Weâre at a pivotal moment: the convergence of digital assets with TradFi is becoming undeniable. You can see it clearly in the posts coming out of TradFi. They are actively hiring and building teams around crypto. This isnât just noise - itâs a blip. Weâre only getting started. We'll explore this further on February 18 in Paris đ«đ· at an exclusive event with some of Europe's leading banks and @Morpho: https://t.co/WEJdCIcUMt
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
Wallets = bank accounts? Vaults = banks & funds? Onchain finance is rewriting the value chain - a huge opportunity for banks to gain efficiency and offer better services. đ Feb 18, Paris - with @Morpho, @SocieteGenerale (Forge), and @ODDO_BHF https://t.co/JiuFbIOlpr
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
Super excited to announce that @BitwiseInvest becomes a vault curator on @Morpho! This is Bitwiseâs very 1st step into onchain curation, curating the strategy for a noncustodial stablecoin vault. A $15B+ global crypto asset manager choosing Morpho is a very strong signal: cementing Morpho's position as the de facto infrastructure for thousands more institutional clients. This is just month 1, 2026 đ
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
Drink with one of the world's largest asset managers in London. His question: "Should we work with Aave or Morpho?" The biggest players in TradFi are no longer asking if they should enter DeFi, but how and with whom. A massive shift.
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
Folks: Morpho is the kitchen not the chef. If you donât like the meal, donât blame the kitchen. @MorphoLabs is a permissionless platform that vault curators come to cook on. And @PaulFrambot is right. Morphoâs isolated vaults worked as designed in this stream finance xUSD incident. There was one hit, and another 319 untouched. $93M loss was contained, without contagion across Morpho. Also ⊠DeFi is NOT free money folks. There are risks that you can audit and price, and in the case of Morpho, also isolate.
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
đŠ Nouveau Stablecoin Briefing @TheBigWhale_ (Q3 2025) Nous dressons le panorama dâun marchĂ© devenu central dans la nouvelle architecture financiĂšre mondiale. đșđž Le signal fort vient des Ătats-Unis. - Le GENIUS Act, signĂ© par Donald Trump en juillet, crĂ©e le premier cadre fĂ©dĂ©ral pour les stablecoins adossĂ©s au dollar. Dans la foulĂ©e : - @Tether_to lance USAT, un stablecoin rĂ©gulĂ© Ă©mis via Anchorage Digital Bank. - @circle dĂ©voile Arc, sa propre blockchain compatible Ethereum, avec frais payĂ©s en USDC. - @Stripe prĂ©sente @tempo, une blockchain de paiement capable de 10 000 tx/s, dĂ©veloppĂ©e avec @paradigm. đȘđș En Europe, la convergence TradFiâDeFi sâaccĂ©lĂšre. - @SocieteGenerale (via Forge) a choisi @MorphoLabs pour sa brique de lending institutionnelle. - @DeutscheBoerse et @Circle intĂšgrent USDC et EURC dans les systĂšmes de rĂšglement europĂ©ens. Et neuf grandes banques travaillent Ă un stablecoin en euro conforme Ă MiCA, prĂ©vu pour 2026. đ Le marchĂ© reste dominĂ© par le duopole @Tether_to - @Circle qui concentre plus de 80 % dâune capitalisation totale de 300 Md$. - LâUSDT dĂ©tient 59 %, lâUSDC 25 %. - Le dollar garde son hĂ©gĂ©monie : 99 % des stablecoins mondiaux y sont adossĂ©s. đ° CĂŽtĂ© profits, @Tether_to confirme sa puissance : - 13 milliards de dollars de bĂ©nĂ©fices en 2024, soit plus que @BNPParibas ou @Mastercard, et 5,9 milliards dĂ©jĂ sur le S1 2025. - @circle, cotĂ© au Nasdaq depuis juin, affiche une perte de 482 millions au T2. đ Les rendements DeFi (USDC/USDT sur @aave) se sont alignĂ©s sur les T-Bills US (~4,8 %), tandis que la liquiditĂ© on-chain sâest stabilisĂ©e et que la volatilitĂ© sâest rĂ©duite. đŠ @swiftcommunity a annoncĂ© fin septembre lâintĂ©gration dâun registre blockchain partagĂ© avec @Consensys et 30 grandes banques, pour des paiements interopĂ©rables 24/7 en stablecoins. đ Le Stablecoin Briefing Q3 de TBW est accessible ici : https://t.co/8rQLcWtHOz
Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump
The euro stablecoin market is waking up. And the leverage? Itâs all happening onchain, in DeFi. I just spent an hour with Guy de Leusse, Deputy COO of ODDO BHF, who has just launched their euro stablecoin, EUROD. Whatâs most interesting isnât the launch itself, but how they launched it and how they plan to grow it. 1ïžâŁ Bank-issued and fully backed. EUROD is issued directly by a licensed bank and fully backed by ODDO BHFâs balance sheet. This is crucial: SG-Forge, despite being a @SocieteGenerale subsidiary, couldnât back its stablecoins on the bankâs balance sheet because itâs not a licensed bank. Many other banks will go down this path like ODDO, because it avoids creating a dedicated subsidiary and, once you have a banking license, you can put the stablecoin directly on the balance sheet. But ODDO does not intend to use fractional reserves: "We want the EUROD to remain backed 1:1 with absolute liquidity. We are not doing fractional reserves - we are keeping the stablecoin fully liquid at all times. Without the peg, it's no longer a stablecoin" - Guy de Leusse. This is the key difference from J.P. Morgan's tokenized deposits, as discussed in the interview: https://t.co/Gm4j7YQBWS 2ïžâŁ Yield onchain EUROD holders will be able to generate onchain yield, similar to what SG-Forge has achieved via Morpho and 1inch. According to @TheBigWhale_, @MorphoLabs is expected to be the DeFi partner of choice for ODDO. "Holders of EUROD will be able to generate onchain yield" - Guy de Leusse. This is especially important because MiCA regulations prohibit direct distribution of yield in Europe. As a result, DeFi is the only way for euro stablecoins to grow by offering returns to users. In the U.S., banks are the only entities legally allowed to provide native stablecoin yield - in Europe, itâs onchain or nothing. 3ïžâŁ Technical foundation EUROD is built on Polygon, an EVM-compatible PoS blockchain, chosen for low fees and scalability. The smart contract can also easily migrate to Ethereum or Solana, which is where most DeFi volume is concentrated, allowing ODDO to expand quickly if needed. This flexibility ensures that EUROD can grow and adapt as the ecosystem evolves. 4ïžâŁ A broader trend The broader market is following the same logic. The ING-led consortium developing a euro stablecoin for 2026 is reportedly pursuing the same approach: DeFi-native yield according to @TheBigWhale_. EUROD is part of a larger trend - the euro stablecoin industry is moving to DeFi to grow. 5ïžâŁ Takeaway Banks are realizing that to make euro stablecoins useful, they must plug into onchain finance - not just issue them for payment. In a world where yield cannot be distributed directly on the euro stablecoin, DeFi is the only path to growth.
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
Today was one of the largest tests DeFi has seen in recent memory, and although it can be uneasy, it allows our industry to prove its resilience. While Morpho continues to operate as designed, I wanted to provide a quick refresher on how Morpho works: - Morpho doesnât manage risk itself. Rather, it provides a neutral and permissionless lending infrastructure that allows external curators to deploy markets/vaults, set parameters, and curate different risk profiles. - During events like this, and if required, curators will typically communicate about events and their impact on vaults, if any. - Each vault on Morpho has its own risk/return profile. Blue-chip exposures tend to be more resilient, while long-tail strategies can offer higher returns but carry higher risk, including potential losses during periods of stress. - Each user is free to choose their own risk profile across the available vaults/markets. Itâs important to note that thereâs no such thing as a free return. Where there are greater rewards, there tends to be greater risk.
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
đ©đȘ @Sibos, câest terminĂ© ! Quatre jours intenses Ă Francfort, riches en discussions passionnantes et passionnĂ©es. Voici les 3 points qui mâont le plus marquĂ© : 1/ Finance onchain, tokenisation et stablecoins : les stars de la confĂ©rence. Swift, SG-FORGE, Stripe, ING⊠les annonces ont Ă©tĂ© nombreuses. Presque chaque grande banque ou sociĂ©tĂ© de paiement avait au moins une/plusieurs personne(s) dĂ©diĂ©e(s) pour aborder le sujet. 2/ Les blockchains privĂ©es appartiennent (presque) au passĂ©. Contrairement Ă il y a quelques annĂ©es, lâheure nâest plus aux rĂ©seaux fermĂ©s : les banques et sociĂ©tĂ©s de paiement acceptent dĂ©sormais sans problĂšme les protocoles publics et ouverts. Lâimportance du rĂ©seau - comme avec Internet - commence Ă ĂȘtre comprise. 3/ Un enthousiasme rĂ©el, mais une exĂ©cution encore hĂ©sitante. Stablecoin maison ? Tokenisation dâactifs ? Paiements onchain ? Beaucoup dâacteurs ne savent pas encore par oĂč commencer. Le sujet touche tous les mĂ©tiers, et cela crĂ©e une forme de paralysie. Je dĂ©veloppe tout cela dans @TheBigWhale_. NâhĂ©sitez pas Ă nous contacter si vous souhaitez en savoir plus : https://t.co/A7il3ZAGa5 Je rentre Ă Paris, et on se retrouve dĂšs la semaine prochaine à ⊠Londres ! đŹđ§
Name & Symbol: OpenLedger ($OPEN)
Address: 0xa227cc36938f0c9e09ce0e64dfab226cad739447
I love it when journalists do reporting and actually don't do any even remedial research into what they're saying or writing about. On USDC and reversible payments đ§” We've been working on research into how to enable refunds on top of blockchains that settle stablecoins with finality for a long time, as we announced last year. 1) https://t.co/55BIqwJSwo 2) Even a cursory review of the @arc litepaper which we published in August speaks directly to this work. "Refund and Dispute Protocols: Onchain mechanisms for managing refunds and resolving payment disputes. This provides a level of consumer and merchant protection that is essential for mainstream adoption but often lacking in existing blockchain systems." 3) We also talked about it as a key feature for future upgrades to Circle Payments Network onchain payments protocols. 4) Most important, with @arc, we are delivering sub-second deterministic settlement finality (an ultra-high bar for real money and assets) as a foundational principle and feature. If you are journalist, please do the work rather than spew out click-bait. Thank you.
Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump
Quand lâEurope laisse ses start-up travailler sans trop de rĂšgles, elle fait plus que rivaliser avec les Ătats-Unis. @Ledger, @dfnsHQ, @Trezor, @MorphoLabs, @Kiln_finance, @eulerfinance, @aave, @zama_fhe, @safe, @the_matter_labs en sont le parfait exemple. Ces entreprises crypto europĂ©ennes sont aujourdâhui des leaders dans leur domaine. Et ce pour plusieurs raisons : - Nos ingĂ©nieurs sont parmi les meilleurs au monde, - Nos entrepreneurs savent bĂątir des leaders, - Et nos Ă©cosystĂšmes savent innover. Câest une leçon Ă mĂ©diter : nous ne manquons pas de talents, mais de libertĂ© pour les laisser se dĂ©velopper. Ă lâinverse, chaque fois que lâEurope choisit de rĂ©guler trĂšs fortement, elle prend du retard. Ce nâest pas un hasard si, dans les 2 secteurs les plus encadrĂ©s - les stablecoins et les Exchanges - nous sommes loin derriĂšre le reste du monde. La preuve ? Aux Ătats-Unis, le GENIUS Act a accĂ©lĂ©rĂ© la transformation des stablecoins en "exportations numĂ©riques" du dollar. Tether est dĂ©jĂ le 18Ăšme dĂ©tenteur mondial de bons du TrĂ©sor US (+120 milliards $ !) et vient mĂȘme de lancer son premier stablecoin US compliant ; pour rappel, la sociĂ©tĂ© de @paoloardoino a quittĂ© l'Europe Ă cause de la rĂ©glementation MiCA. En Europe, nous avons MiCA. Un cadre complet, protecteur⊠mais qui risque de brider lâinnovation et de laisser lâeuro Ă la traĂźne dans la bataille monĂ©taire numĂ©rique. La question est urgente : voulons-nous un avenir oĂč lâeuro et les derniers Exchanges europĂ©ens restent compĂ©titifs, ou acceptons-nous de rester spectateurs ? On a prĂ©parĂ© un dossier spĂ©cial sur le sujet dans @TheBigWhale_ đ§ https://t.co/zqG9OIpOZ9
Name & Symbol: Safe Token ($SAFE)
Address: 0x5afe3855358e112b5647b952709e6165e1c1eeee
More than 225 people want to know if JP will push our bags to the moon on September 17th, Or will we get rekt like June's revised NFP numbers? @Raph_Bloch and I will be joined by @Andre_Dragosch, PhD, and @joechalom, answering that question. You have less than 24 hours to register for @TheBigWhale_'s premiere episode of Market Call sponsored by @Bitwise_Europe The best thing is that it is free, and you will get a recap after Link in the comments đ
Name & Symbol: Rekt ($REKT)
Address: 0x20482b0b4d9d8f60d3ab432b92f4c4b901a0d10c
đŠÂ Le retour en force des blockchains privĂ©es Hier, @Stripe a prĂ©sentĂ© @Tempo, une blockchain pensĂ©e pour les paiements et ce projet nous rappelle fortement Libra (prĂ©sentĂ© par Facebook en 2019, abandonnĂ© en 2022)⊠sauf quâici, lâambition nâest plus de crĂ©er une nouvelle monnaie mondiale, mais de bĂątir une infrastructure pour faire circuler les stablecoins existants. Avec Tempo, Stripe ferme la boucle : đ Actif : les stablecoins (via le rachat de Bridge @stablecoin) đ AccĂšs : les wallets (via le rachat de @privy_io) đ Infrastructure : la blockchain Tempo Objectif : maĂźtriser toute la chaĂźne de valeur des paiements numĂ©riques. Mais Stripe nâest pas seul dans cette dĂ©marche. Depuis quelques mois, plusieurs acteurs ont lancĂ© des initiatives similaires : đ @Arc (@Circle) : blockchain compatible Ethereum, frais en USDC đ @PlasmaFDN (@Tether_to) : rĂ©seau dĂ©diĂ© Ă lâUSDT, sans frais apparents đ @CantonNetwork : soutenu par @GoldmanSachs, @BNPParibas ou @DeutscheBoerse Toutes ces initiatives poursuivent la mĂȘme logique : reprendre le contrĂŽle de lâinfrastructure. Les institutions veulent Ă©viter de dĂ©pendre des blockchains publiques comme Ethereum ou Solana, jugĂ©es trop imprĂ©visibles sur les coĂ»ts et la conformitĂ©. On pourrait y voir un paradoxe : aprĂšs des annĂ©es Ă vanter lâouverture et la dĂ©centralisation, retour Ă des architectures plus fermĂ©es. Mais le calcul est pragmatique : performance, conformitĂ© et coĂ»ts stables pĂšsent plus lourd que lâidĂ©ologie du âpermissionlessâ. Cette tendance soulĂšve deux risques majeurs : La fragmentation : chaque acteur dĂ©veloppe son propre rĂ©seau, la liquiditĂ© des stablecoins risque de se disperser. La gouvernance : comment ouvrir ces rĂ©seaux au-delĂ des seuls grands acteurs financiers ? Je pense que les blockchains publiques (Ethereum, Solana, etc.) ne sont pas hors jeu. Elles pourraient jouer un rĂŽle clĂ© comme couche dâinteropĂ©rabilitĂ© entre ces nouveaux rĂ©seaux privĂ©s. Mais une partie des flux risque bel et bien de se dĂ©placer ailleurs. AprĂšs la phase dâexpĂ©rimentation et de spĂ©culation, une nouvelle Ăšre sâouvre : celle des infrastructures financiĂšres spĂ©cialisĂ©es. Elles ne feront pas rĂȘver les cypherpunks, mais elles correspondent aux attentes des institutions qui veulent des rails fiables pour faire circuler des milliards de dollars. La vraie question dĂ©sormais : vont-elles coexister avec les rĂ©seaux publics⊠ou finir par les marginaliser ? Lire lâanalyse de @TheBigWhale_ et accĂ©der Ă notre plateforme de recherche (notamment sur les stablecoins) : https://t.co/EDr5b0ZvIU ---------- đŹđ§đŹđ§đŹđ§ đŠ The resurgence of private blockchains Yesterday, @Stripe presented @Tempo, a blockchain designed for payments and this project strongly reminds us of Libra (presented by Facebook in 2019, abandoned in 2022)... except that here, the ambition is no longer to create a new global currency, but to build an infrastructure to circulate existing stablecoins. With Tempo, Stripe completes the loop: đ Asset: stablecoins (via the acquisition of Bridge @stablecoin) đ Access: wallets (via the acquisition of @privy_io) đ Infrastructure: the Tempo blockchain Objective: to control the entire digital payments value chain. But Stripe is not alone in this approach. Over the past few months, several players have launched similar initiatives: đ @Arc (@Circle): Ethereum-compatible blockchain, fees in USDC đ @PlasmaFDN (@Tether_to): network dedicated to USDT, with no apparent fees đ @CantonNetwork: backed by @GoldmanSachs, @BNPParibas or @DeutscheBoerse All these initiatives follow the same logic: regaining control of the infrastructure. Institutions want to avoid depending on public blockchains like Ethereum or Solana, which are considered too unpredictable in terms of costs and compliance. One could see a paradox here: after years of touting openness and decentralization, we're returning to more closed architectures. But the calculation is pragmatic: performance, compliance, and stable costs weigh more heavily than the "permissionless" ideology. This trend raises two major risks: Fragmentation: each player develops its own network, risking the dispersion of stablecoin liquidity. Governance: how to open these networks beyond just the major financial players? I believe that public blockchains (Ethereum, Solana, etc.) are not out of the game. They could play a key role as an interoperability layer between these new private networks. But some of the flows may well shift elsewhere. After the experimentation and speculation phase, a new era is beginning: that of specialized financial infrastructures. They may not excite cypherpunks, but they align with the expectations of institutions that want reliable rails to circulate billions of dollars. The real question now: will they coexist with public networks... or end up marginalizing them? Read the analysis from @TheBigWhale_ and access our research platform (particularly on stablecoins): https://t.co/pzOpzEceYU
Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump
In the global Morpho market, the challenge isnât scarcity, itâs selection. Thatâs where active Morpho Vaults come in. Theyâre designed to navigate complexity with agility, tapping into opportunities across geographies, rate regimes, and currencies.
Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2
đ DĂ©couvrez la suite de dashboards by @TheBigWhale_ Nous avons construit 5 dashboards stratĂ©giques pour vous aider Ă naviguer dans lâĂ©cosystĂšme crypto et TradFi : - ETFs Crypto pour suivre l'Ă©volution de la demande institutionnelles. - Tokenisation pour comprendre lâessor des RWA sur la blockchain. - Stablecoins pour suivre lâĂ©volution des volumes, des Ă©metteurs et des blockchains clĂ©s. - Ethereum pour analyser le rĂ©seau et ses mĂ©triques financiĂšres. - TradFi x DeFi pour dĂ©crypter les ponts entre finance traditionnelle et dĂ©centralisĂ©e. Ces dashboards combinent : â DonnĂ©es de rĂ©fĂ©rence issus de @KaikoData, @RWA_xyz, @growthepie_eth, @DefiLlama et @artemis â Analyses exclusives issues de notre Ă©quipe de recherche â Veille dâactualitĂ©s sur les sujets qui comptent
Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e
Circle's Layer 1 launch has sparked criticism, but I believe it's a rational and strategic move for the USDC issuer. Today, the real battleground for stablecoins is TRANSACTION FLOW. Stablecoin payments are exploding - already billions per month - with @KeyrockTrading projecting volumes of $1 trillion annually by 2030. The true value isn't in issuing USDC, but in settlement and capital velocity. Building a rollup means "renting" someone else's infrastructure, while having your own L1 means owning the highway and collecting tolls. Circle isn't alone in this realization: @PlasmaFDN, @stable, @Securitize, @OndoFinance, @DinariGlobal and others are following similar paths. Owning the base layer means integrating compliance, FX, and fees - capturing the real economic value. This explains Arc's design: EVM-compatible, sub-second finality, USDC gas fees, and end-to-end stack control. It's Apple's vertical integration playbook: hardware + software reduces uncertainty and maximizes value capture. This isn't "anti-Ethereum" as some suggest. @arc will function as a hub: internalizing issuance and settlement while distributing liquidity to Ethereum and L2s via CCTP and bridges. Ethereum maintains its role as the institutional "Fort Knox" with its security guarantees. The real competition isn't Ethereum but @Visa, @Mastercard, and payment giants like @stripe who's reportedly launching their own L1 đ) These networks capture global transactions through fees (interchange, processing). With Arc, Circle creates an autonomous rail offering: - Minimal operational costs - Instant execution - 24/7 programmable global infrastructure Instead of paying Visa/Mastercard to process USDC payments, Circle directly captures settlement valueâexactly as these giants did with their own networks for decades. The only real concern is censorship. On Ethereum, Circle has little incentive to abuse power (too much value in @Uniswap or @aave). With Arc, control will be stronger, but that's precisely what attracts institutions and regulators, as we increasingly observe at @TheBigWhale_. In conclusion, Arc represents Circle's business bet - not chasing yield farming or TVL (they've kept yields for themselves for 10 years!), but pursuing real economic flows. This approach confuses much of the crypto community, which isn't used to thinking like Visa or Mastercard. Meanwhile, Circle's USDC already generates massive recurring revenue streams. We'll need to adapt to these business strategies as they multiply across crypto.
Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump
Le lancement par @circle de son propre Layer 1 a suscitĂ© pas mal de critiques. J'arrive un peu aprĂšs la bataille, mais je pense que c'est un choix trĂšs rationnel - et probablement le plus stratĂ©gique que l'Ă©metteur de l'USDC pouvait faire. Aujourd'hui, la mĂšre des batailles dans les stablecoins ce sont les FLUX : https://t.co/DdYS20N0kW Les paiements en stablecoins explosent : on est dĂ©jĂ Ă plusieurs milliards $/mois et comme @KeyrockTrading vient de le rĂ©vĂ©ler dans un rapport, on se dirige vers des volumes pouvant atteindre 1000 milliards par an dĂšs 2030. Or, la vraie valeur nâest pas dans lâĂ©mission dâUSDC, mais dans le settlement et la vitesse du capital. Construire un rollup, câest "louer" lâinfrastructure dâun autre, alors qu'avoir son L1, câest possĂ©der lâautoroute et encaisser les pĂ©ages. Circle nâest d'ailleurs pas le seul Ă l'avoir compris : @PlasmaFDN, @stable, @Securitize, @OndoFinance, @DinariGlobal et d'autres suivent la mĂȘme trajectoire. PossĂ©der la couche de base, câest intĂ©grer compliance, FX et frais. Bref, câest capturer la vraie valeur Ă©conomique ! D'oĂč le lancement d'Arc qui est conçu pour ça : EVM-compatible, finalitĂ© subseconde, gas en USDC, stack contrĂŽlĂ©e de bout en bout. Câest la logique de l'intĂ©gration verticale d'Apple : avec le hardware + le software, Circle rĂ©duit les incertitudes et contrĂŽle lâexpĂ©rience pour maximiser la capture de valeur. Et pour moi, ce nâest pas un "move anti-Ethereum", comme j'ai pu le lire Ă droite et Ă gauche. Arc fonctionnera comme un hub : internalisation de lâĂ©mission et du rĂšglement, mais distribution de la liquiditĂ© vers Ethereum et ses L2 via CCTP et diffĂ©rents bridges. Ethereum garde son rĂŽle de "Fort Knox" institutionnel avec sa sĂ©curitĂ©. La vraie compĂ©tition nâest pas avec Ethereum, mais avec @Visa et @Mastercard et les autres gĂ©ants du paiement comme Stripe qui va donc aussi lancer son propre L1 (tiens tiens đ). Ces rĂ©seaux capturent aujourdâhui chaque transaction mondiale via leurs pĂ©ages (interchange, processing fees). Avec Arc, Circle se dote dâun rail autonome, capable dâoffrir : - des coĂ»ts opĂ©rationnels infimes, - une exĂ©cution instantanĂ©e, - une infrastructure 24/7, programmable et globale. đ Au lieu de payer Visa/Mastercard pour faire passer les paiements en USDC, Circle capte directement la valeur du rĂšglement. Exactement comme ces gĂ©ants lâont fait avec leurs propres rĂ©seaux ces derniĂšres dĂ©cennies. Pour moi, le seul vrai sujet reste celui de la censure. Sur Ethereum, Circle nâa pas intĂ©rĂȘt Ă abuser de son pouvoir (trop de valeur en jeu dans @Uniswap ou @aave). Avec Arc, le contrĂŽle sera plus fort, mais câest prĂ©cisĂ©ment ce qui sĂ©duit les institutions et rĂ©gulateurs, comme on l'observe de plus en plus dans @TheBigWhale_. En conclusion, je dirais qu'Arc est un vrai pari business pour Circle qui ne joue pas le jeu du yield farming ou de la chasse Ă la TVL (ils gardent les rendement pour eux depuis 10 ans !), mais celui des vrais flux Ă©conomiques. Câest d'ailleurs sans doute cette approche qui dĂ©route une grande partie de la communautĂ© crypto : on est peu habituĂ©s Ă raisonner comme Visa ou Mastercard, lĂ oĂč Circle, avec lâUSDC, a dĂ©jĂ un produit qui gĂ©nĂšre des flux massifs et rĂ©currents. Il va falloir s'habituer Ă ce genre de stratĂ©gie de business parce qu'elles vont se multiplier dans la crypto.
Name & Symbol: AI Rig Complex ($arc)
Address: 61V8vBaqAGMpgDQi4JcAwo1dmBGHsyhzodcPqnEVpump