Joao Reginatto
@reginatto
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Creating the universal stablecoin platform @m0 | Formerly head of stablecoin products @Circle - Built $USDC.
Internet
Joined November 2008
Stronger together. 💪🏻 @m0 looking good on DefiLlama as the 12th overall stablecoin supply (in aggregate). Do you want to go alone with your stablecoin or join a network of liquid, interoperable products?
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I caught up with @LucaProsperi at Token 2049, and he made a case that stuck with me: "To any entrepreneur who wants to build in this space, I suggest to spend time here. I don't think there's a more profitable place to spend time on." Big claim. So I asked him why. "People
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Open roads, open standards, open platforms. We all have the chance to be on the right side of history. Great message, as usual @ccatalini .
Some people see crypto as tech. We see it as freedom. The freedom to build without asking permission. Do we build higher walls, or do we build open roads? History remembers only one of those choices.
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Why am I cozying up to my fellow alt L1’s? Because our decentralized survival depends on it. The fact is: the Ethereum/L2 model is incompatible with a diverse, decentralized, multi-chain future. This is both a complement to Ethereum/L2’s, and a call to action for alt L1’s
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Since we're on the topic of pardons, when is @POTUS pardoning Roman Storm?
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The power in stablecoins isn’t in issuance - it’s in distribution and liquidity. Traditional finance still confuses issuance with power. Tether proved the opposite: dominance comes from controlling liquidity and distribution. At M0, we see distribution moving to the
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Just a question for current DeFi devs: How can you be so sure you won’t be charged by the DOJ as an MSB - for building a non-custodial protocol - and then accused you should’ve built it custodial instead? If SDNY can charge a dev for building a non-custodial protocol… who’s
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We are the 99%
Starbucks doesn't need a stablecoin. They already get yield on $2B customer deposits. But it was hard for them to do it. It's the 99.9% other companies who want the same revenue source who would benefit They can now do it in weeks w @crossmint + @m0
https://t.co/7wtjZvtEac
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That's how it feels
crypto is 5 guys building and the other 500 telling them how to build
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@reginatto @hosseeb Can confirm. Was taking calls Friday and over that wknd from the known MM's and OTC's. All were buying in the markets below par, and redeeming with Circle at par. Cash could not be transferred via SigNet & SEN so redeemers had to wait for Mon AM. What was not available that wknd
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@Bernardo_Defi @hosseeb You are missing the point, Bernardo. The point is it's very silly to split hairs (especially with wrong facts) to claim Ethena didn't depeg. USDC did depeg back in March 2023. USDT did depeg multiple times over the years. And Ethena did depeg on Friday. In all those cases the
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"During the banking crisis, USDC traded down on every single venue. There was *no* place where you could buy USDC for $1. Redemptions were literally halted, so $0.87 was the *true* price. That’s what a depeg means." Utterly incorrect. We're rewriting history now.
Did Ethena Really Depeg? I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. Here’s the Binance chart everyone is quoting: But digging into the data and talking to a bunch of
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So we want private blockchain transactions. But we love the transparency that let us see whales shorting the market before the crash. Which one is it?
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I can confirm this is true. I would add @LucaProsperi and @g_dip are one of the most relentless founders I've seen. They aren't going to stop at anything. M0 isn't going to stop at anything.
At M0, we judge each other on three levels: • Belief in our mission • Skills and work performance • The attitude brought to work every day None of these is any more important than the others. People who excel at all three are compensated generously. They are the hardest
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Not kidding, these are once in a lifetime opportunities.
We’re hiring across the board at M0 🌎 At M0, we’re building the digital money infrastructure of the future. It’s as hard as it gets and we’re up against one of the most entrenched industries in history. If you’re up for the challenge, there’s nowhere else you should be. Check
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Real ones know
I will say the quiet part out loud that you hear if you are in the trenches. @m0 pioneered a novel digital dollar infra model that delivers a network of truly interoperable stablecoins. Ethena, Bridge and others are now catching up to the concept, and obviously copying some
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I will say the quiet part out loud that you hear if you are in the trenches. @m0 pioneered a novel digital dollar infra model that delivers a network of truly interoperable stablecoins. Ethena, Bridge and others are now catching up to the concept, and obviously copying some
Had a blast with @LucaProsperi diving into the future of stablecoin issuance. The M0 team is pioneering a model built on interoperable shared liquidity from first principles and likely the default framework for stablecoins going forward.
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❤️
"We actually looked at a whole bunch… but it’s the sheer depth of stablecoin & DeFi knowledge, the team, and capability that they have and the way they’re thinking about it that’s extraordinary." 👆 That’s why @KASTcard chose to build on M0. This is how application-centric
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🦊🚀
.@MetaMask USD has surpassed $101M in supply. mUSD is a native digital dollar for the MetaMask wallet and ecosystem, built on M0’s universal stablecoin platform. Launch your own stablecoin on M0 and join the builders who are making a dent in the world. https://t.co/kZpJ14rwQL
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Great analysis. Love to see these coming up organically. M0 is the way.
I hope you've found this thread helpful. Follow me @p_e for more. Like/Repost the quote below if you can:
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