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Circle doubles on IPO launch day under exceptional demand
Circle has 70% of their stablecoins on Ethereum L1 and L2s
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never been more bullish on crypto
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Wall Street soon goes crazy for stablecoins this is not just a centralized exchange (something they already understood) this is ONCHAIN finance. this is the FUTURE of finance they go one layer deeper and see 70% of USDC is on Ethereum they start studying it and say “oh wait, i get it- Ethereum is actually a different thing than Bitcoin. this is like a new financial internet. this is a good second bet in crypto to tap into this. Bitcoin is really more of a digital gold play. Ethereum is an onchain economy play. and i see BlackRock and a bunch of banks are building on it already. oh look, there are several Ethereum ETFs” you have weeks, not months to understand this
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Wall Street soon goes crazy for stablecoins this is not just a centralized exchange (something they already understood this is onchain finance. this is the future of finance they go one layer deeper and see 70% of USDC is on Ethereum they start studying it and say “oh wait, i get it- Ethereum is actually a different thing than Bitcoin. this is like a new financial internet. this is a good second bet in crypto to tap into this. Bitcoin is really more of a digital gold play. Ethereum is an onchain economy play. and i see BlackRock and a bunch of banks are building on it already” you have weeks, not months to understand this
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the way Ethereum wins won’t be on a hot ball of hype. that initial hype phase passed in 2017 for Ethereum in 2025, it will look like everyone adopting it, all at once. everyone building on it because everyone else is building on it. soon, the network effect is so strong and the relative security so strong that it is really the ONLY choice to build on for many. build somewhere else and you lose the chance for native interop, access to ETH and incredibly deep stablecoin liquidity, and 10 years of uptime then everyone realizes, “wait…everything…it’s built on Ethereum??” and that is when ETH moons into the stratosphere in a BTC 2017-style run as Ethereum shatters into the public zeitgeist can’t happen? look around, anon. it already is
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the best way to express the “oh jeez, i miss the days when Ethereum was just us cypherpunks here and TradFi wasn’t interested in it” is to just go build a bunch of wild, insane, permissionless shit with uses ETH as a SoV, not custodial stable coins. NO ONE CAN STOP YOU and guess what? because of how Ethereum works, now they can’t shut that shit down because they’re going to accept Ethereum as the trustless base layer they just legitimized the whole thing, lads
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