Building the future of money with USDC/Circle | Multichain Maximalist
Orlando, FL
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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
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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
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Innovation Council
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.
Derive owns 93% of onchain options premium volume. Onchain options are 5% of Deribit.
That gap is the whole trade. New research on what Derive actually earns, what V3 changes, and where the buyback stops working.
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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.
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@cryptopunk7213 and @JoshKale would be a great topic to cover this one more in depth
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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
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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%)
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EURC utility continues to grow, and digital neobanks are heating up!
EURC deposits landed in Pulsar on @Arc 🪂
Pulsar is bringing native EURC deposit from 7+ networks, an euro-backed stablecoin issued by @Circle, available to receive, send, or spend from your unified balance.
No extra fee needed.
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congrats to ondo team. zillions
The Best in Asset Management, @BlackRock + The Best in Tokenization, @Ondo = Wall Street 2.0 🚀
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USDC made up 53.7% of stablecoin card spend and EURC 8.8% this month.
While utility around EURC only keeps improving.
StableFX, EURC interoperability, ~$20B in monthly transfers, EURC minting/redeeming around the world, and ~$747 million in mints/redemptions in the last 30 days.
Onchain FX is live on Arc.
Nearly $10 trillion moves through FX markets every day, much of it still on rails built for a world that closes at 5pm.
StableFX, Circle’s onchain FX engine, is now live on Arc mainnet:
→ Settle 24/7: near-instant or deferred to fit your schedule
→ Minimize settlement risk: both sides get funded, or neither does
→ Reduce operational overhead: contract once, trade with multiple vetted counterparties
→ Get competitive pricing through a unified RFQ model
The always-on economy needs always-on FX. It’s being built on Arc.
circle.com/stablefx
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27.4% of @ether_fi card volumes are transactions over $5,000
most debit cards unless you contact the bank cap out at $1-5 k
it’s also likely why @ether_fi lets you deposit your asset, borrow stablecoins, and spend in one seamless experience while avoiding a taxable event.
New flex: buying a car with your crypto card without selling your crypto
36 cars bought through EtherFi Cash in August
The most expensive was over $120K
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Jake Eaton retweeted
Arc empowers anyone issuing tokenized assets with a cross-chain distribution and interoperability layer built on the years of work we have spent making USDC the most widely used cross-chain asset in the world. This is booster rockets for tokenization.
arc.io/blog/introducing-inte…
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