Cena Useless Dollar CoinUSDC

Circle Native $#USDC and CCTP V2 Coming to Starknet

1) Crypto market — global and growing. • Total market capitalization > $4T. • Mobile wallet users — all-time high (+20% YoY). • Active on-chain users: 40–70m (≈ +10m per year) • Total crypto holders: ~716m (+16% YoY). • Active addresses over 30 days: ~181m (−18% YoY). • Revenue-generating activity (fees): Hyperliquid + Solana account for 53% of fees by a16z metric among all crypto projects. • Developers: core — Bitcoin, Ethereum (+L2), Solana; interest in Solana +78% over 2 years. 2) USA: regulatory "thaw" and institutions. • GENIUS Act — signed and in effect (stablecoin law). • CLARITY Act — passed the House of Representatives (not yet law). • ETP on BTC/ETH: over $175B in real assets (+169% YoY). • DAT companies hold about 4% of BTC/ETH market issuance. • ETP + DAT ≈ 10% of BTC/ETH market issuance. DAT companies — public "digital asset treasury": hold crypto on their own balance sheets (like a "treasury"). Example: Strategy with BTC and Bitmine with ETH. And ETP - Bitcoin ETF and similar financial products. 3) Stablecoins — the "backbone" of on-chain economy. • $46T - raw transfer volume / $9T adjusted transfers over 12 months (+106% / +87% YoY). September this year: about $1.25T adjusted transfers. Adjusted transfers — "cleaned" transaction volume excluding bots/cycles (closer to real usage). • Stablecoin issuance = just over $300B; USDT + USDC = 87% of the market. • In September, Ethereum + Tron accounted for 64% of adjusted volume ($772B). • Already more than 1% of all dollars exist as stablecoins; issuers are the 17th largest holder of US government bonds (total > $150B). • By 2030, the stablecoin market could grow to > $3T. • Circle IPO. • Stripe announced plans to acquire Bridge (stablecoin infrastructure). • SEC documents: +64% mentions of "stablecoins". 4) DEX / RWA / DePIN / Memecoins / NFT. • DEX ≈ 1/5 of spot trading; futures grew almost 8 times (YoY). Hyperliquid is one of the drivers. • RWA: market ~ $30B (×4 in 2 years). • DePIN: frontier outside DeFi. WEF forecasts ≈ $3.5T by 2028. • Prediction markets (Polymarket/Kalshi): billions of $ volume monthly, nearly 5× growth since early 2025. • Memecoins: over 13m launches in a year; in September = −56% compared to January this year. Market cooling down. • NFT: volumes below 2022 peak, but number of unique buyers is growing. 5) Infrastructure almost ready for "prime time" • Total network throughput >3,400 TPS (transactions per second). 100× growth in 5 years! • Solana: low fees; ~ $3B annual revenue for native dApps; upgrades ≈ ×2 by year-end. • Ethereum L2: average transaction cost dropped from $24 (2021) to less than $0.01; activity shifted towards Arbitrum / Base / Optimism. 6) Privacy comeback. • Zcash shielded ~4M ZEC • Railgun > $200M/month; • EF launched privacy team; • Paxos × Aleo → USAD; • OFAC lifted sanctions on Tornado Cash. About 6.2–6.5m BTC are vulnerable! Public keys already exposed, equivalent to ~$750B at current prices; Explanation: If a "cryptographically relevant" quantum computer appears one day, it will be able to compute the private key from the public key (Shor's algorithms break ECDSA/Schnorr). 7) Crypto × AI • World (ex-Worldcoin): >17M "human, not bot" verifications (proof-of-personhood). • x402: emerging internet standard for AI agent micropayments (HTTP 402). Cloudflare + Coinbase launched x402 Foundation; idea — embed payments directly into web interactions (agents pay APIs/each other without cards and banks). • Gartner projects "machine client" economy up to $30T by 2030, but sector immaturity risks are very high.

3/ Horizon currently supports collateral from @SuperstateInc (USTB and USCC), @centrifuge (JRTSY and JAAA), and @circle (USYC), with backing from a network of leading partners including @chainlink, @Securitize, @Ripple, @vaneck_us, and @WisdomTreePrime. Stablecoin lenders can supply GHO, USDC, or RLUSD to earn yield from institutional borrowers.

@aave @chainlink @LlamaRisk 6/ Over $80M in stablecoins has already been borrowed on Horizon, with RLUSD leading the market at 61% of the total. GHO has recently started to see more aggressive utilization, overtaking USDC with over $20M in borrowed liquidity, while USDC currently sits at $13M.