RT s4mmy (@S4mmyEth)This is a thought provoking statement for a Sunday.Centralization risk is the ‘elephant in the room’:i) If ETH’s economic security (staked ETH) is dwarfed by the total value of stables it secured, there’s a theoretical imbalance.But some may initially think that stables are just tokenized RWAs (USD mostly). Controlled centrally by Tether, Circle, etc.So why would someone perform a 51% attack on the network to seize freezable assets?Not the issue here.ii) Is there a business risk for stab ...

Centralization Risk & Economic Security - Ethereum's economic security, measured by staked ETH, may be insufficient to secure the total value of stablecoins it supports, creating a theoretical imbalance [1][6] - Stablecoin issuers like Circle and Tether might need to become significant ETH holders to ensure the security of their on-chain assets, potentially leading to centralization risks [2][6] - Centralization risk is a major concern, as these entities could exert undue influence, politically or otherwise, if they become the largest ETH holders [2] Decentralization & Governance - The industry acknowledges that a completely decentralized future, as envisioned by Satoshi, is unrealistic, with governments and corporations accumulating BTC [2][3] - Circle and Tether could accumulate DeFi tokens to influence governance decisions on protocols, creating an illusion of decentralization [3] - Governance caps for giga whales when voting on protocol proposals may be needed [5] Regulatory & Market Solutions - Regulators may need to intervene to ensure disclosure around influence or control, similar to traditional financial systems [4] - Ethereum's market capitalization needs to increase through broader adoption, staking, and price appreciation to address the imbalance [4] - World Liberty Financial (WLF) is hedging its risk by holding both TRX and ETH [5] - Deeper network security features are needed to reduce the need for centralized entities to accumulate ETH to manage their risk [5] Stablecoin Dynamics - The rate of stablecoins minted on-chain could drive ETH price appreciation, unless other chains like TRON become preferred for stablecoins [4] - Decentralized stablecoins need to gain traction as a potential solution [5] - The current situation where a $300 billion market cap secures $1 trillion in stablecoins is unsustainable based on proof-of-stake economics [6]

two weeks to bill drop.@kyle_chasse shows Genius Act at 89% passage.stablecoins print $10B yearly, ETFs pull $769.5M weekly, corps stack sats. ...

Crypto Adoption in Sub-Saharan Africa - Sub-Saharan Africa accounts for 2.7% of global crypto transactions between July 2023 and June 2024 [1] - Nigeria ranks second globally in crypto adoption, following only India; Ethiopia, Kenya, and South Africa are also significant players [1] - Stablecoins account for almost half of the region's total transaction volume, driven by their utility as a workaround for currency shortages [2] Stablecoins Market Dynamics - Stablecoins have a market capitalization of approximately $250 billion [3] - Estimated $5 trillion in stablecoin transaction volumes were settled last year [3] - About 50% of blockchain activity is related to stablecoins, with similar percentage observed in Africa [3] - Yellow Card has processed approximately $6 billion in transaction volume in the last several years, with 99% in stablecoins [4][5] Regulatory Landscape - Several African nations are developing digital asset regulatory frameworks, with some already established [6] - Kenya, Zambia, and Rwanda published draft legislation in March [6] - Morocco, which banned crypto transactions since 2017, recently presented draft legislation to lawmakers and the central bank [6] - Kenya's Finance Committee invited Yellow Card to help draft digital asset legislation [8] Market Influences - 70% of African economies have faced crisis levels of U S dollar liquidity in the last year [10] - Approximately 80% of intra-Africa payments are cleared outside the continent in U S dollars [11] Central Bank Engagement - The Central Bank of Ghana is working closely with the ecosystem to gain insights on innovation within the digital asset space [13] - The Central Bank of Ghana collaborated with stakeholders for over a year to establish a balanced policy framework [14] - A crypto chamber in Ghana is focused on consolidating the fragmentation between the ecosystem and the central bank [20] Interoperability and Financial Inclusion - Interoperability is crucial, especially between francophone and anglophone countries [17] - Stablecoins are important for interoperability and integration with potential CBDC projects [18] - Digital assets promote financial inclusion, particularly for the unbanked population [18]

RT Token Terminal 📊 (@tokenterminal)Stablecoins amount to 1.1% of the US dollar supply.Many stablecoin startups will contribute to this ratio getting closer to 100%. https://t.co/XmWxj7sYUP ...

🇺🇸 NEW: Stablecoins make up 1.1% of the U.S. dollar supply, with startups set to drive further growth. https://t.co/fXuaC7adzk ...

Stablecoins amount to 1.1% of the US dollar supply.Many stablecoin startups will contribute to this ratio getting closer to 100%. https://t.co/XmWxj7sYUP ...

Crypto Market Overview - Institutional investors see tremendous opportunity for leading onchain businesses to form a new category [1] - The report focuses on Bitcoin, Stablecoins, and Altcoins [1]

RT RYAN SΞAN ADAMS - rsa.eth 🦄 (@RyanSAdams)Stablecoins on Ethereum hit all-time high of $135B.@fundstrat calls stablecoins crypto's ChatGPT moment - he says that value will accrue to ETH.Treasury Secretary Scott Bessent predicts stablecoins to $3 trillion by 2030.Ethereum = world ledgerETH = world reserve asset ...

Industry Collaboration - Japan's first digital bank, Minna Bank, is collaborating with Solana and Fireblocks [1] - The collaboration aims to test stablecoins [1]