Financial Data and Key Metrics Changes - In Q3 2025, revenue reached $419.5 million, reflecting a 25% year-over-year growth, while adjusted EBITDA was $61.2 million, representing a 15% margin [18][34] - Send volume grew 35% to $19.5 billion, with send volume per active customer increasing 11% year-over-year [18][19] - Quarterly active customers increased by 21% year-over-year to nearly 8.9 million, maintaining strong retention levels with a day rate of 2.15% [19] Business Line Data and Key Metrics Changes - Remitly Business saw a near doubling of business send volume sequentially in Q3, with nearly 10,000 businesses now using the platform [9][21] - High-amount senders experienced over 40% year-over-year send volume growth for customers sending more than $1,000, with a mix increase of over 200 basis points [12][21] - Flex, the flexible funding solution, had over 100,000 active users by the end of Q3, with revenue nearly doubling sequentially [13][22] Market Data and Key Metrics Changes - U.S. revenue grew 28%, while the rest of the world grew 20% year-over-year, reflecting a sequential deceleration due to tough comparisons [19][20] - Revenue from regions outside of India, the Philippines, and Mexico grew 31% year-over-year, with Mexico's receive revenue growth outpacing overall revenue growth [20][21] Company Strategy and Development Direction - The company aims to expand from being a leader in money movement to capturing a larger portion of the $22 trillion total addressable market [6][8] - Strategic investments in new customer categories and products, such as Remitly Business and Flex, are expected to drive sustainable revenue growth and margin expansion [10][16] - The upcoming federal remittance tax on cash transfers is anticipated to benefit the digital-first model, enhancing the competitive advantage [16][33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position and growth potential, highlighting the strong foundation built in 2025 [16][33] - The company expects revenue growth in the high teens range for 2026, influenced by new products and customer categories, despite potential immigration headwinds [33][34] - Management emphasized the importance of balancing growth with disciplined execution and maintaining profitability [39][40] Other Important Information - The company reported a GAAP net income of $8.8 million, a significant improvement from the previous year [29] - Stock-based compensation was $40 million, approximately 9.5% of revenue, reflecting a decrease compared to the previous year [29] - The company repurchased $11.9 million of shares under its $200 million authorization, demonstrating confidence in future growth [29] Q&A Session Summary Question: Insights on 2026 outlook and assumptions - Management highlighted strong execution in 2025 as a foundation for 2026, with optimism about the remittance tax and new product contributions [36][37] Question: Incremental margins and spending strategies - Management discussed maintaining a balanced approach to capital deployment, focusing on driving growth while managing expenses [39][40] Question: Economics of new products like Flex - Management provided insights on the credit profile of Flex, noting a 90% current balance and minimal charge-offs, indicating strong performance [51][54] Question: Comparison of Remitly Business to high-dollar senders - Management explained that Remitly Business has seen significant growth, with average transaction sizes roughly double those of core consumer categories [58]

Tokenized Assets Overview - The Ethereum network holds approximately $200 billion worth of tokenized assets or Real World Assets (RWAs) [1] - The report highlights the fastest-growing RWAs on Ethereum, including stablecoins and tokenized funds [1] Growth Metrics - The analysis is based on the 30-day growth percentage in market capitalization of these RWAs [1]

XDC Network Updates - XDC Network partnered with Dow Maker, a leading launchpad, integrating the XDC blockchain into its ecosystem to enable XDC native projects to raise funds [4][5] - Enigma Securities now allows institutions to trade XDC, increasing exposure to institutional players [8][10] - Generation Infinity highlighted XDC's activities in October, including the Contour acquisition and a $10 million surge liquidity program [11][15] Contour Acquisition - XDC Ventures acquired Contour Network, a Singapore-based digital trade finance platform focused on digitizing letters of credit and cross-border documentation [16][18] - XDC Ventures plans to restructure Contour's strategy, including launching a stablecoin lab for regulated stablecoin issuance and settlement [19] - Contour will integrate the XDC network as its settlement and tokenization layer, supporting Circle's USDC stablecoin for faster, lower-cost cross-border transactions [20] Trade Finance Focus - XDC is focused on trade finance, aiming to revolutionize paper-based processes and traditional tech stacks through digitization [3][34] - Contour delivers digitized trade finance solutions that simplify letters of credit and documentation through blockchain transparency and real-time processing with a smart settlement layer powered by tokenization and stablecoins [24] - Contour enables instant letter of credit settlements using regulated stablecoins on the XDC network, faster and lower-cost cross-border payments backed by Circle's USDC, and improved working capital efficiency [27][28] Contour's Connections - Contour has connections to major players like Yas City, Finra, and various banks and corporates, including HSBC, Standard Chartered, and Tata Steel [29][31][32] - Finra, connected to Contour, has over 8,000 customers worldwide, with 45 of the top 50 banks tied to them, moving $7 trillion in transactions daily [32]

Stablecoin Evolution - Stablecoins are evolving from crisis tools to financial infrastructure across continents [1] - Crypto's resilience is proven beyond bull markets in survival economics in Venezuela [1] Regulatory Landscape - Regulatory frameworks are solidifying globally, with Canada and Malaysia leading with clarity [1] Global Payment Systems - Africa and Asia are building payment rails while the West focuses on compliance [1]

MalaysiaCentral bank announces three-year tokenization roadmap through Digital Asset Innovation Hub. Targets SME supply chain financing, Shariah-compliant Islamic products, green finance, and 24/7 cross-border settlements. Working group explores MYR stablecoins and wholesale CBDC integration. Malaysia joins Singapore and Hong Kong in Asia's tokenization race.6/7 ...

This week in Stablecoins:• Citi partners with Coinbase• Visa expands to four new blockchains• Mastercard eyes a $2B Zerohash acquisition as traditional finance accelerates stablecoin integration ...

RT Token Terminal 📊 (@tokenterminal)🏦💹 Institutionally-backed stablecoins are scaling on @solana.PYUSD supply is up by 74.2% over the past month, while USDG is up by 39.1%.PYUSD is affiliated w/ @PayPal, while USDG is controlled by a consortium of (publicly listed) fintechs, like @RobinhoodApp & @Bullish. https://t.co/JkKwk5GZoq ...

Tokenized Assets Focus - The company aims to establish a central, reliable data source for stablecoins, tokenized funds, and tokenized stocks [1] - The company plans to introduce more RWA (Real World Assets) metrics, accessible via API, in Q4 [1]

BTCFi on Starknet is real.- Bitcoin Lightning payments- Lend/borrow- Trade- Stake- Earn yield- Mint stablecoins- Pay with a crypto cardAll available right now on Starknet.Still day 1 though, a lot more coming. https://t.co/Ppr0D2YGjD ...

The Office of the Comptroller of the Currency faces pressure from bank lobbyists as crypto exchange Coinbase demands a fair path into regulated finance. Two of Washington’s most influential banking lobbies, the Independent Community Bankers of America (ICBA) and the Bank Policy Institute (BPI), have urged the Office of the Comptroller of the Currency to block Coinbase’s application for a national trust bank charter. The groups filed separate comment letters to the OCC on Monday, warning that Coinbase’s a ...