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Stepan | squads.xyz
12.7K posts
Stepan | squads.xyz
@SimkinStepan
Joined January 2020
Replying to @LPFinance_ and @0xEdgarThey used it for key management- A fully self custodial, formally verified, stablecoin neobank on your phone, powered by Squads infrastructure securing $15B+ in value and @solana. This release is just the beginning.The new Fuse is here. A new home page. Four unified accounts. One seamless experience. It’s a redesign of how personal finance should work, setting the foundation for what’s next.
00:00 - The first cheeky pint purchased with @fusewallet, from @collision himself. Powered by @solana, @USDC and @stablecoin.
00:00 
- Reviewing the @colosseum hackathon submissions today. Particularly interested in payments and stablecoins tracks, tag a project in replies that I absolutely can’t miss and explain why.
- DAO trends I am excited about: - turns out hierarchy is good since it gets shit done - shifting from direct to representative democracies - working groups having autonomy in decision making over their area of focus lead to better governance
- Everyone’s building neobanks now. We’re building the infrastructure they’ll run on. The bank account of the future is self-custodial, programmable and onchain, with granular permissions and money movement workflows built in by design. With @multisig, we’re making it easy
- My main takeaway from reading all these tempo takes is that you all lost the plot. We got into crypto not to onboard stripe, we came here to build the next stripe. Enough with the threads, it’s time to build.
- Jupiter vs Airwallex
Replying to @chuk_xyzLike this: It's the Fat Wallet thesis but applied to remittances. Wallet apps control the flow and can partner with offramps as needed. Defi trading fees makes up the majority of revenue for crypto wallets today. FX could be similar for consumer neobanks - This week at Squads we: - crossed $1B in stablecoins secured - surpassed $4B in total stablecoin transfer volume - decided to move to the US - started development on [redacted] for agentic money workflows - hired GTM and support leads. Job's not finished but very bullish.
- Stablecoins won’t truly transform fintech because Jack adopts them at Airwallex (or even if Stripe or Uber do). They will because fintech founders now realize that with the right stablecoin infrastructure, AI tools, and some regulatory arbitrage, they can launch fintech companiesInvestors keep asking me about stablecoin, and how that can reduce FX fees; if you send money from USD to EUR, and the receiving end still requires to receive EUR in their bank, I can’t see any ways stablecoin can reduce fees - off ramping from stablecoin to recipient currency
- While you’re writing threads on corporate chains, I’m busy farming the tempo airdrop
