haonan

Why pay retail spread to move money at institutional scale? Codex quotes USDC, USDT, USD, and local fiat at wholesales rates with deep liquidity and near-instant settlement. • 24/7/365 • Onboard in days • No hidden fees Book a call. Price your flow. codex.xyz

@HunterBiden @Samwise_Ganji tell dad!

@Samwise_Ganji Fiat is a sham, the banking class is corrupt, decentralized digital currency and the blockchain are the inevitable future, and the incumbents will fight it to the death.

Things most Americans agree on: Groceries cost too much. Tariffs suck and make no sense. Congress and Presidents shouldn’t trade stocks. The debt is a mess. The border should be secure, but legal immigration is good. Endless wars are stupid, especially ones that nobody wants and have never been explained. Americans are exhausted. AI is like my new best friend that also might be trying to take my job, my ability to think for myself, and my humanity in the process. Yo like I love you, but WTF, but I still love you. Diversity is actually awesome! The opposite is boring AF. Canadians are super fucking cool. Mexicans are chill. Putin isn’t a good guy looking out for America’s best interest. Rocky IV and Miracle are great movies. Good neighbors are a blessing. Freedom of religion and coexistence without having to blow each other up is probably a good idea. We all question, are we alone in the universe? We all fuck up along the way. Epstein didn’t hang himself. The Trumps and Epstein were best friends for decades. It’s like Bert trying to tell us Ernie was just an acquaintance in the same social scene on Sesame Street back in the day. The Cowboys suck. Go Birds! Things we’re told to fight about: Me. Laptop. Vaccines. Transgenders in sports. Pronouns. That’s the joke.

Today, Codex FX hit a new all-time high in daily volume. The market for global stablecoin and fiat movement is accelerating. More of that flow is moving through Codex. Want to be part of the growth and reduce your swap or ramp costs? 👇 codex.xyz

FX is the biggest market on earth. Nearly $10 trillion trades every day, yet most of it still moves on rails built decades ago. @Haonan is speaking at @ETHConf in New York on what breaks in legacy FX and how onchain FX fixes it. See you there.

PSPs and fintechs moving large volumes in stablecoin and fiat swaps are often overpaying. USDC⇔USDT USDC⇔USD USDT⇔USD Codex FX offers wholesale rates, 24/7, with sub-30-minute settlement. Get in touch and share your current pricing. We'll do better. codex.xyz

We recently set a rule at @CodexFX: when a client wants to trade, we respond within 10 minutes. 5 minutes is ideal. It's the standard our trading desk operates on. The logic is simple. When a PSP asks for a price, there's an end customer waiting on settlement. A 30-minute response at our level becomes hours for them. We built ops coverage across Singapore, London, and US time zones before we pitched it. A quote at 11 PM in one geography gets acknowledged within minutes by someone awake in another. The real test is what happens Sunday night when settlement is needed before Monday morning. If your venue is taking longer than 10 minutes to acknowledge a quote during your business day, everything else is going to be slower than you need.

We're heading to @Money2020 Europe. 📆 June 2–4 📍 Amsterdam Are you a fintech, PSP, or neobank moving between stablecoins and fiat? Codex FX gives you 24/7 USDC, USDT, and fiat settlement in under 30 minutes at institutional volumes. DM to book a physical meeting.

@binji_x in SF for the week

making a groupchat for people who like ethereum lmk

@brendanpmalone Thank you!

@haonan Banger episode

Darrell Duffie of Stanford is famous for being the world’s foremost scholar of financial market plumbing. Few will know that he was also a director of The Narrow Bank (TNB), the bank the Fed quietly strangled for the crime of being too safe. In this episode we cover: Why did TNB die? What are the parallels to the state of stablecoins today, if any? Do stablecoins actually threaten bank deposits? What does a Treasury security purpose-built for on-chain settlement look like? What tokenized assets should serve as the backbone of financial system of the future? Darrell’s Brookings paper with Don Wilson and TNB’s regulatory comment letter on Regulation D are both worth reading alongside this episode. • 00:00 – Intro • 01:07 – The Bank That Couldn’t Fail • 03:53 – Will Stablecoins Kill Lending? • 07:54 – Private Credit’s Run Problem • 11:14 – Too Safe to Exist • 18:31 – Why USDC Can’t Run Wall Street • 25:21 – The Narrow Bank Returns • 28:22 – If Duffie Ran Global Finance • 31:25 – The Stablecoin Sandwich Problem • 34:20 – The End of CLS? • 40:31 – Nubank vs. JPMorgan Brought to you by Codex, the stablecoin foreign exchange specialist.

YouTube: youtu.be/yshZ--HMzB4 Spotify: open.spotify.com/episode/7E02mQ… Apple: podcasts.apple.com/us/podcast/the…

@laurashin we need more @laurashin moderated debates!!!!

🚨90% of crypto podcasts are just guys agreeing with each other for 45 minutes. The only ones worth your time are the ones where the hosts actually disagree on air.

let's just say we have become even more bullish about our business over time

@SalviaUnchained not sure what this has to do with bitcoin?

@haonan Basically bitcoin will add a zero or two over the next decade. No normie believes this yet, they have absolutely no idea that this is happening.

@malekanoms hmm... the markets would love airline subscriptions.. not sure the customers would?

@haonan Very cool analogy. The whole miles thing is bonkers too...tied to the broken swipe fee model in the US that I think is doomed one way (stablecoins) or another (regulation). I know this wasn't your main point, but your argument makes me think airlines should run on subscription?

@fastackl question: given the pace at which key research talent change labs and "trade secrets" diffuse which do you feel is the better analogue for boeing and airbus? choice 1: the labs choice 2: nvidia, tsmc, hyperscalars

@haonan What about Boeing and Airbus though. Are those not the closer analogue to the foundational labs?

@porridgg it's as if after Singapore Airlines buys the new A380s, AirAsia gets to buy their A380 at 1/20 the cost a couple months later

@porridgg distillation allows a fast follower to catch up to frontier capabilities quickly and for much cheaper

@blockchainjames not sure they need shitcoin tokens!

@haonan AI needs our tokens as much as we need the AI tokens 👀