Building the future of money with USDC/Circle | Multichain Maximalist
Orlando, FL
Joined March 2020
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Jake Eaton retweeted
Stablecoin FX is coming on @arc
Matt Enslin (@stablenzo) of @circle sees FX trading as central to scaling non-USD stablecoins onchain. On this fireside with Theo C (@0xloth) of @morpho, he describes euro demand as venue led, citing derivatives exchanges adding euro margin collateral.
Jake Eaton retweeted
USDC and EURC dominate stablecoin card spending in dollars and euros 💵 💶
Most recently, @USDC made up at least ~60% of USD-denominated stablecoin card volume, and EURC ~92% of euro-denominated volume.
Great to see EURC's recent rise. It's now the third most spent stablecoin via card after USDC and USDT, growing from ~$1.9M to ~$70M in a year.
Thanks to @_JakeEaton for the flag! Source @Paymentscan
Euros onchain feel like they are heating up. EURC is expanding its utility to go after this market.
Jake Eaton retweeted
Absolutely massive
Every asset is going onchain
Prepare
*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION
*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS
*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES
*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS
*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT
Jake Eaton retweeted
the united states needs crypto in a way that your average person has zero understanding of
proliferation of stablecoins and tokenized stocks extends US Dollar dominance & in turn increases net buyers of US Debt at scale in a way that cannot be easily replicated
your benefit of being here & understanding this is a massive advantage that you should not take lightly
Jake Eaton retweeted
Derive's options volume is up 4.5x this year and the fees increades 70%.
Volume is compounding and fee capture is not, because Derive cut its options fees in July. Taker fees went to 0.0075% from 0.03–0.04%, and top makers now get paid rebates to quote tighter. The venue is buying order-book depth and giving up take rate to do it.
Volume
→ Options notional went from $735M in January to a $3.3B monthly run rate in September.
→ August alone did $1.92B, the best full month on record before September.
Fees
→ Protocol fees went from $324K in January to about $562K in September, up only 1.7x.
→ March is still the best fee month of 2026 at $709K, six months on.
ALT Monthly options notional volume beside monthly protocol fees, Jan.-Sep. 2026.
Snippets @JensenHuang said that really stuck with me on AI doomerism.
“Don't think for a second just because you're an alarmist that you're doing a social good.
If you want to be scientific, be scientific.
Do the science.”
Before this he gave the example that Geoffrey Hinton who gives a 10% chance of AI wiping out society also predicted radiologists would be gone.
He goes on to say
“Was that helpful or hurtful to society? Is that helpful or hurtful to the society?
I think we can all agree. We can both agree it would be terribly hurtful.
It didn't happen.
Is it good or bad that we scare young people about the future of Al so much so that they don't even want to go to universities”
Tomorrow on the show: @JensenHuang, the CEO of NVIDIA, who thinks A.I. fear is getting way out of hand.
Jake Eaton retweeted
Programmable Bitcoin can get sexy again
Underlying BTC is custodied with Circle National Trust, our Federally regulated and supersized trust bank.
Work your BTC
dune.com/crcl/cirbtc
EURC also grew from 1.52% of stablecoin card spend to now 8.84% YTD.
Neobanking Weekly Recap (August 14-20th)
Stablecoin cards processed $281.7M in spends last week, just shy of the record set two weeks prior.
Top performers by WoW growth:
🥇 @EthenaPay 🆕 - $490K (+95.8%)
🥈 @coca_card 🆕 - $2.87M (+41.7%)
🥉 @hyperbeat - $170.6K (+30.5%)
