Aleph

In 2014, Bitcoin helped me send money from Seattle to my family in Lagos. It was a much better experience than Western Union (a foreshadowing of the power of stablecoins), but it was a painful and convoluted p2p flow, built for developers, not for everyday people. I’ve spent the last decade learning about and tackling this problem: Microsoft, Helicarrier (YC S18), Circle (USDC) and now Daya. Today, alongside @0xpeejay, I’m proud to announce @Daya_HQ: stablecoin rails for Africans moving money globally. We raised $2.4M to build it. Thanks to our investors. Led by @HivemindCap and with support from @lattice_fund, @alliance and @Aptos We won’t stop till our continent is fully connected to the global financial infrastructure.

@Abiodun0x He’s who Elon wants to be

@Abiodun0x Exactly lmao

Elon can’t beat him at this game. He tweets better and will keep wiping Elon in a tweet fight. He’s far better at tweeting.

Looking to talk to a few PMs/PMMs who are trying to improve their “AI Skills” (whatever that means to you). I’m building something on scouthappy and would love your feedback.

“Power in the tongue” people are winning soooo bad

@afalli Torrents are where people go to download movies and pirated software etc (I’m guessing this you know). But sometimes people put fake stuff there (malware, ads etc). In this case, whatever the Claude thing on the torrent website is is just an ad/scam

@afalli They don’t have an option than to include Fable in the $200 plans. People who cancel the $200 to switch to $20 won’t even spend the $180 on credits cos the rate is too high and barely scratches the surface. Tell will all just switch to ChatGPT

@afalli This is a torrent scam btw. Krish is making a joke by sharing

@bigbrutha_ Ultimate soln is going to be a Daya chain one day. Support biometrics-kyc + phone number ENS + AA wallets. You should be able to open metamask/cashapp, send 10 USDC to your mum who doesn’t crypto @ 09031415926.daya and she should get a text/WA that lets her click a link to claim

Seems Solana won?

@timmyisagod Did you say… orderbook?

OTC desks are still one of the most important pillars of this Stablecoin/Crossborder booming market, tens of millions of dollars are flowing through OTC desks every single day. Also roasted way to source liquidity in high volumes $100k - $5 million. What is coming close to this is Orderbooks

@iKillCuriosity @folasanwo Please, ask them to move to America. You Europoors don’t appreciate them enough.

@folasanwo Howwww? Let’s just park it up please. It’s really not that serious 😂

I don't mind cheats, it's innovators that stress me. Was at one Monopoly night when guys started setting up joint ventures to split rent and selling futures on properties. “After three rounds, I’ll buy Mayfair from you for £1,500. You get cash now.”

@TejuAdeyinka Incredible lmao

I…😅

@lanreadelowo @AyoOfHeaven @Daya_HQ @Plasma Our new app, Daya Borders will be ready next week and you will be able to go from Naira to USD in Wise in a couple of minutes, IA.

@AyoOfHeaven @Daya_HQ @Plasma Phew. I thought I was under a rock since forever 🤣🤣🤣🤣

I may have found a cheaper (but slower) route. @Daya_HQ > @Plasma

@matthuang Congrats Matt

Paradigm’s 4th fund $1.2B to invest and build in crypto, AI, robotics, and other areas of the technical frontier

Thoughts on Stablecoin yield >

Well written and researched article. I’m glad you wrote it. You’re a bit wrong about some ideas/concepts though 1. You kind of mix up the concept of “distribution”. There are essentially two ways you use distribution without really clarifying which is which sometimes: (a) having a distribution platform/direct relationship with users (Metamask, Coinbase etc) (b) having a network of distributors you work with and bribe via yield I think in general you’re trying to make the point that having (b) doesn’t give you a moat, which is true, but I think sometimes it’s not clear since (a) are the real distributors. But yeah, you’re right. Abig worry of players like Circle is actually “given that we don’t control the relationship with the user and it’s controlled via a, how do we build a moat. In that context, for instance, Circle doesn’t think of themselves as “having a distribution moat”. (2) In the context of Tether, wallet install base isn’t really a high switching cost. Switching costs are about the cost “individual users” pay to switch not “the coordination problem”. ie it’s expensive for you to change your barber, it doesn’t matter how many customers your barber serves. Tether’s moat in this context is the deep liquidity + a little bit of network effect (which you do reference). Deep liquidity is actually underrated in stablecoin circles for understanding tether dominance; but the fact that almost all crypto pricing is done against usdt and the orderbooks are built around this is hugeee. Liquidity has insane power law behavior. Right now, the two moats that exist go stablecoin issuers are (1) liquidity depth — this is tether’s actual moat. It’s actually incredible how difficult it is to usurp. And it’s underrated outside of “global market maker” circles (2) “Compliant brand”. Folks like Bridge, Brale still prioritize using usdc with their banking relationships: ease of minting/redeeming, banking infra etc. Number 2 for circle is interesting since they still depend on distributors (technically, developers should be the word here) but in this case, the developers have less leverage than the distributors who Circle tries to woo with yield. Nice job with the article though. Big fan of Nigerians digging deep on stuff like this.

Spent my weekend writing a piece arguing that distribution isn't the stablecoin moat everyone's calling it. The real moat is switching cost, and it can be measured onchain. A few brain cells were traumatized in the process but good thing the World Cup was there to blow off steam. Nothing beats a solid hate-watch of Brazil crashing out after snubbing our Star Boy João Pedro. Full piece. 👇

When Waymos are stuck, some human being somewhere needs to move the car around. The interesting question with these things is less if humans disappear entirely, and more “what happens when AI is responsible for 99.99% of generated intelligence in the universe.”

I was honored to speak on behalf of @Daya_HQ at the Nigeria–EU Business Forum in Lagos. It was an important room: policymakers, investors, development institutions, and private-sector leaders coming together to discuss investment, digital transformation, regulatory reform, and the future of the Nigeria–EU partnership. For startups, this matters deeply. Policy should not only happen after innovation has already moved. The best outcomes happen when founders, operators, regulators, and investors are in the same room early on, shaping frameworks that protect consumers, unlock investment, and enable responsible innovation. At Daya, we’re building the financial engine for Africa’s businesses: unified payment infrastructure, real-time FX, stablecoin rails, and modern treasury management. As African businesses become more global, the conversation around payments, digital assets, compliance, and cross-border financial infrastructure needs startup voices at the table. Grateful for the opportunity to share Daya’s perspective and contribute to these conversations.

@TejuAdeyinka Lit 🔥

AI is changing the bargain that enabled high-volume, low-cost digital work to freelance platforms for Africans. But it also potentially makes new, higher-value forms of work more accessible. I wrote about that shift here: open.substack.com/pub/tejuadeyin…

@ConfusedSith What’s this and why is it important?

Finally. Congratulations to whoever on the Grey team that made this happen

Come talk to us on Tuesday, June 30 @ 5 pm on our community call. Learn more about Pro by Daya, our flagship liquidity product for Market Makers, OTC desks, P2P traders, and crypto trading professionals.