Neil Moonstrong 🌙 💪🏿

1/ Retail doesn’t understand why people are mad about USDC “rewards” So let’s break it down: USDC isn’t magic. It’s a Treasury yield business model. 👇 2/ When you mint USDC, Circle takes the dollars and parks them in: • cash • short-term US Treasuries Those Treasuries pay interest. That interest is the engine. 3/ Here’s the part people miss: Circle isn’t making billions from payments. Circle is making billions from the interest on the reserves backing USDC. 4/ The numbers: Circle reported about **$1.68B total revenue in 2024**… And analysts project **~$2.5B+ of revenue in 2025**… With the vast majority coming from reserve interest. USDC float = the business. 5/ Their “services/API” revenue is tiny compared to reserve yield. Circle is basically a Treasury spread company with a stablecoin wrapper. 6/ Now enter Coinbase. Coinbase reported **~$300M–$355M per quarter** in stablecoin-related revenue… That’s over **$1B+ annualized** from the USDC interest arrangement. 7/ Coinbase gets: • 100% of the interest on USDC held on Coinbase • a split of interest on USDC held elsewhere So Coinbase is directly monetizing the same Treasury float. 8/ Then Coinbase markets it as: “Hold USDC here and earn rewards.” To retail, that feels like a savings account. 9/ But banks can’t do this freely without: • capital requirements • deposit insurance • supervision • lending obligations Stablecoin rewards create deposit-like behavior without bank guardrails. 10/ That’s why policymakers call it “shadow banking.” It’s not “crypto innovation.” It’s: Park money in T-bills → Collect yield → Share some with users → Keep the spread 11/ And that’s exactly why Circle + Coinbase advocate so hard: Because this model is massively profitable… And clearer rules will likely squeeze the “stablecoin-as-yield-account” loophole. 12/ Payments stablecoins will survive. But the reward-driven Treasury spread game is what regulators are targeting. Casino layer fades. Infrastructure stays. 13/ Why does this matter? Because if stablecoins become “hold digital dollars and earn Treasury yield”… You’ve basically rebuilt a banking system… Outside banking rules. That’s dangerous. 14/ Here’s the risk: If trillions move from banks into stablecoin yield wrappers: • banks lose deposits • lending shrinks • credit tightens • economy slows Money stops circulating. 15/ Banks don’t just “hold money.” They fund: • mortgages • small business loans • car loans • economic growth If deposits get sucked into Treasury-only stablecoin float… The real economy gets starved. 16/ This is called disintermediation: Money leaves the banking system → Goes into safe assets → Credit creation collapses That’s how recessions get worse. 17/ And we’ve seen this movie before. In 2008, a massive “shadow banking” system grew outside normal bank rules: • money market-like products • repo leverage • off-balance-sheet risk It looked safe… Until it wasn’t. 18/ One famous example: The Reserve Primary Fund “broke the buck” in 2008. A product people treated like cash… Suddenly wasn’t. Panic followed. 19/ The lesson regulators learned: If something walks like a deposit, talks like a deposit, and feels like cash… It needs bank-level guardrails. 20/ Stablecoin yield wrappers are the same issue in new clothes. They create: • deposit behavior • without deposit insurance • without capital rules • without lending obligations 21/ That’s why regulation isn’t “anti-crypto.” It’s anti–shadow banking 2.0. Payments stables survive. But “stablecoin as a savings account loophole” won’t scale unchecked.

😬

I can do it too 😉

X

@notcee_fan A royal carribean cruise. Wtf you doing in the house watching TV for

What’s an appropriate punishment when your 8 year old cracks your 75 inch screen?

“Be your own bank” with XRP… Alright, let’s run a REAL example people aren’t thinking about. Because being the bank doesn’t just mean upside… 👉 It means your collateral can get tested while XRP is going UP. 🧵👇 1/ Starting point: XRP = $1.41 FLR = $0.008 You decide to step into as an FXRP agent. You lock FLR as collateral. 2/ Let’s say you want exposure backing: 👉 100,000 XRP (~$141,000) At a 2.5x collateral ratio: 👉 You lock ~$352,500 worth of FLR That’s about 44,000,000 FLR You’re now “the bank”. 3/ Everything looks good… Until the market does something people DON’T expect: 👉 XRP goes UP 👉 FLR goes DOWN 4/ Now watch the shift: XRP → $2.50 FLR → $0.006 Your position just changed FAST. Your collateral (FLR) is losing value While the liability (XRP exposure) is increasing 5/ Let’s recalc: XRP side: → 100,000 XRP = $250,000 FLR side: → 44M FLR × $0.006 = $264,000 Your ratio just dropped near danger: 👉 ~$264K / $250K = ~1.05x From 2.5x → almost liquidation 6/ And the system doesn’t care that: 👉 “XRP is doing great” 👉 “The market is bullish” All it sees is: 👉 Your collateral is no longer sufficient 💥 Liquidation risk 7/ Now here’s the flip people miss: Earlier thread showed how agents can accumulate XRP… But THIS scenario shows: 👉 Being the bank can also put YOU at risk 👉 If your collateral asset moves against you 8/ If liquidation triggers: 👉 Your FLR gets sold / seized 👉 Your position gets closed And you don’t get to “ride XRP up” You just lost collateral trying to play the system. 9/ So now think deeper: Retail: → Holds XRP → Benefits from price going up Agent: → Exposed to BOTH assets → XRP ↑ → FLR ↓ 👉 Double pressure 10/ This is real banking mechanics: Banks don’t just win. They manage: • collateral risk • cross-asset volatility • liquidity stress Or they get wiped. 11/ So when people say: “Be your own bank with XRP” Understand this: 👉 You’re not just long XRP anymore 👉 You’re managing a balance sheet 12/ Final thought: In FXRP systems… It’s not just about XRP price. It’s about: 👉 What backs it 👉 How fast things move 👉 And whether your collateral survives the move Because sometimes… 👉 XRP going UP can still break you. 🧠

🤡

EASY QUESTIONS FAIL?! Whatever Podcast with Brian Atlas Dating Talk 286

@gloccnem Finding McDonald's acceptable as a form of food in the 90s is where you went wrong

what the fuck happened to our country

How agents can accumulate XRP CHEAPER… while price is going UP 🧵👇 1/ This is the part that breaks people’s brains: 👉 “How can someone get XRP cheaper if the price is going UP?” Because you’re thinking in market buys They’re operating in system mechanics 2/ Using + FXRP There are 2 roles: • Retail → deposits / mints / earns yield • Agents → provide collateral + absorb stress 👉 Agents don’t chase price They wait for breakdowns 3/ Let’s use a real flow: XRP = $1 Retail deposits 100,000 XRP Agent locks $250,000 collateral (2.5x) Everything balanced. 4/ Now XRP starts ripping: $1 → $2 → $3 → $5 Retail thinks: “I’m up 5x 🔥” But inside the system… 👉 Ratios are getting stressed FAST 5/ Here’s the key: Collateral systems don’t care about price direction. They care about: 👉 Ratios 👉 Stability 👉 Coverage When price moves too fast… 👉 Positions can BREAK 6/ So even though price is going UP… Some positions fall below required collateral thresholds. 💥 Liquidations trigger This is where agents step in. 7/ Now here’s the part nobody explains: The system doesn’t say: “Go buy XRP at $5 market price” 👉 It redistributes existing XRP internally At a discounted settlement value 8/ Example: Market price = $5 During liquidation: 👉 XRP may be absorbed at $3.80–$4.20 equivalent Why? Because the system prioritizes: 👉 speed 👉 solvency 👉 closing risk Not giving retail top dollar. 9/ So what just happened? Retail: → Had XRP during the run → Got liquidated out of position Agent: → Steps in → Absorbs XRP → Below market value 👉 DURING A BULL RUN 10/ Now scale this up: • Multiple liquidations • Multiple waves • High volatility Agents keep accumulating: 👉 Not at $5 👉 Not at $6 👉 But consistently BELOW market 11/ This is why “price going up” doesn’t tell the full story. There are TWO markets: 1) Exchange price (what you see) 2) System price (where redistribution happens) 👉 Agents operate in #2 12/ Final takeaway: Retail chases green candles. Agents position for: 👉 imbalance 👉 forced events 👉 system stress Because that’s where assets get transferred. Price up doesn’t mean supply stays with the same people. 🧠

People be like why is crypto going down 😂😂

@scottmelker So no Doge coin and Bitcoin . Got it

Own shit they can’t print out of thin air

@0ne_love_vegan @Bird_XRPL Yes. Its just money

@NeilMoonstrong @Bird_XRPL Are you a holder?

ALL I THINK ABOUT IS XRP Who’s with Bird?

$ZBCN

@brian_armstrong @xrp1313 The feeling you never feel when dealing with coinbase customer service

Perfect gift [📹 jaeseopapercraft]

If you’re going to accuse me of doing something or promoting something the least you can do is drop A Clip of me saying it or post I’ve had It’s the internet call me out with my own words I’ll be forced to address it

@markFinchCrypto Im sure you and your 332 followers got this

Gentlemen This represents majority of XRP supporters that claims the value of a bridge asset but have no idea how FX and settlement works 😅 Xrp is just another meme coin, at least meme coins have max supply and no foundation holding a shit ton.

People are trying to pick winners ON the internet of value I’m more interested in the infrastructure UNDER it You can invest in apps or you can invest in the rails those apps depend on XRP is closer to owning the rails Not the website not the platform not the trend The system that moves value between all of them That’s why most people don’t get it They’re looking for the next app Not the layer everything runs on

1/ Most people don’t realize this… The XRPL has been evolving for nearly a decade What it could do in 2016 vs today isn’t even the same system Let’s break it down 2/ 2016 XRPL Fast settlement Low fees Native DEX Issued assets (IOUs) Multi-currency support Already ahead of its time But still early infrastructure 3/ Back then the focus was simple Move value fast reduce cost prove real-time settlement works Not full-scale financial infrastructure yet 4/ Fast forward to today XRPL is no longer just a payments rail It’s becoming a full financial layer 5/ Today XRPL supports Tokenization of real world assets Native AMM functionality Advanced liquidity mechanisms Improved DEX capabilities Sidechain expansion for customization This is a completely different level 6/ Here’s where most people mess up They keep quoting old bank PDFs and pilot programs But those were built when XRPL didn’t have today’s capabilities So institutions had to stack layers use intermediaries and build around limitations that no longer exist 7/ People never update their thesis They read a 2018 or 2020 PDF lock that idea in and never reassess what’s changed That’s how you stay behind 8/ Because now A lot of those extra layers can be eliminated Less intermediaries less complexity more direct settlement better liquidity routing But people are still arguing based on outdated constraints 9/ They’re waiting for a new PDF to tell them what to think Instead of actually analyzing: what the system can do today how the structure has changed where the inefficiencies are being removed 10/ This is the window where conviction is built Not after everyone agrees Not after institutions spell it out Now When the tech has evolved but the narrative hasn’t caught up yet 11/ 2016 was proving it works Today is removing the need for multiple blockchains built around inefficiency If you’re still using old assumptions you’re not early you’re just late with confidence