RyanSAdams

I asked for stablecoin summer but not like this

Not like this

A lot of "L2s" just got booted to the "other" category after the @l2beat recategorization

L2Beat not messing around

The Sheriffs of user property rights

- GENIUS Act passed Senate
- Circle up 6.7x from IPO
- Tether holds 1.6% of all T-Bills
- Treasury Sec calls for $3.7T stablecoins

Stablecoin Summer. 🏝️

Ethena is the #3 stablecoin right now.

Is ENA a buy?

Best report i've read by @JustDeauIt.

Can't believe this is free.

Let's extrapolate.

If U.S. Treasury Secretary is right & stablecoins grow to $3.7 trillion by 2030 somewhere around 7-10% of the entire U.S. M2 money supply will be on Ethereum.

10% of all world dollars supply on Ethereum.

Ethereum = world ledger
ETH = world reserve asset

Tether now holds 1.6% of outstanding T-Bills.

0% of the people saying this bought bitcoin under 10k i guarantee you

Just recorded with Tether CEO @paoloardoino

i've gotta say he's one of the most unassuming people i've met in crypto for the level of success he's had

The Stablecoin King 👑

Biggest question going in...assuming GENIUS act becomes law is he aiming for USDT compliance or is he going to launch a new US domestic stablecoin?

The answer was both.

Really nuanced. You'll have to listen.

And this was crazy.

He said Tether made $13.7 billion last year. In profits.

David and I almost fell out of our chairs.

He also broke news that Tether is launching a new product this year...

Starts with a W.

Enough teasing, killer episode - out Monday on @BanklessHQ.

There's a lost generation of ETH holders who've never seen a true ETH bull market.

But there's an upside.

Cause whatever you think about ETH, no one can deny. ETH holders are diamond hands now.

Stablecoins give everyone with an internet connection access to the dollar and the U.S. banking system.

They can use it for payments.

They can use it to escape oppressive financial systems and runaway inflation that's stealing their wealth.

Win for humanity.
Win for crypto.

Of course Jump Crypto is back.

Just what we needed in Crypto Season 5 - things were getting boring. We were missing the crime that made Season 4 so great.

What's the killer app on Ethereum?

The app is ETH.

Programmable, uncensorable store of value with yield - supercharged by the DeFi economy.

ETH = world reserve asset.

Safe to say the president will sign the stablecoin act as soon as it gets to his desk.

He's telling the House to just pass the GENIUS act as is - no changes.

Getting this done by the 4th of July is in play,

i still can't believe the world's largest market just closes on U.S. holidays and weekends

crypto is so obviously the future

If @rstormsf doesn't get fully funded we've truly lost the plot in this industry.

GENIUS stablecoin bill just passed in the Senate.

The US is creating a Dollar 3.0—programmable, on-chain, 1:1 cash. Clear rules, big acceleration.

Next up: House, then Trump signs.

Bullish? Understatement.

The U.S. will onboard the world to crypto.

BREAKING:
✅ GENIUS stablecoin bill just passed in the Senate.

The US is creating a Dollar 3.0—programmable, on-chain, 1:1 cash. Clear rules, big acceleration.

Next up: House, then Trump signs.

Bullish? Understatement.

The U.S. will onboard the world to crypto. 🚀🇺🇸

ETH is scaling technology.

Tether generates more in profit than the entire annual tax revenue of most countries.

BTC & ETH eat reserve assets (gold, treasuries)

Stablecoins eat bank deposits

Tokens eat stocks & bonds

Crypto eats finance

Software eats the world

1.51% is the max annual issuance of ETH.

It will never go higher in the future.

But it's always been lower in the past.

Current issuance is 0.68% - that's lower than BTC.

BTC has a supply cap. ETH has an issuance cap.

ETH is digital oil.

World Reserve Asset.