Building the future of money with USDC/Circle | Multichain Maximalist
Orlando, FL
Joined March 2020
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Jake Eaton retweeted
Soo…
Stripe, Meta, ICE, Shopify, Coinbase, Ramp, Cloudflare, WorkOS, Circle, Hyperliquid?
Am I doing this right @WillManidis ?
Or, just Meta
The benefits of abundant intelligence will accrue far outside of San Fransisco.
Spent the last year writing about capital, sovereignty, and the coming reordering of economic power.
THE COMMANDING HEIGHTS
Commanding-Heights.com
Jake Eaton retweeted
In September 2025, @krakenfx announced a partnership with @circle designed to deepen support for @USDC and introduce access to EURC.
Since then:
• Nearly 1B EURC was traded on Kraken (some months seeing more than 100M volume)
• EURC balances on Kraken grew from 4M EURC in Oct 2025 to more than 75M EURC by September 2026
• USDC Assets under Custody on Kraken saw a 30% growth
Crypto-capital markets now have a euro-denominated option to trade, manage liquidity, and fund accounts. And demand is clearly picking up. Check out the case study for more details.
Jake Eaton retweeted
USDC has the deepest euro-denominated trading liquidity
Liquidity has followed stablecoin trading toward USDC in Europe.
USDC/EUR order books are now roughly 40% deeper than USDT/EUR, with $27.3M sitting within 1% of the mid-price versus $19.3M for USDT.
USDC is now not only the more traded euro stablecoin market, but also the easier one to trade in size.
ALT USDC's Euro Order Books Are 40% Deeper Than USDTs
Jake Eaton retweeted
Will write more on this, but I suspect tokenization and RWAs will be a huge consolidating force in crypto.
Distribution is everything here. These tokens aren’t really fungible, and issuers have a lot of control over where they live.
People also underestimate the reputational side. Many tradfi asset managers will refuse to have their assets bridged to obscure, low-liquidity L1s, and they can enforce that.
You can already see it happening, and it will intensify: 3–4 chains will capture 95%+ of RWA flows. Over time, those same chains will pull in crypto-native flows too.
Jake Eaton retweeted
Circle Interop goes further: cirBTC and EURC join USDC on Circle Gateway.
Builders get one unified balance per asset with gas-free Nanopayments powered by Gateway. Use the same Gateway integration, with no changes for existing USDC users.
Explore Gateway: developers.circle.com/gatewa…
Jake Eaton retweeted
And just like that, EURC is the first euro stablecoin to cross €450M (~$500M) in circulation.
It just entered the top 20 stablecoins by market cap, the only non-USD one in the club. Onwards!
EURC is now the 3rd most spent asset on stablecoin cards. More than $70M in EURC was spent just last month. Total stablecoin card spending grew from $291M to $828.6M this year alone.
Jake Eaton retweeted
EURC & EUR are now a unified market and order book at @okx, allowing European users to trade in euros, move seamlessly between fiat and stablecoins, and tap into a single liquidity pool that reduces slippage and tightens spreads 🤝
We’re setting a new standard for euro-denominated crypto trading with EURC.
By integrating EURC by @circle into our unified EUR order book, EEA traders can access fiat and stablecoin liquidity through one market, another key step toward building Europe's leading financial app.
Read the announcement:
okx.com/en-eu/learn/okx-unif…
Jake Eaton retweeted
OKX is expanding euro-native trading with EURC.
Through @okx’s unified EUR orderbook, users can convert EUR to EURC 1:1, access EURC trading pairs, and manage activity in euro terms.
Another step toward making EURC more useful across Europe’s crypto ecosystem.
since this SOL went from $33 to $107 , BTC went from $22.4k to $83.5K
meanwhile ETH went from $1,636 to $2,462
funny enough the inflation worked out better for SOL stakers who not only outpaced ETH but got more tokens even after accounting for taxes.
crypto people obsess over metrics, i think because it feels more controllable. meanwhile it’s always been about supply/demand.
ETH supply is up about 1% since the Merge.
In the same time period:
> solana:So11111111111111111111111111111111111111112 supply grew 66%, from 354M to about 589M.
> ripple:native supply grew 27%, from 49.83B to about 63.1B.
> cardano:native supply grew about 10%, from 34.18B to about 37.5B to 38B.
> bitcoin:native supply grew 4.96%, from 19.15M to about 20.10M.
> ethereum:native supply grew 1.0%, from 120.52M to about 121.7M.
Jake Eaton retweeted
Stablecoin FX is coming on @arc
Matt Enslin (@stablenzo) of @circle sees FX trading as central to scaling non-USD stablecoins onchain. On this fireside with Theo C (@0xloth) of @morpho, he describes euro demand as venue led, citing derivatives exchanges adding euro margin collateral.
Jake Eaton retweeted
USDC and EURC dominate stablecoin card spending in dollars and euros 💵 💶
Most recently, @USDC made up at least ~60% of USD-denominated stablecoin card volume, and EURC ~92% of euro-denominated volume.
Great to see EURC's recent rise. It's now the third most spent stablecoin via card after USDC and USDT, growing from ~$1.9M to ~$70M in a year.
Thanks to @_JakeEaton for the flag! Source @Paymentscan
Euros onchain feel like they are heating up. EURC is expanding its utility to go after this market.
Jake Eaton retweeted
Absolutely massive
Every asset is going onchain
Prepare
*SEC STAFF ISSUES FAQS ON CRYPTO ASSET SECURITIES LAWS APPLICATION
*SEC STAFF: TOKEN BUYBACKS ON FUNCTIONAL PROTOCOLS DO NOT CONSTITUTE MANAGERIAL EFFORTS
*SEC STAFF: LIQUID STAKING TOKENS ARE DIGITAL COMMODITIES OR TOOLS, NOT SECURITIES
*SEC STAFF: MAINTENANCE, ENHANCEMENTS, SYSTEM GRANTS NOT CONSIDERED ESSENTIAL MANAGERIAL EFFORTS
*SEC STAFF: PROMOTING CRYPTO UTILITY WITHOUT PROFIT CLAIMS GENERALLY NOT AN INVESTMENT CONTRACT
Jake Eaton retweeted
the united states needs crypto in a way that your average person has zero understanding of
proliferation of stablecoins and tokenized stocks extends US Dollar dominance & in turn increases net buyers of US Debt at scale in a way that cannot be easily replicated
your benefit of being here & understanding this is a massive advantage that you should not take lightly
