Everyone wants stablecoin infrastructure. @Ripple’s $200M acquisition of @RailFinancial is the latest in an arms race that began with Stripe’s buyout of Bridge. Regulatory clarity in the US from the GENIUS Act is helping unlock this M&A activity. Here are some of the deals. ⬇️

What are the safest stablecoins? Surprisingly, not the ones you'd think. That’s according to a nonprofit rating agency with SMIDGE rating criteria. 🧵🔽

▶️ Tether's Q2 2025 attestation is out, the first one published since the GENIUS Act. 78% of @Tether_to reserves are invested in US treasury bills, where direct holdings surpassed $100B for the first time. Almost 3% of reserves (~$5B) are still invested in undisclosed assets.

Excited to join @bluechip_org as an advisor and support the critical work they're doing for the ecosystem!

We are proud to welcome @c_spelliscy to our panel of advisors! 👏 Connor Spelliscy is the founder of @TheDRC_, a non-profit promoting decentralization as a fundamental characteristic of crypto. He also cofounded the largest blockchain industry associations in the US and Canada.

Celebrating 10 years of Ethereum! 🎉 Stablecoins are the killer app for crypto and @Ethereum is the home of stablecoins. The Ethereum ecosystem hosts almost 57% of stablecoin supply and settles over 60% of all transaction volume. Here's to 10 more.

➡️ @Ethena_Labs and @Anchorage Digital are partnering to issue the first stablecoin that is compliant under the GENIUS Act. But what does a GENIUS-compliant stablecoin even mean? Here are some of the key requirements that an issuer must follow under the new law. 📜

ICYMI in the midst of all the regulatory goodness last Friday… @bluechip_org ranked $RLUSD as the *#1* most trusted stablecoin in the market.

How stable is your stablecoin really? Bluechip's framework measures what truly matters to identify the safest stablecoins. Our ratings adapt as per reserves, scoring decentralization only for crypto-backed stablecoins where it's relevant, not for others. See how we rate. 📊

In the first episode of Bluechip Dialogues, sponsored by @bluechip_org, @tylercowen talks with me about the promise of stablecoins, why some frothy financial innovation is a part of a good system, and where @paulkrugman errs in his stablecoin views. Also at @spotify and @YouTube under Bluechip Dialogues.