rayan.algo

In Bangkok next week for Money20/20 Asia. Let's talk payments on-chain. DM me for meetings.

The IMF just released a landmark report on the future of global finance. Their tokenized finance wishlist: ☑ Atomic settlement ☑ Programmable compliance ☑ Fractional ownership Algorand has had all of this and more, from day one.

Google Quantum AI's new paper surveys quantum vulnerabilities across the entire cryptocurrency landscape. Algorand is documented as having deployed post-quantum cryptography across multiple protocol layers — FALCON signatures, state proofs, native key rotation, and TEAL primitives for quantum-safe smart contracts. For builders and institutions evaluating quantum readiness, the record speaks for itself. Read the full paper from @Google: quantumai.google/static/site-as…

Algorand protocol development and ecosystem growth are now under one roof. Algorand Foundation ( @AlgoFoundation ) and Algorand Technologies have come to a strategic agreement to unify ecosystem operations. This agreement creates a unified powerhouse for blockchain innovation here in the United States and positions Algorand as the chain that enables financial empowerment at scale.

One of the hardest parts of stablecoin integration isn’t the tech. It’s the internal meeting. Treasury wants to understand the liquidity risk. Compliance wants a regulatory opinion letter. Legal wants to know who holds the liability if settlement fails. Product wants to know if customers actually asked for this. And the person championing the project has to answer all of these at the same time, in one room, with no clear precedent to point to. That’s why institutional adoption moves slowly. Not because the technology is hard. Because the internal alignment is. Many infrastructure providers focus on “fast integration.” But for institutions, the real bottleneck is internal alignment.

When people talk about stablecoins, they usually frame it as a competition with banks. I don’t see it that way. In most PSP discussions, the real question isn’t who moves money faster. It’s how much capital is tied up across different corridors, sitting in prefunded accounts or spread across regions just to keep operations running. That’s where the real friction sits. The opportunity with stablecoin settlement isn’t just about speed. It’s about using capital more efficiently while staying within institutional risk limits. That’s the part risk and treasury teams actually focus on, and that’s where serious adoption conversations begin.

@oost_marcel @getTransFi For institutions, the biggest friction today is compliance, because it dictates how every other layer can actually operate.

Stablecoins look instant on the surface. Underneath, it’s a full payments stack. If you’re building or investing in stablecoin rails, it helps to think in layers: The 𝗦𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗣𝘆𝗿𝗮𝗺𝗶𝗱 (great graphic by Michael Ngo at @getTransFi 👇) Every real-world stablecoin payment runs through all of these layers: ► 𝗙𝗶𝗮𝘁 – USD, EUR, JPY. The credibility anchor. ► 𝗜𝘀𝘀𝘂𝗲𝗿𝘀 – minting fully-backed stablecoins (USDT, USDC, etc.). ► 𝗡𝗲𝘁𝘄𝗼𝗿𝗸𝘀 – Ethereum, Solana and others where settlement actually happens. ► 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗿𝘀 – FX, pricing, and conversion between rails and tokens. ► 𝗖𝘂𝘀𝘁𝗼𝗱𝘆 – securing assets, keys, governance, MPC. ► 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 – transaction monitoring, sanctions, traceability. ► 𝗠𝗶𝗱𝗱𝗹𝗲𝘄𝗮𝗿𝗲 𝗔𝗣𝗜𝘀 – abstracting blockchain complexity into payments infra. ► 𝗪𝗮𝗹𝗹𝗲𝘁𝘀 – addresses, keys, and transaction UX for users and apps. ► 𝗗𝗲𝗙𝗶 – yield, lending, liquidity, capital efficiency. ► 𝗥𝗮𝗺𝗽 𝗟𝗮𝘆𝗲𝗿 – on/off-ramps that connect crypto back to local bank accounts. My takeaway: adoption accelerates when the last mile disappears. Users don’t want “a stablecoin strategy”, they want payroll, payouts, and checkout that just works. Which layer is the biggest bottleneck right now: liquidity, compliance, or ramps?

@coinbureau Regulatory sandboxes are where stablecoins move from narrative to supervised settlement infrastructure, and that’s what will define real institutional adoption.

🇬🇧UK REGULATOR PICKS 4 FIRMS FOR STABLECOIN SANDBOX The FCA has selected Revolut among others to test stablecoins in real-world conditions with safeguards. The regulator will assess how UK issuers handle payments, settlement and trading as it shapes final stablecoin rules.

5/5 Stablecoins grow where access is simple. If moving in and out feels easy, usage follows. At that point, they stop being a feature and become infrastructure.

4/5 For a fintech in MENA, Asia or Latin America, this changes the conversation. They are not integrating into something isolated. They are plugging into a funding and exit network that already exists. That makes user adoption and treasury management more realistic.

A lot of stablecoin debates focus on supply numbers and chain comparisons. But for anyone building real payment products, a simpler question matters more: Can people actually move in and out easily? Thread🧵

@TrustWallet The expectation of instant movement is becoming the new baseline.

@RayanKhalil your money that moves when you want, the way it should be

The stablecoin market cap is over $300B. Coffee shops in Miami, retail stores in Dubai & remittances across Africa. Stablecoins aren't "crypto" anymore, they're everyday money. And you can hold them all in self-custody

@techyalzay Exactly. Then it becomes about system design.

If I hand you $100 in cash, you have immediate purchasing power. You can spend it locally, hand it to someone directly, or hold it without relying on any system. If you want to move it digitally, you deposit it into a bank and rely on the banking system to transfer it. That system works. But it comes with cutoffs, intermediaries, and geographic limits. If I send you 100 USDC, the dollar already lives in digital form. It can move across borders without correspondent chains. It can settle outside business hours. It can plug directly into payment platforms. Both represent dollars. The difference is where they live and how they move. The real shift isn’t the dollar. It’s the infrastructure around it.

@Cointelegraph A defined 2% haircut brings capital clarity. Once balance sheet impact is predictable, institutions can plan around it.

🚨 MASSIVE: Hester Peirce pushes a 2% stablecoin capital haircut, clearing the way for Wall Street to treat them like cash.

10 years ago the debate was whether Bitcoin was real money. Today the SEC is calibrating rules for stablecoin settlement at broker-dealers. Something to think about.