Niccolas
144 posts

Niccolas
@NiccolasEth
23 | Building tools & automations in crypto ⚡️
Katılım Eylül 2021
843 Takip Edilen452 Takipçiler

@BullTheoryio @jmp_verse Why should the stable coins be 100% backed, when traditional banks are allowed to hold only 10% of what they owe to their clients?
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BREAKING: The US government just created the first official banking rules for stablecoins.
The FDIC today approved a full regulatory framework for stablecoin issuers under the GENIUS Act. Here is what it means:
Every stablecoin must be backed 1:1 with real assets. If there are $1 billion worth of stablecoins in circulation, the issuer must hold $1 billion in actual reserves without any exceptions.
Every stablecoin must be redeemable on demand at face value. If you hold $100 in stablecoins, you can always get $100 back.
Reserve assets cannot be rehypothecated or reused. The reserves must sit fully segregated and cannot be used for any other financial activity.
Stablecoin issuers cannot pay interest or yield to holders simply for holding the coin. This directly affects yield bearing stablecoin products currently in the market.
If redemption requests exceed 10% of all outstanding stablecoins within a single 24-hour period, it triggers a significant redemption event requiring immediate action.
Stablecoin issuers must meet capital requirements and risk management standards similar to what banks follow. Quarterly reporting and CEO signed audits are required. Banks that hold or manage stablecoins on behalf of customers fall under the same rules.
One important clarification. FDIC insurance covers the issuer's reserve deposits at the bank level, not individual token holders.
Why this is good for crypto?
Right now stablecoins operate in a gray area. No clear rules means no trust from institutions, no trust from regulators, and no certainty for users. These rules change that. Regulated stablecoins backed by real reserves and covered by FDIC insurance become as safe as a bank deposit.
That opens the door for banks, pension funds, and large institutions to use stablecoins without legal risk. A regulated stablecoin market is the foundation that the rest of crypto needs to grow.


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@icanvardar Thats true. I’ve started coding during the era when AI stuff was not even close to relevancy. Nowadays I can say that AI is really useful, since I can deliver projects 4 times faster on average. Knowing what prompts to send and how logic should actually work gives me a superpower
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Just added NightMode announcements to @RebelsSalesBot
Thanks @NiccolasEth for the suggestion 🔥
Rebels Sales 🥷@RebelsSalesBot
Rebel #11509 entered the Night.
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A few days ago, I came across a collection that caught my attention: @rebelsbynight. I believe this project will be at the top with increased NFT activity! Their profile pictures are stunning, and I particularly love the customization options they offer. The community is also incredibly friendly. I couldn't resist, and today I bought and activated two NFTs from this project. Happy with my purchase! #NFT #RebelsByNight #Customization


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wow… what a ride it’s been. 2nd birthday in web3 , I feel old now 😂
Thank you so much everyone for the support and love. Appreciate you all around me and especially @Imaginary_Ones community and the team 🫧
This moments was special for me. Cannot even express how much🥹❤️

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@NFT_Mentor24 @Imaginary_Ones Haha havent tried to push my self like this since this one, almost had a heartatack 😁😂
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@NiccolasEth @Imaginary_Ones Thats quite nice ! My pr was i dont remember floors but was 2 hours and 15min but my knees hurt after that 😂 not doing it anymore
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69 floor a day will boost your metabolism and confidence 💥
For the culture 😂🔥
Manifesting @Imaginary_Ones 69 eth FP 🙏🏼


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whoa! I'm finally a Rebel! Bucket Hat is a serious vibe!
Huge thanks to @shantyadon & @DimensionGateVR for the introduction, background & history lessons. I've only seen & heard tremendous things from & about @nassyweazy - I'm thrilled to be a small part of such a committed/positive community🤝🍻

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@rebelsbynight don't have patches technology out yet, but I built something that would give a similar experience... 👀 Video in the comments 📹⬇️

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