#Stablecoins are key to adoption, but which model will win long-term trust? 💵🔐 ...

Group 1 - Remitly Global, Inc. will present at a webinar and investor conference focusing on stablecoins and cross-border payment outlook [1] - The post-earnings webinar with Goldman Sachs is scheduled for August 13, 2025, at 1 p.m. Eastern Time [1] - The Goldman Sachs Communacopia + Technology Conference will take place on September 10, 2025, at 12:30 p.m. Eastern Time [1] Group 2 - Remitly operates in over 170 countries, providing digital financial services that facilitate cross-border payments [2] - The company aims to enhance its product offerings to fulfill its vision of transforming lives globally [2]

🇨🇳 LATEST: China told local brokers and other groups to stop promoting stablecoins, BBG reports. https://t.co/vAe0lu5yWE ...

Financial Data and Key Metrics Changes - Gross profit for Q2 2025 was $2,500,000,000, up 14% year over year, accelerating from 9% growth in the previous quarter [5] - Adjusted operating income was $550,000,000, up 38% year over year, with the highest quarterly adjusted operating income margin at 22% [5][14] - Full year gross profit guidance raised to $10,170,000,000, representing over 14% year over year growth [17] Business Line Data and Key Metrics Changes - Cash App gross profit growth reaccelerated to 16% year over year in Q2 [6] - Square's year over year gross payment volume (GPV) growth accelerated to 10% in Q2, with gross profit growth of 11% [10] - BNPL (Buy Now Pay Later) gross profit reaccelerated, driven by increasing attach rates for post-purchase BNPL on Cash App Card, which crossed 1,000,000 monthly actives in July [7][32] Market Data and Key Metrics Changes - Peer-to-peer volume reached $218,000,000,000 in the last twelve months [8] - Broad commerce capabilities generated $183,000,000,000 in volume in the last twelve months, growing 16% year over year [8] - International GPV growth accelerated to 25% year over year [11] Company Strategy and Development Direction - The company is focused on increasing product velocity and ramping up go-to-market investments [3] - The strategy is oriented around driving strength in four pillars: peer-to-peer platform, commerce capabilities, banking solutions, and Bitcoin transactions [8] - The company plans to continue expanding Square Financial Services originations and explore deeper engagement strategies [7][26] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to ship products faster, contributing to overall network growth and customer engagement [22] - The company raised guidance for the second half of the year, expecting continued acceleration in gross profit growth [25][14] - Management highlighted strong early signs of growth from new products and initiatives, particularly in Cash App and Square [68] Other Important Information - The company was added to the S&P 500 this quarter, welcoming new investors [18] - The launch of new products such as Square AI and Cash App features is expected to drive future growth [6][10] Q&A Session Summary Question: Insights on growth conviction and visibility for the second half - Management indicated that product shipping velocity is a key factor, with recent launches contributing to network growth [20][22] Question: Details on Cash Card post-purchase BNPL - Management noted strong early signs of growth, with post-purchase BNPL crossing 1,000,000 active users and significant gross profit acceleration [32][34] Question: Trends in Cash App banking actives - Management reported continued growth in banking actives, with a focus on enhancing customer engagement and banking benefits [41][44] Question: Returns on Square sales efforts - Management highlighted strong growth in new volume added and positive returns on investment from expanded sales efforts [48][50] Question: Gross profit and GPV growth spread - Management explained that near-term dynamics are impacting gross profit, but they expect alignment between gross profit and GPV growth moving forward [54][56] Question: Cash App user growth strategies - Management discussed focusing on network density and innovative marketing campaigns to drive user growth [58][68] Question: Evolution of the Borrow product - Management reported strong performance in Borrow, with significant origination volume and healthy margins [73][77] Question: Observations on new hardware rollout - Management expressed excitement about the Square Handheld and its potential to drive customer acquisition across various commerce types [82][88] Question: Philosophical thoughts on stablecoins - Management stated that they will support stablecoins if they are widely used, emphasizing Bitcoin's unique properties as a currency [92][94]

RT Token Relations 📊 (@Token_Relations).@0xPolygon Labs CEO @0xMarcB is targeting institutional-grade tokenization & RWAs as the market heats up"We're trying to go beyond money market funds and instead look at ones that generate higher yields and are different from stablecoins" https://t.co/oo17IS4OhX ...

Core Insights - Remitly delivered strong Q2 results, exceeding expectations in both revenue and net income, leading to a significant increase in stock price [1][3][7] Financial Performance - Revenue grew by 34% to $411.9 million, surpassing expectations of $384.5 million [3] - Net income reached $6.5 million, a turnaround from a loss of $12.1 million in the same quarter last year, translating to a per-share profit of $0.03 [4] - Adjusted EBITDA increased from $26.2 million to $64 million [4] Customer and Market Growth - The company reported a 40% increase in send volume, totaling $18.5 billion [3] - Quarterly active customers rose by 24% to 8.5 million [3] Future Outlook - The company raised its full-year revenue guidance from $1.57 billion to a range of $1.61 billion to $1.62 billion [6][7] - Expected Q3 revenue is projected to be between $411 million and $413 million, indicating a growth of 22% to 23% [6] - A $200 million share buyback program was announced to help offset share-based compensation [7] Innovations and Strategic Initiatives - Recent innovations include Remitly Business, expanding the addressable market from $2 trillion to $22 trillion, and the upcoming Remitly One membership program [5] - The company is leveraging new technologies such as stablecoins and agentic AI to enhance services and explore new markets [6]

Market Trends & Crypto Adoption - Crypto markets are currently experiencing a bull market [1] - The aperture for buying crypto is widening through various avenues, including treasury companies [2] - Public equity markets are significantly larger than crypto markets, leading to substantial money inflow into crypto assets [3][4] - The potential inclusion of crypto assets in 401ks represents a massive pool of capital for the crypto market [2] Bitcoin & Ethereum Analysis - Bitcoin is viewed as digital gold and a hedge against incessant money printing and bad fiscal policy [6] - Bitcoin's appreciation is expected to continue as long as governments spend more than they earn [6] - Ethereum's story is gaining momentum as a base layer of trust for various projects and industries, potentially becoming a currency itself [7] - Treasury companies are providing public market investors access to Ethereum, including staking yield and lending derivatives [8] Stablecoins & Competition - Stablecoins are primarily used for liquidity in crypto markets and overseas payments [11] - Circle and Tether currently dominate the stablecoin market [12] - Competition in the stablecoin market is expected to increase as major players like JP Morgan and PayPal enter the space [12] - Coinbase owns roughly 50% of Circle's USDC revenue flow [13]

In emerging markets, stablecoins are the new dollars.Explore the booming underground dollar economy👇Khurshed Murtazaqulov (@MKhurshed08):1/ The Underground Dollar Boom: Stablecoin Arbitrage in Emerging MarketsKey takeaways from my latest @MessariCrypto Pro reportStablecoins are growing fast in emerging markets.One of the biggest untold stories? Arbitrage.Here’s why that matters (and why it’s not bad for https://t.co/a6ghMI6Lus ...

The recently passed US legislation providing a regulatory framework for stablecoins marked a step towards the “next era of dollarization,” according to Treasury Secretary Scott Bessent. At the moment, the path to that era seems long https://t.co/X6gzExfHnT ...

Ethereum daily transactions reach new high, surpassing 2021 peak as stablecoins and ETH treasuries steer growth https://t.co/gn73mtL6hB ...