This was @Meow's most profitable summer ever. — $5 billion in annualized stablecoin volume — Launched Meow App v2, a ground-up rewrite — Partnered with Tempo, BVNK, and others — Hosted 10+ private events for founders — Moved into our first office. We're hiring. Not for everyone. If you want to do the best work of your career, apply today.

Tempo and @privy_io are launching a limited-time 7% Earn boost for eligible customers. Apply by Sept. 30 for a boosted rewards rate on the first $10M, plus no gas fees for 3 months. Supported vaults use @morpho infrastructure and @sentorahq curation.

The Deel stablecoin wallet is going global. Now live in 80+ countries across LATAM, Africa, the Middle East, and APAC🌍 Get paid, then hold, earn, and spend, in DLUSD, a dollar-backed currency. Thanks to our partners at @Stablecoin, @privy_io, @tempo, @Morpho, and @SentoraHQ for helping us scale this.

Some news: I've started my next tour of duty as CTO @coinbase. In 2009 I got hooked on Bitcoin empowering builders with programmable money. In 2014 I joined Coinbase as an engineer because there was no better place to build it. Back then we ran on Heroku and supported one asset from one codebase. It was early, but we were a small team of cracked engineers who relentlessly shipped. Twelve years later a LOT has changed, but the most important things haven't: still a cracked team, still relentlessly shipping towards a massive mission. Now that we're in an era of exponential productivity, the only limiting factor is ambition. Which is why I'm so bullish on the culture @brian_armstrong, @emiliemc and team have built for this next chapter. My job is clear: make Coinbase the best place in the world to build. I celebrated by this weekend by building 👨🏻‍💻🤖 [Photos of Coinbase 2014 → Now]

We're hiring a few more people for our go-to-market team at Tempo. If you have a track record of *closing* deals and want to sell stablecoins, happy to chat. Strong bias for folks in NY or SF, but open to exceptional people anywhere. Send me a DM with your LinkedIn.

We have raised a $75M Series B from @IndexVentures and @usv, with continued support from @benchmark!

The @Tempo mainnet launched 93 days ago. Quick summary of the current state: • Run rate payment volume is around $3 billion. There's a long way to go, but it's cool to see real usage already emerging. (It took Stripe a lot longer than 93 days to get to $3 billion.) • As a blockchain, we obviously don't know about all the different use-cases. (Please tell us if you're doing something cool with Tempo!) Larger companies using Tempo include @Deel, which is using Tempo to pay out to their vast network of contractors, and @Meta, which is using it via @Link for global payouts. There are a bunch of other large companies working on Tempo integrations that'll be announced soon. • Internally, developing on Tempo has been fun, and Tempo is now Stripe's default blockchain for new features. • On the AI side of things, there appear to be around 1,000 active services selling to agents via the Machine Payments Protocol (@mpp). There's a useful directory of available services at mppscan.com. 570 unique agents, for example, seem to have purchased from @ExaAILabs, and 332 from @openweather. I don't know how long it'll take for this use-case to become big, but it seems all-but inevitable that it will within a few years. • Today, @Stripe, @Visa, and @StanChart are running Tempo validators. Validation will become more decentralized over time. • The Tempo team is building a lot of new protocol functionality. For example, privacy zones, receive policies, and virtual addresses. (Details for all on the Tempo blog: tempo.xyz/blog.) In general, our belief is that there's a lot of functionality to be built at the blockchain level to make higher-level applications easy and performant. The original thesis behind Tempo was that both AI and stablecoins would stretch blockchains in new ways, with need for privacy, fees denominated/payable in stablecoins, batch transactions, microtransactions, faster confirmations, and so forth. Overall, this still seems like the right set of bets, and the agentic stuff is happening somewhat faster than I was expecting. "1M stablecoin TPS, with the vast majority from agents" still seems like the right north star.