Portable Identity for the Stablecoin Economy. Backed: @fabric_vc, @arbitrum, @Circle, @ripplexdev, @NEARProtocol, @Starknet Discl.: https://xitter.gq/t.co/o2snmnznCD
Joined August 2023
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Onchain finance has entered its OpenAI vs Anthropic same-day-launch era...
So it looks like both Mastercard (@BVNKFinance) and Visa (@stripe/@Plasma) launched the same product within a few hours of each other?
Verifiable Credentials (VCs) becoming the standard for KYC re-usability is one of idOS's core hypotheses from our initial thesis.
We have been building for this moment!
Some posts are a bit over-stated, but this is still a big step from US regulators to meet industry demands, and goes in line with what the EU is mandating in 2027 with eIDAS and QTSPs.
Read the bulletin: occ.gov/news-issuances/bulle…
With the insane growth that @arbitrum and @RobinhoodCrypto chain are experiencing in the last days, most of us missed Arbitrum One's 5 year anniversary few days ago...
Happy to be part of the Arbitrum family!
WE KNOW YOU'VE BEEN WAITING...
WE'RE PROUD TO ANNOUNCE...
📘ARBITRUM ONE📘
BRIEF YOURSELF BELOW 👇, WE'LL SEE YOU IN L2.
offchain.medium.com/mainnet-…
"The challenge is no longer creating new rails. It's connecting them."
Exactly. And connecting rails isn't only a money problem. Every connection is a user crossing a perimeter: new onboarding, new KYC.
Money rails connect value, but also need to connect users. That's what we build.
The challenge is no longer creating new rails. It's connecting them.
Today, Mastercard completed its acquisition of BVNK.
Together, we're helping customers connect digital and traditional forms of money through trusted infrastructure built for scale.
Learn more: mastercard.com/us/en/news-an…
Japan's biggest card network is opening its rails to stablecoins.
JCB (140M users, 40M merchants) signed an MoU with @circle to explore USDC for cross-border payments and in-store purchases.
Everyday money onchain needs reusable identity.
Let's look at the data: supply is down, but transacted volume went up to record highs in the same period.
May-June, the US$ value of stablecoin transactions rose 63% to an ATH $1.78T (Visa/Allium).
Supply down, but real activity up - that's what shows real onchain usage.
140+ banks, networks and wallets just backed Open USD.
The news isn't the coin - it's that stablecoins and onchain rails are now the standard for moving money.
Reusable identity is the core primitive that comes next.
Introducing Open USD: a stablecoin built for the internet economy, designed by the businesses growing it.
joinopenstandard.com/blog/in…
Agentic AI needs a secure data flow.
Agents route. Recipients read. That's what idOS enables.
idOS is your self-custodial, decentralized storage for personal data. When you share it, an access grant is created and your data is end-to-end re-encrypted to the recipient's key.
👇
We can attest to that (decentralized identity pun intended).
@provenauthority, @davidsrz and the rest of the team have been in the identity trenches for many years.
Looking forward to continue building together!
As @arrotu pointed out in the comments:
"Every overnight success is a decade of unglamorous decisions nobody saw. The credibility Billions has now is exactly because that work happened off-stage."
Here is our CEO and cofounder Evin McMullen @provenauthority telling the story of 10+ years of team effort and focused dedication that led to building a global protocol that governments and enterprises actually use.
We launched a portal for integrators and users to check the health in real time of all idOS components, apps and endpoints.
👉 Check it out: status.idos.network/
