Tokenized Equities & Financial Infrastructure - Tokenized equities are becoming a foundational primitive of the next financial system, similar to how stablecoins paved the way [2] - xStocks on Ethereum aims to provide permissionless, programmable, and globally accessible equities without traditional brokerage accounts [2][3] - The goal is to create open financial infrastructure where markets are always open, custody is not an obstacle, and access is not limited by geography [4] xStocks Features & Differentiation - xStocks are fully backed equities with 1:1 reserves, issued natively onchain, and redeemable/verifiable, not synthetic representations or derivatives [3] - The Ethereum launch leverages the ERC20 standard for composability, allowing integration with various smart contracts and applications [4] Market Impact & Future Vision - The structure of financial markets is rapidly changing, with assets like stocks, bonds, currencies, and treasuries eventually residing on public blockchains [5] - Kraken has achieved over $400 million in onchain volume, $45 million in AUM, and 25,000 unique holders on Solana [6] - The vision is to build an operating system for capital, an open network where financial primitives interact seamlessly [6]

USDC Usage on Ethereum - USDC 在以太坊上的使用量达到历史新高 [1] - 关键指标相较于 2024 年 1 月的低点增长约 300% [1] Transfer Volume and Count - 7 月份月度转移量为 7483 亿美元 [1] - 7 月份转移次数为 830 万次 [1] Company Scaling - Circle 是一家上市公司，市值约为 310 亿美元，正在公共区块链上进行扩展 [1]