国内外のオンチェーン金融領域の企業・案件・関係性を可視化する「オンチェーン金融動向DB」を公開！ 企業ごとの取り組み、プロジェクトの経緯、提携・出資の関係を継続的に収集し、整理・構造化しています。 DBのURLはスレッドへ⬇️

【お知らせ】RSホールディングスと、オンチェーン金融の社会実装に向けた合弁会社「RSPMデジタルファイナンス株式会社」を設立しました。 RSホールディングスのネットワークと当社のブロックチェーン技術を活かし、ステーブルコインをはじめとするオンチェーン金融の社会実装を推進します。

🎉 THIS IS HUGE: Muse, Grok, Dots and Instinct can now spend stablecoins. AI is moving from answering questions to doing things for us. To do that, it needs a way to pay. But giving an AI your card or access to your money is probably the wrong model. So we built something different. You approve every payment. @oobit creates a new one-time card for each transaction. The AI gets what it needs to complete the purchase, and nothing more. And this shouldn’t only work for people with the right bank card in the right country. Each card can be funded with stablecoins, crypto or local money, across 75+ countries. We think AI will become a meaningful participant in the global economy. Today, in partnership with @raincards we’re giving it a way to pay. 🔗 Learn more oobit.com/ai-payments

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Amazon banning agents is the first opportunity I've seen since Amazon was founded for a startup to create an Amazon competitor. People will want agents to buy stuff for them. It will be one of the main use cases. And they won't want to use some Amazon-supplied agent to do it.

one of the most obvious businesses someone should start right now: a consulting firm that helps large enterprises integrate fintech + stablecoin products. it has become insanely easy to launch financial products using companies like Rain, Bridge, MoonPay etc. yet most companies still don’t realize what they can realistically ship today. you could walk into enterprises like Lyft, eBay or Fiverr and show them how to: > launch cards globally > add stablecoin payments > offer virtual USD accounts > earn yield on idle balances then charge $250k-$1m+ to design + implement the entire suite. and on top of that you can take referral / revenue share from the infrastructure providers you send deals too. who's building this?

🚨 BREAKING: Palmer Luckey's Erebor Bank has passed $7bn in deposits. Erebor is the national bank Luckey and Joe Lonsdale built to fill the hole SVB left. The FT reports it added more than $3bn and 500+ new customers in the past quarter, on top of the $4.06bn in its June call report. That's - $1.1bn in March, - $4bn in June, - $7bn now, and a $6m average new account. It's raising $1.5bn at an $8bn pre-money valuation. It also just ended free stablecoin redemption at par for everyone but big depositors. --- The deposit growth is forcing the raise. Erebor has to hold a 12% leverage ratio (per its granted charter), so a balance sheet this size needs roughly $900m of capital. It had $597m at the end of June. --- As is the "at par redemption of stablecoins" Stablecoin redemption at par costs money to provide. Tether charges 0.1% for it. Erebor charged zero. The fix tells you what the product is. Wintermute and Galaxy Digital taught Erebor a stablecoin lesson in arbitrage. At launch, Erebor let customers turn USDC and USDT into dollars at $1 per token, free. Tether charges the greater of $1,000 or 0.1% for direct redemptions. Erebor charged nothing. So Wintermute bought USDT a fraction below $1, sent it to Erebor and collected the full dollar. Rinse and repeat. Galaxy Digital ran the same trade (per The Information). Erebor told them to stop, but then kept free conversion for customers with sizable deposits, and put volume fees and limits on everyone else. Traders gonna trade 🤷‍♂️ --- This bank still isn't lending. At all. The Q3 call report lands by the end of October, and that's where we'll see how much of the $7bn is cash at the Fed and how much is lent out, if any. I can't think of another de novo that has grown like this. It's a huge success story. And it absolutely can raise, and solve problems for clients along the way. What I'm *fascinated* by, is if they can become sustainable along the way.