cduffus Ξ
2.6K posts
cduffus Ξ
@cduffus
Financial genius, legendary payments industry entrepreneur, wireless luminary, early crypto, patent holder and currently looking for the next big thing.
Many thanks to @johnauthers and @annerquaye for including some charts from a recent @asr_london note to clients in their @opinion article. John noted that "Over history, whenever earnings have risen like this, they have always brought interest rates up with them."
Stablecoins aren’t the side story anymore. They’re becoming the financial layer for global markets. Introducing Stablescape - a live dashboard tracking how stablecoins are actually being used across the world. 3,929 companies tracked across 12 categories, 7 regions, and 136 countries. Check it out here: stablescape.xyz
Money is being re-architected in real time. Now the people writing the rules are stepping on stage: Chairman Travis Hill — @FDICgov. With the GENIUS Act underway, stablecoins are no longer a side story — they’re core financial infrastructure. 📍 Washington, D.C. 📅 Sept 9–11 Welcome to the Epicenter: Money Moves Here. Also featuring: @ShanAggarwal (@coinbase) @anthonysoohoo (@MoneyGram) …and more to come. Save $200 off your pass with the code MONEYMOVES. 🎟️ hubs.li/Q04f1lJg0
Save the date: 28th April 2026, 7 PM EAT Join us at the Founder Stage next Tuesday, hosted by @CeloDevs and @Celo, featuring @cduffus, Founder & CEO, Fonbnk. Learn more about the new Pay Bills & Buy Goods by Fonbnk x @minipay
BREAKING 🚨: Blue Owl Capital, $OWL, one of the most prominent names in private credit, has seen its stock implode to under $8 as investors rush for the exits faster than the fund can pay them out. The firm was hit with over $5.4 billion of redemption requests in the first quarter alone. Withdrawal requests at its tech-lending fund reached 40.7% of the fund's $3 billion value, and requests to exit its marquee $20 billion direct-lending fund surged to 21.9% of fund value. Blue Owl has limited redemptions from both vehicles at 5%, effectively keeping investors' capital locked in. $OWL is down -8.2% today, -23% in the last month, and -61.2% in the last year. This isn't an isolated event. The contagion is spreading across private credit broadly, with firms including BlackRock, Morgan Stanley, and Cliffwater all capping fund withdrawals in recent weeks. U.S. private credit defaults have reached a record 9.2% according to Fitch Ratings, more than double the 4.5% default rate in the broadly syndicated loan market. When the tide goes out, you find out who was swimming naked, and the structures that were sold as "permanent capital" are revealing themselves as anything but. For more on Private Credit, read Hedgeye Financials Sector Head Josh Steiner's @HedgeyeFIG breakdown: app.hedgeye.com/insights/17940…
