Handsfree
306 posts


.@a16z crypto dropped their stablecoin map 3 days ago. I spent the last 72h enriching it.
Not because they did a bad job they did a great one (ty Noah Levine). But the stablecoin backend is so vast that no single map can capture it. So I added 150+ players and broke out the categories I think deserve their own row.
𝗧𝗵𝗲 𝟰 𝗹𝗮𝘆𝗲𝗿𝘀 𝗜 𝗯𝗿𝗼𝗸𝗲 𝗼𝘂𝘁
Layer 1: On-chain credit. Stablecoins aren't just rails anymore. They're collateral. Morpho, Aave Labs, Maple Finance, Centrifuge are originating loans at scale. Tokenized treasuries (BlackRock BUIDL, Ondo Finance, Superstate) crossed $7B AUM. DeFi quietly eating the credit market.
Layer 2: Tokenized bank deposits. Not stablecoins. A parallel system. J.P. Morgan Kinexys (JPMD), Citi Token Services, BNY Mellon, HSBC, BNP Paribas, UBS Digital Cash. Banks aren't fighting stablecoins, they're issuing their own programmable money in parallel.
Layer 3: Agent commerce. AI agents transacting in stablecoins. x402 (Coinbase + Cloudflare), AP2 (Google), ACP (OpenAI + Stripe). 6 months ago this was a thesis. Now it's live protocols.
Layer 4: B2B accounting. Bitwave, Cryptio, TRES Finance. The plumbing nobody talks about until you need to close your books.
𝗪𝗵𝘆 𝗶𝘁 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗳𝗼𝗿 𝘆𝗼𝘂𝗿 𝗻𝗲𝘅𝘁 𝗽𝗮𝘆𝗺𝗲𝗻𝘁
Most "stablecoin maps" you see online are payment-rail-only. Issuers, on-ramps, wallets, blockchains. They miss the half of the stack where the most interesting things are happening.
The real shift isn't "can I send USDC faster than SWIFT." It's that an entire parallel financial system is forming, with credit, deposits, FX, accounting, and AI commerce all natively stablecoin-denominated.
𝗧𝗵𝗲 𝗽𝗮𝗿𝘁 𝗜 𝗳𝗶𝗻𝗱 𝗺𝗼𝘀𝘁 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗶𝗻𝗴
Card-to-Stable PSPs became its own sub-category.
Merchants accept cards as usual. Funds land in their USDC wallet in seconds. No FX markup, no T+2, no correspondent banks.
The players: @subyhq (what we're building), Stripe (via Bridge), BVNK, Inflowpay Worldpay and Triple-A.
Full map (3 slides) below ↓
Hat tip to a16z crypto for the original framework.
PS: I post weekly about stablecoin infra with Suby and the reality of building a payment startup. Follow for more.



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(Lack of) Privacy may the missing link for crypto payments adoption.
Imagine, a company pays employees in crypto on-chain. With the current state of crypto, you can pretty much see how much everyone in the company is paid (by clicking the from address). 🤷♂️
Coin Bureau@coinbureau
🎙️ NEW: CZ AND CHAMATH WARN PRIVACY GAP IS CRYPTO’S BIGGEST HURDLE Binance founder CZ and investor Chamath Palihapitiya speak on the lack of robust, native privacy protections fundamentally limiting Bitcoin and broader crypto from achieving true mainstream ubiquity.
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Handsfree retweetledi

🇬🇧 GILTS Stablebonds are now on @Loopscale.
Tokenised UK government bonds paired with @tokengbp’s tGBP on Solana’s leverage infrastructure.
Both sides GBP-denominated: collateral and yield.
etherfuse@etherfuse
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It's popular to dismiss non-USD stablecoins, but what is actually going on there?
📊 We're launching a local stablecoin report with @Visa - first comprehensive analysis covering 32 non-USD stablecoins, $1B+ market cap, $300B+ transfer volume. Coming end of Feb.
🔍 With this we're also launching a brand new stable coin dataset - enterprise data infrastructure tracking 200+ stablecoins across 30+ chains with transparent methodology. Launching in March.
Dune@Dune
JUST IN : In partnership with @Visa, Dune is introducing a Local Stablecoin Report focused on the growth of over 200 non-USD backed stablecoins worldwide. The release is accompanied by the most comprehensive institutional grade dataset on stablecoins currently available, built in partnership with @SteakhouseFi. Designed for Enterprise teams. Built for scale.
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@SubuTrade @KobeissiLetter @grok @grok during the 8 months were silver where up in 1980, what did gold do? and after the 8 months what did gold do ?
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@Rainmaker1973 Imagine this: The final gear will never, ever move even a single tooth in the entire future of the cosmos. Long before that, every atom in the entire universe will have decayed or been ripped apart by the heat death of the universe.
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Handsfree retweetledi
Handsfree retweetledi

If $ETH hits $5,000 before October ends, we're giving 1 ETH to 1 follower
Just follow @KuCoin_Web3 & engage with this post to qualify #GIVEAWAY

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Handsfree retweetledi

🏘️ The Ultimate RWA Map
60+ RWA projects mapped across tokenized real estate, private credit, commodities, and securitized debt.
The complete ecosystem breakdown showing who's building what and where capital is flowing in tokenized assets.
diadata.org/rwa-real-world…
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