INSTITUTIONS NEED PRIVACY. HERE'S WHO'S BUILDING EACH APPROACH: - Shielded pools: @Zcash @Monero @RAILGUN_Project @TornadoCash - ZK private execution: @aztecnetwork @AleoHQ @0xMiden - Trusted execution environments: @SeismicSys @Chainlink @OasisProtocol @SecretNetwork - Encrypted computation: @Zama @Fhenix @Arcium @Nillion - Permissioned ledgers: @CantonNetwork @zksync @lfdecentralized
WHICH STABLECOINS ACTUALLY GET USED AND HAVE THE MOST TRANSACTIONAL DEMAND? Turnover is used to determine a stablecoin’s velocity, or how much it actually gets used, and is represented by a stablecoin's onchain transfer volume over 30 days divided by its circulating supply. The higher the turnover, the more frequently a stablecoin is changing hands. On that measure, @USDC led the 10 largest stablecoins by a wide margin. Its $71.5B supply moved $4.3T over the past 30 days, a turnover of 60.2x. That's more than double USDT's turnover of 28.8x, even though USDC has about 40% of @Tether's supply. @Paxos' @global_dollar USDG matched Tether at 28.9x, moving $84.5B on only $2.9B in supply. @Ripple's RLUSD came fourth at 13.2x, with $31.7B in volume on a $2.4B supply. That puts it ahead of @PayPal's PYUSD (9.2x) and @SkyEcosystem's USDS (7.6x). At the bottom of the list were tokens built mainly to be held for yield. These were @Ethena's USDe (5.2x), @worldlibertyfi's USD1 (3.4x) and @falconfinance's USDf (0.4x). Most of their supply is parked in wallets and protocols. The trends above suggest the most-used stablecoins aren't just the ones with the largest market caps.
JUST IN at Link:NYC by @chainlink : AJ Macey, Managing Director of Financial Infrastructure @Anchorage sits down with @imyoungsparks to discuss @Anchorage's new crypto settlement network, Atlas. "Institutions are interested because the space is maturing. Institutions now have the plumbing to interact with onchain markets. Everyone knows there are great pools of liquidity but its hard for institutions to interact with them. We're changing that with our partnership with Chainlink."
On the other side of the pond today: we’ll be attending Ripple Swell! Covering the biggest news and updates live for the @XRP Army.
LIVE at Ripple SWELL: Bernhard Kronfellner, Partner & Associate Director @BCG - Banks and institutions are moving from managed custody to self custody. They want to hold the assets themselves. - Security and regulatory compliance are the most important requirements for digital asset custody. "The time for one size fits all solutions is over. Digital asset custody should look different for a fintech vs a large bank"
NEW: @evernorthxrp (Nasdaq: XRPN) locked in an equity line of credit for about $80M, with plans to put some of the proceeds toward acquiring XRP and building products in the XRP ecosystem.
📊 ethereum:0x8292bb45bf1ee4d140127049757c2e0ff06317ed marketcap on the XRPL reached an all time high of $1.24 billion on October 1st, marking a 956.5% YoY increase. Since the start of the month, the stablecoin's supply on the network has declined to $924.8M, however year-over-year growth still remains strong at 690.6%. RLUSD represents 97% of the networks total stablecoin supply.
Tokenized equities on @Mantle_Official have grown 33% since April to $4.4M in market cap, while the number of tokenized assets on the network has climbed from 70 at the start of the year to more than 1,500. @JoshuaCheong, Head of BD/Product at Mantle, explained on @_TalkingTokens how tokenized equities are having its gold rush moment: "The main thing that has become almost a gold rush is tokenized equities. Our industry has figured out the playbook for this, and through fundamentally the brokerage model, you can suddenly open up the access to hundreds, if not thousands of assets."
We are excited to announce that StrataMedia is now the official distribution partner of the Franklin Crypto Research Competition, put on by @college_xyz and @FranklnTempletn For more information, join the Kick-Off Town Hall tonight at 8pm EST: https://t.co/xk4jTo1m1j https://t.co/QEMpIvP5VP
