Sebastian Marshall

@ItzSuds Still missed the most important one lol

*Taps Sign* reposting my best tweet ever. A definitive guide to Bay Area High Schools and the people they produce

@rl_env It wasn’t like this at SHP

harker kids love telling you which FAANG their parents are directors at menlo kids are the same but with VC GPs

@gaspardlezin @a16z I think you removed us 😂

.@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.

@ravi_riley On some level it’s on neobanks to build direct deposit and convince people to opt in. Alternatively, being able to pay taxes in stable or tokenized deposit would be a huge unlock.

Please add: Stablecoin-native PEO/payroll companies Payroll providers are stuck using ACH, which takes 3 business days to deliver a paycheck. Stablecoin payments are instant and unlock novel ways to pay people. Who's building this?

@JoshuaKushner This guy knows ball

GENER8ION / Yung Lean youtube.com/watch?v=u-FxFD…

@shaig @chrisfralic As stupid as JP sunsetting First Republic

after 43 years, the SVB brand is being sunsetted

@TarlonKhoubyari Wayfare!

short list of the best places to host a dinner in sf: - arcana - lazy bear - the progress - foreign cinema - la mar - penny roma - flour + water (mission) - piccino (presidio) - dalida - park tavern

@dadiomov @ModernTreasury Very nice!

AI is unleashing creativity everywhere, including in videos. The quotes are real - the video is AI. We wanted to share what we're hearing from our customers and prospects about gaps in available payment offerings, and why we built full-stack payments. Check it out!

@Bfaviero + water

Tried this and now believe most GLP-1 usage could probably just be replaced with Psyllium Husk

@PodsFinance Hello

Onchain Credit Gap is the next frontier of Neo Finance. While payments and yields opened the first wave, credit is where the market gets deeper, stickier, and far more transformative. Two of the biggest signals are already clear: Private Credit and BNPL are emerging as some of the strongest onchain credit verticals, unlocking new ways for neobanks, fintechs, and digital financial apps to offer products more efficiently. At Pods, we’ve been mapping this landscape closely. That’s why we published the Neo Finance Credit Snapshot, a breakdown of where this market is heading, which models are gaining traction, and which players are already building in this space. If you want to understand where onchain credit is going, and who is shaping it, start there.

The cannon doesn’t hate the Byzantine empire, it just fires.

@sunny_jayaram Gooooo bears

Moids in SF at some dingy ass cafe talking about “the ratio is cooked” Meanwhile in Berkeley .. If u wanted good ratio u shoulda stayed/enjoyed it while in college

@dadiomov Great author, working through his bio on Greenspan

Weekend read

@DrCamRx Somewhere in Newport coast no?

I believe in manifestation. The harder I work, the more blessings suddenly appear. Comment if you can name this Village by the sea.

@ModernTreasury @tryPortola We see you John

The greatest payments infrastructure company in the world (featuring @marshallsebas & team from @tryPortola)

The greatest stablecoin credit company in the world (featuring @dadiomov from @ModernTreasury)

@segall_max Now this is GTM

Call your wallet by its name You can now name wallets in the Privy dashboard. Perfect for treasury use cases, making it easy for ops users to segregate and manage funds 🐂🐂

@willdepue It’s our most vital site! We’d be at a massive disadvantage if it was gone!

it would be extremely sad if Iran sent 15 HESA Shahed 136 drones to our top secret nuclear headquarters hiding as ‘The California Coastal Comission’ at 455 Market St (37.79091, -122.39864). just terrible! california would be ruined!

@segall_max Gigabeautiful

Baymaxxing 🐬🤩

@WillManidis Twin Peaks mentioned!