Daren Guo

For consumers and businesses in developed markets like the US where financial access is relatively easy, the user experience differences are minimal, but for individuals and organizations in emerging markets in the global south like LatAm and Africa where domestic currencies are inflationary, the corresponding banking network via SWIFT is immature, and credit card penetration is lower, these web3 neobanks are often the only way for these nations to experience the same level of commerce and trade. Basic financial access should not be deterministic based on where you are born, and stablecoin-native neobanks are the catalyst needed to (finally) normalize this access. @ReapGlobal provides stablecoin-native card and payment infrastructure for many of these neobanks. Check us out or DM me!

I'm seeing a lot of discussion recently about a new generation of neobanks, built on top of crypto/stablecoins, and I don't really get it. Why is "instantly global" appealing for most consumers and small businesses? And what, specifically, do "modern" financial rails get you that existing rails and wrappers can't deliver? There are some edge cases where I can see the appeal. Like if you wanted to build a B2B neobank serving businesses that are multi-country and have complex payment needs. But for most bank customer segments, why would a Web3 neobank be superior to a Web2 neobank? To give a specific example, why is Phantom Cash better than Cash App?

Hanging out today at @Visa Payments in Motion event in Shanghai. Kudos to @Visa for the incredibly creative activation at Shanghai Fashion Week, hope I managed to blend in with the very well dressed crowd 👕 👗 I had a meaningful time digesting the insights shared around payments and SMB growth in China. China’s payments ecosystem can no longer be described as just advanced - it’s now a post-card, post-bank world where trust, identity and commerce are now rolled into a single experience. I’m also looking forward to the future developments around the digital yuan and tokenized deposits, and their impact on the payments ecosystem.

Excited to join @CantonNetwork @ZodiaCustody RD Technologies and more at this panel - expecting a great discussion at the event!

Let's go team! 🚀

And that’s a wrap on the workshop with Superteam Korea at Startup Village Seoul! 🎬 Thank you for everyone that came out! See you next Monday at Eastpoint Seoul 2025. Catch Felix Chung’s Roundtable: ‘Technological Infrastructure for Enhanced Stablecoin Transactions’ 🗓️ September 22, 2025 (Monday) ⌛ 12:30 PM - 1:00 PM

Its a big week ahead for @HyperliquidX 🌊 My take on the $HYPE is that with USDH bids closing, the winning proposal will indeed shape how stablecoins scale across the ecosystem. I’m excited to see which team takes it forward. Will it be @Paxos @fraxfinance @Agora or others? However, I’m more bullish about the future of native $USDC @circle, which is already driving adoption across chains, where $USDH now has the chance to make Hyperliquid the home for next-gen stablecoin liquidity.

4/ I think alot about the bridge between these infrastructures - businesses shouldn’t have to choose either or, but be able to move seamlessly across both rails depending on their needs. Dalio’s points highlight the macro forces shaping this shift. I sense the question for the next few years isn’t which rail will win, but how companies can navigate both safely and efficiently.

3/ I’m seeing two types of financial infrastructure develop: Centralised rails: dollar-based, bank-led, regulated, and widely trusted. The backbone of global commerce. Decentralised rails: crypto and stablecoin-based. Fast and borderless, but adoption is still uneven and regulatory clarity is growing, but with some way to go.

1/ Ray Dalio recently said that crypto has become a real alternative currency because of its limited supply—and that its appeal grows when the dollar weakens through oversupply or falling demand. He also noted that the risk with #stablecoins isn’t in their design, but in the U.S. Treasuries backing them—assets whose purchasing power can erode.

As we build @ReapGlobal , I continue to think a lot about this intersection of digital value, trust, and utility. Stablecoins are already transforming how money moves - and the infrastructure we build today will shape how inclusive and efficient this future becomes.

The right mix of regulatory shifts, technological innovation, and changing user preferences - could reconfigure the market. However, any realignment would need to overcome the massive network, liquidity, and trust moats they have built.

Is the future of stablecoins really destined to be an oligopoly?

It’s no surprise that Latam is becoming one of the top adopters of stablecoins. Pain points couldn’t be clearer and demand is high. But demand alone isn’t enough to drive adoption. You need the right supply: the right infrastructure players working together to bring the use case to life.

This list is representative of an excellent ecosystem of teams working towards making money movement more efficient, and giving Latam its due place in the global economy. Grateful to be able to do that with @ReapGlobal

@ReapGlobal ‘s building for a future to level this playing field, so that every business has the same access to financial services globally - from a founder in Lagos to one in London.

Stablecoin-enabled financial services won’t fix everything. But they offer an alternative to the existing legacy financial system, unblocking cross-border money movement regardless of where you’re building your business from.

The geography lottery still dictates who can participate in the global economy.