Fred @freddyflies

It is illegal in America for a stablecoin to pay you interest. The issuer takes your dollars, earns the yield, and a 2025 law bars it from passing you a cent. So on June 30th, 140 of the largest companies on earth announced a coin built to capture that yield for themselves. Start with the prize. A stablecoin is a dollar you swap for a token. The issuer parks your dollar in Treasury bills at 4 to 5 percent and keeps the interest. Tether did this so well it cleared about 13 billion dollars in 2024, one of the highest profits per employee in business history, and now holds roughly 141 billion in US Treasuries, the 17th largest holder of US government debt on earth. It charges no fees and pays holders nothing. The float is not part of the business. It is the business. The part that rewrites the story is the law itself. The GENIUS Act, signed July 2025, makes it unlawful for a stablecoin issuer to pay interest to the people holding the coin. But it binds only the issuer. Route the same yield to a partner or an exchange, and the statute goes silent. That gap is the entire design of Open USD. It mints and redeems free and sends the reserve income to the 140 partners who drive adoption, names like Visa, Mastercard, Stripe, BlackRock, Coinbase and American Express. Not to you. You are barred from earning it by law. They are not. So this is not democratizing the float. It is the loophole, industrialized. These same firms are already inside the old game. BlackRock manages Circle's reserves. Coinbase already collects a slice of Circle's interest that grows with how much of its stablecoin sits on Coinbase. They are not disrupting the incumbents. They are scaling the trick and keeping the yield among themselves. None of this touches Tether yet. It sits offshore, beyond GENIUS, with 570 million users and an emerging-market moat no US consortium reaches, and it is launching a compliant US coin of its own. Open USD is a day old, not live, and it is plumbing, not a token to buy. Anyone selling you "OUSD" today is selling a scam. But strip the press release and the structure is bare. A law decided you cannot earn the interest on your own dollars. The biggest firms in finance just built the machine to earn it instead.

@ZFXtrading Any asset, when not assessed strictly on fundamentals (eg. p/e, MAU, conversion, etc), is priced on a narrative. The key is discovering the narrative and when it will or has switched from bullish/neutral/bearish. Seems like an obvious statement, right?

ICYMI: WOMAN ALLEGEDLY PUNCHED ABOUT 10 TIMES IN FACE IN FRONT OF HER HUSBAND AND CHILDREN AT HER HOME THIS MONDAY IN FRANCE BY CRIMINALS WHO TARGETED HER BECAUSE OF HER CRYPTO PORTFOLIO - INVESTIGATION OPENED FOR ATTEMPTED ROBBERY WITH VIOLENCE - PER BFMTV

We’re seeing risk come back just before the long holiday weekend. To us, Trump’s latest moves are frontloading the bad news for Europe (Screengrab from discord server)

@CaitlinLong_ Lending moves on chain

10 things I can’t quit thinking about after ETHDenver: 1. Convergence = here. Devner didn’t feel like an ETH conference, but more like an AI + crypto + TradFi + techno-philosophical conference. The convergence is true and real and accelerating. 2. Most corporate jobs suck ass. 40 years at a desk working on the same thing? Pure dystopia. We need fluid movement between passions, projects, people. DAOs are a massive step in that direction, but now AI is giving individuals the means to spin up their own massive businesses… there’s also this notion floating around that we can launch a product or contribute to a protocol or a DAO in a way that sets us up for life rather than slaving for decades at the golden teat of a paycheck. It's a massive win for human flourishing, passion and excitement. 3. oRaNgE cOIn. Bitcoin came up far more than I thought it would. Even $ETH ICO buyers/gigawhales talked about how bullish they are on it. The question is no longer whether $BTC will survive but rather how much exposure you should have. Orange coin has truly “up-leveled” or “transcended” to become something people simply can't ignore. 4. Founder quote that hit me like a truck: "We overengineered our project and under-engineered our story." In a world where AI flattens the app creation process, only your mindshare matters. (forgot to write down who said it 😅... chime in in the comments if you see this) 5. “Keepers of truth.” AGI will be able to fake literally anything. In such a world, blockchains become the “keepers of truth” bc they can be used to indisputably verify anything. This isn't just another use case. It means crypto will one day touch everything on earth. h/t @sreeramkannan's talk at @openagisummit. 6. Conference model = broken? Empty mainstage talks were the result of hundreds of side events that siphon off attention. This is happening more and more at every conf I go to. Not sure what the fix here is? Maybe the organizers should be way less centralized… rent a massive venue with tons of flexible spaces that can evolve in real-time… more Zuzalu, less CONTROL and top-down decisions. 7. Current blockchains r too dumb. AI must integrate more directly into the crypto tech stack. Ultimate vision is every hominid should be able to deploy whatever app they can dream up using natural language… this could lead to an giga-explosion of innovation and cool-ass experimentz. h/t @ritualnet and others 8. Crypto vs. Stripe API. Will we just give agents credit cards or will they prefer crypto wallets? One payment method can be censored. One cannot. Guess which wins? 9. $$$$ infusion. Dozens if not hundreds of projects around the world r sitting on massive treasuries bc they needed it as an insurance policy in case they had to do battle with the SEC. With the changing regulatory sitch, hundreds of millions of dollars (probably billies) can now be used to ship, build and accelerate. 10. Robots in chains? IRL robots made appearances at several events (one was drawing caricatures of passersby). Talked with frens about how we’ll bring them into our homes soon. That leads to crazy questions like “how do we keep them from getting hacked and killing us or blowing up like pagers?” “Will we be ok sleeping in the same room with them? Or will we lock them in the shed with chains?” Absolutely insane to think about… but productivity gains will overshadow all those doubts and human fears imo. De bots are coming whether you want them or not. I for one can’t wait to see @0xzerebro embodied… in the meantime, I got to see him DJ his first show 👇🔥 Anyway, I'm sending love to all of you denverites, futurists, builders, dream dealers, and merchants of hope. Build something that makes this world better, freer, more beautiful and true✊

@elonmusk Want to save money and put power closer to the people? Reduce regulation? Get rid of every bribe the federal government pays to states to do things that the federal government doesn’t have the power to do directly.

@DegenerateNews @realDonaldTrump @DavidSacks This would mean one could not hold it in a self directed IRA

@RaoulGMI Don’t use punctuation or you’ll never sell to the younguns Haven’t you noticed how they text? Punctuation on the dftu hat and even this boomer won’t buy it - very uncool ;)

@shunzoabe @DefiIgnas eBTC from BadgerDAO

@doginpot 6NFRhr8rNhwtebwRccdkNWKbGnTNpJBWKa4xuHrM89DJ

@doginpot 6NFRhr8rNhwtebwRccdkNWKbGnTNpJBWKa4xuHrM89DJ

🚨 BREAKING LIVE NOW: HEZBOLLAH ADMITS TO USE OF MAJOR MISSILE Hezbollah Admits Burkan 'Volcano' Missile Use, Warns of Regional Escalation Amid Resistance Operations ''There has been an improvement in resistance operations at the level of quantitative action and in the quality of weapons, such as the use of attack drones and the type of missiles. The Islamic resistance in Lebanon has begun using “Burkan” missiles, which weigh up to half a ton, in its operations.''

Mario Nawfal @MarioNawfal

3 years ago

🚨 BREAKING LIVE NOW: Hezbollah Leader Warns of Regional Escalation if U.S. Fails to Halt Gaza War ''Americans should stop the war in Gaza if they want to prevent a regional war No one can pressure the resistance movements to stop the attacks.''

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@buzzed_lite @BanUnsweetTea @amalgamocracy @zerohedge Because when Japanese bond yields rise, Japanese money will move from US markets back to Japan putting sell pressure on US assets.

@willywoo How do you account for ERC20 locked BTC?

AIR DROP HAPPENING TOMORROW DETAILS IN DISCORD - discord.gg/junglefreaks RT/LIKE FOR A CHANCE TO GET AN EXTEMELY RARE AIR DROP 👀👀👀 WILL BE GIVING AWAY 20

@cjryptko 5

@realDonaldTrump Loser.

@realDonaldTrump Nancy won. Loser.

@realDonaldTrump