John Wu 🔺
@John1wu
President @avalabs, open innovation @avax. @cornell @harvard alum. Views are of my own. Not financial advice.
Stablecoins are effectively a direct stimulus check for the underbanked in America. @SchwabNetwork @SecScottBessent @J_B_Horne
Youmio is now live on Avalanche! The first L1 designed specifically for AI agents. Their first app launches intelligent 3D agents (“Mios”) that evolve across games, apps, and digital environments.
We're excited to announce that the Youmio ecosystem will be living on it's own L1 in partnership with @avax 🔺 @youmio_ai is building the future of AI infrastucture: the first L1 focused on AI agents and agent-driven applications. More info below ⬇️
Yesterday, @YahooFinance’s @Joshuahlipton asked if I agree with the Bitcoin bulls Right now, Bitcoin is only about 10% the AUM of gold Demand is increasing: spot ETFs, digital asset treasury companies, public company reserves, states and nations More from my interview here:…
Great time with two of my favorites. @HadickM @Scaramucci @TheTieIO
With the GENIUS act passing last week @USOCC will now regulate standalone stablecoin issuers (@federalreserve @fdicgov @theNCUA will continue to regulate the institutions that they were overseeing) Issuers can expedite the approval process if they’re chartered banks We will…
A social media platform that generates value for users Read more: x.com/TheBlock__/sta…
1/ 🔓 NEW RESEARCH UNLOCKED 🔓 Arena V2 (@TheArenaApp) has evolved from a “social app comeback” to an integrated Social + Launchpad + DEX stack moving hundreds of millions in value. This is Arena and The Future of SocialFi. 🧵
A new standard for onchain settlement infrastructure. Designed with, and for, institutions. Read more from @TheBlock__: theblock.co/post/362754/re…
New joint statement from regulators… It doesn’t change much except the Travel Rule Banks are still responsible for due diligence + governance + customer protection But now they have to verify counterparties That means crypto custody isn’t just about holding keys It’s about…
Federal Reserve, FDIC and OCC clarify rules for banks holding crypto for customers in joint statement theblock.co/post/362533/fe…
DeFi investors now have direct access to municipal infrastructure projects in the US Using @avax to tokenize municipal loans, @ProjectiveFin has launched a $7M lending pool for solar energy installations across Illinois school districts As of last month, more than 4,700…
CreatorFi lets creators borrow against future earnings with real-time, meaning better access to capital and financial tools for the creator economy. This is fantastic for creators. techfundingnews.com/insomnia-labs-…
Today, The @DetroitPistons announced their new fan engagement program, Pistons Rewards, in partnership with, @uptop_xyz, powered by @avax. Similar to the program Uptop x Avalanche built for the Cleveland Cavs, Detroit fans can now earn loyalty points on everyday purchases like…
Just so everyone knows, The reward point name is Ponta and they have their own L1 on @avax.
BREAKING: 🇯🇵 $300 billion Japanese tech giant Mitsubishi to add Bitcoin trading to 100 million user reward points app.
Loved my time on the Tiger Sisters pod We talked about the advice I would give my younger self. Check it out: youtu.be/VuBM_XODr7A?si…
Mainstream interest in stablecoins and blockchain-related companies increased lately, especially following the Senate's passing of the GENIUS Act – a bill focused on rules for U.S.-dollar pegged stablecoin issuers. @John1wu, President at Ava Labs, shared the bull case for…
Stablecoins will actually reinforce USD dominance
Crypto is not a threat to the dollar. In fact, stablecoins can reinforce dollar supremacy. Digital assets are one of the most important phenomena in the world right now, yet they have been ignored by national governments for far too long. This administration is committed to…
The current system is a mess Global cross-border payments are slow and expensive, And it’s built on a network from 1973. Companies pay a fortune in transfers and exchange rates.. It’s like riding a horse instead of driving a ferrari. Stablecoins settle in seconds, not days…
Stablecoins do three big things: 1. Give us a single global transaction record after instant transactions 2. Cut out messy correspondent banking 3. Make commerce & treasury management incredibly simple for businesses