Nick Cannon Profile picture
vp growth @gauntlet_xyz. poker → crypto ⇄ fintech.
Apr 1 7 tweets 2 min read
Some newly public info from Circle's CRCL Form S-1

$60M one-time fee to Binance who needs to hold $1.5B USDC minimum Image Splitting USDC basis points with Coinbase. Circle retains "a portion ranging from an annualized low-double-digit basis point to high tenth of a basis point" Image
Mar 27 7 tweets 2 min read
The full draft of the STABLE Act of 2025 was released yesterday. Thread will a few takeaways below

No yield-bearing stables Image Banks, credit unions, and approved nonbanks can issue Image
Dec 11, 2024 11 tweets 4 min read
Why is ~$135M USDC borrowed from Aave for 100 blocks on weekdays at midnight UTC? Image @aerafinance front-end supply rates have been far off the expected amount. Our devs began investigating and found an unexpected source of the data bug. Image