure that can work across different markets and payment systems. Credible is building an open payment stack to help businesses navigate global payments as they expand. As payment networks evolve, the opportunity is to make cross-border operations easier to manage. Learn more: credible.finance
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Solana moves fast, we’re putting that speed to work. $1B+ in payment volume processed on @solana Modern payments for modern businesses, powered by Solana. @solanapayments
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Cross-border payments involve more than moving money from one country to another. Every transaction has to navigate different jurisdictions, regulatory frameworks, and compliance requirements. At @SolanaSummitOrg Singapore, @Arp_it1 shared his perspective on the infrastructure needed to make global money movement simpler. Building on @solana means building on infrastructure that can support the next generation of global payments.
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Credible retweeted
The Syndicate closing its ICO with $631K in commitments, Omnipair crossing $10M in volume, and Credible reaching $1.349B in cumulative payments...plenty happened this week across the @MetaDAOProject ecosystem! Here’s the recap: @SyndicateGameHQ closed its ICO on @backabledotbiz with $631,771 in commitments. @avici now lets users top up directly with any token from Phantom, MetaMask, Trust Wallet and more than 100 other wallets. @UmbraPrivacy opened the first wave of V2 access. More invite codes are set to follow soon. @omnipair crossed $10M in trading volume across 79 markets. The platform now has more than 550 daily traders. @solomon_labs put forward DP-00005. The proposal would move 20% of SOLO’s FutarchyAMM liquidity from USDC/SOLO to USDv/SOLO on Raydium. @crediblefin shared its September update after processing $191.78M in payments, up 4.8% from August. Cumulative volume reached $1.349B. @ripcarsio saw RIPCARS-004 pass. The proposal unlocks $250K from the treasury for inventory acquisition and gacha restocking.
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Superteam is a cheat code! xitter.cf/gray_chromatic/status/…
Claw machines and maple syrup both went onchain this week 🕹️🍁 40+ wins across 28 Superteams while the world was in Singapore. Every single one 👇 🇦🇺 @SuperteamAU member @DualMintRWA tokenised 200 claw machines. @solana called it "the first liquid fleet of machines on Solana", and $PLAY closed at 125% of target! 🇦🇺 @Boole_AI and DualMint pitched on the TOKEN2049 stage at Ship on Solana: Builders Hour. 🇦🇺 @Riptfun's Pokémon card scanner is live on the Solana dApp Store. Built in WA 🦘 🇦🇺 And we co-hosted Solana Summit Singapore with @SuperteamSG and @SuperteamBlack. Our lead @k_superteam kicked it off on stage 🫡 🇨🇦 @SuperteamCAN's @MapleMarketApp put Canadian maple syrup on Solana. With Solana posting: "BREAKING: Canadian maple syrup is now on Solana, eh". First drop sold out in 6 hours 🍁 🇨🇦 Toronto Build Station is running all week too, with a Pitch Roast for the Colosseum teams. 🇸🇬 @sanctumso launched swSOL at Summit, first on solana's "what shipped" list. Then burnt 25% of solana:CLoUDKc4Ane7HeQcPpE3YHnznRxhMimJ4MyaUqyHFzAu supply on Summit day 🔥 🖤 The Superteam Black portfolio went off! Titan shipped Slice orders, @leaps_finance passed $100K in options sold in beta, and @crediblefin is past $1.34B processed with $1B+ settled on Solana. 🖤 Solomon announced backing from @colosseum, Theia, DBA and Anagram. 🇬🇧 @SuperteamUK's @SyndicateGameHQ is running the first raise on MetaDAO's Backable. It cleared its $250K minimum in the first hour and is at $490K+ committed. 🇬🇧 @AgantFinance's GBPA, a pound sterling stablecoin, is now on Solana. And Superteam UK co-hosted Solana & Suits in London, packed with banks and asset managers. 🇬🇪 @SuperteamGEO's @ripcarsio sold $350K of $CARS to Colosseum OTC. Two more sales took the total past $1M. Plus a builders party in Tbilisi, and Build Station Tbilisi kicked off. 🇮🇪 @superteamIE's @MentionedMarket is live on the Seeker dApp Store and paid trades doubled in two weeks. ZeroSlip did $4.5M volume in 7 days. And Irish teams are locked in at Build Station Dublin. 🇦🇷 @SuperteamAR's @clawpumptech wrapped AnsemHack with $225M+ in token volume. Plus 9 Build Stations across Argentina in one weekend 🔥 🇲🇾 @SuperteamMY Startup Village alum @NextRare_cards is powering Tria's new gacha. Someone pulled a $58,590 Ho-Oh PSA 10 🤯 Then members hit the F1 at Sepang 🏎️ 🇳🇵 @SuperteamNPL said more notifs were coming. They weren't lying. @unwindfi went live on devnet with perps on any Solana token, Tip Ansem kicked off Campaign #2, and Build Station hit Birgunj 🫡 🇻🇳 @SuperteamVN's Road to Colosseum demo day in HCMC: 16 teams pitched for $10K, out of 80 in the program. 🇹🇭 @SuperteamTH took over 6 floors in Bangkok for a 400 sqm permanent HQ, and ran the first ever Chiang Mai Build Lab with 40+ builders. 🇰🇷 @SuperteamKorea's Summit final count: 307 attendees from 160+ orgs, including 30 Korean financial institutions. Seoulana 🇰🇷 🇮🇳 @SuperteamIN's @corinedotin first month: 1,244 agents and 517 users. Plus Build Stations in Kolkata, Jaipur and Bhopal. 🇧🇷 @SuperteamBR's @cloak_ag shipped private payment links. And Diego from Superteam BR was the #1 Superteam Talent scout for September. 🇳🇬 @SuperteamNG's @Nectar_finance payments now run on Flutterwave in Nigeria and Ghana. Plus Startup Village 3.0 ran all week in Abuja. 🇪🇸 @LaFamilia_so's DiversiFi landed on the Seeker dApp Store and joined Seeker Season. Plus how-to-apply workshops in Madrid. 🇵🇱 @SuperteamPOL's Solana track at HackYeah Kraków drew 34 submissions, Derpetual unveiled abstract futures, and Build Station Warsaw is open 24/7 until Demo Day. 🇺🇦 @SuperteamUKR's UNI Vibeathon Demo Day had 25 finalist student projects from 5 universities. 🇷🇸 @SuperteamBLKN's Yieldy took 1st at Ownership Roadshow #5, and rentl signed its first partner: 17 LED screens across Herzegovina. 🇰🇿 @SuperteamKZ opened a Solana Lab at Alma University. 🇹🇷 @SuperteamTR ran Submission Night #3 in Malatya (8 teams got their Colosseum projects ready) and a Builder Day at Paribu in Istanbul. 🇯🇵 @SuperteamJapan ran an AI × Solana Build Day in Tokyo and an AI game night at Tokyo Dome City. And 3 of the 8 teams in Tokyo Dome's OpenDome accelerator are members. 🇦🇪 @SuperteamAE ran a Builders Station at Cypher Capital in Dubai, with in-person Colosseum pitches. 🇩🇪 @SuperteamDE ran a two-day Product Bootcamp and opened Build Station Berlin. Member project Multihopper partnered with EarnFi on agent payouts that settle on Solana. 🇳🇱 @SuperteamNL had Dutch teams co-working all week at Build Station Amsterdam, with a privacy session from Helius. 🇺🇸 @SuperteamUSA-backed SP3ND and Solana Spaces handed out Breakpoint Creator Grants. See you in London 🫡 🇮🇹 @superteamITA kicks off Vitruvium in Milan tomorrow, a hackathon tour of Italy with the Comune di Milano and Politecnico di Milano. 🌐 @SuperteamTalent placed an ex-Revolut hire at Altitude. Kicking goals on the hiring front. 📣 CALL TO ARMS, EVERY SUPERTEAM 📣 Crypto World's Fair pens down Mon 12 Oct, 11:59pm PDT (Tue 5:59pm AEDT). 9,000+ builders. $800K in prizes. $2.5M in venture funding. Get your local chapter to look over your pitch, then ship it and submit 🏛️ That is this week covered. Find your local @superteam and lock TF in 🤙
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