TheDinarian
News • Business • Investing & Finance
Chris Larsen's Ripple Effect
December 01, 2023
post photo preview

Chris Larsen, cofounder and executive chairman of Ripple, a cryptocurrency company, has the Midas touch when it comes to making money and giving consumers more autonomy over theirs. In the mid-’90s, Larsen cofounded E-Loan, an online mortgage company, the first to allow consumers to access their FICO scores for free — a tool used by many lenders to determine if a person qualifies for a credit card, a mortgage or another loan. A decade later, he cofounded Prosper Marketplace, the country’s first peer-to-peer lending platform.

And like other Bay Area tech moguls — think Marc BenioffMark ZuckerbergSergey Brin, to name a few — Larsen is investing some of that hard-earned money back into the community. He made local and national news when he funded hundreds of high-tech surveillance cameras scattered throughout the City to help fight crime. He has financed TV ads to recruit police officers; provided grants to merchant associations to enliven retail corridors; and with his wife, Lyna Lam, and the Rippleworks Foundation, contributed $25 million to San Francisco State University, his alma mater. And just last month, Larsen and Gap board member Bob Fisher helped launch a $4 million advertising campaign — It All Starts Here — to help boost San Francisco’s tarnished reputation.

Larsen was born in San Francisco to a father who was an aircraft mechanic at SFO and a mother who was a freelance illustrator. He spent most of his childhood in Cupertino until he moved back to the City to get his B.S. from SF State. After graduation, he worked for Chevron and later earned an M.B.A. from Stanford University.

Recently, I sat down with the mild-mannered Larsen at his Ripple offices in the FiDi. We talked about transforming global finance, climate change and his unwavering belief in his hometown.

Meet Chris Larsen.

Tell me about this company, Ripple. Sure. So, we’re using blockchain technology. It’s one of the core technologies of where the world is going. Essentially a second internet, but instead of an information internet, it’s an internet of value. We think that’s a critical component if you’re really going to have a globalized world that works well for everybody.

That makes sense. Obviously, the whole world’s connected through data. There’s some issues there, but it’s brought the world together. People communicate for free anywhere. But with money — you wire money to Europe or to the Philippines — it can take multiple days. It’s incredibly expensive, and access is still blocked for billions of people in the world. So you have an incomplete global infrastructure. ... We’re making global payments that can move in seconds instead of days with no failure rates and extremely low costs so everybody can participate.

What was the origin of Ripple? Well, I go back now over 10 years, which is pretty early in the crypto markets. There was a group of people way smarter than me [who], when bitcoin got launched — in ’09 [and] caught on by 2011 — were fascinated by it, but thought it was too wasteful. It was kind of a head scratcher on why it had to be designed in a way that used so much electricity [due to the energy-intensive process of verifying computerized transactions]. So they felt they could build a better bitcoin in a system that used de minimis amounts of energy. And that’s what they did. I joined that project — before it was a company — in 2012 and went from there.

The industry has changed a lot in the last decade, I’m sure. And we’ve certainly seen dramatic volatility in the market in recent years. It’s a wild thing for a lot of reasons. It’s actually the first time fintech is global. Blockchain is, again, kind of a second internet, but for value. It’s global, it’s everywhere. That introduces a lot more dynamism. And it’s also dealing with money and value. So I think anytime you have that, you’re going to get the usual cast of characters as we read about in the press every day. Crazy characters, crooked characters, but also people doing some really groundbreaking work that will make things like remittances, cross border payments, and really the entire global economy work more efficiently. And that’s good for everybody.

Lots of eyes are on the trial of former crypto-billionaire Sam Bankman-Fried. What effect have his alleged crimes had on the industry? Oh, it was absolutely catastrophic. Not only because what he did was obviously wrong, but he was so political. He must have given $50 million, mostly to Democrats. And his mom [Barbara Fried] ran Mind [the] Gap [pro-Democratic super PAC]. So I think they were pretty skilled at politics. When it blew up, all these politicians that were in his corner had to almost overcorrect and back away. A number of bills would have given the U.S. market clarity, which is something the U.S. drastically needs because we’re really falling behind places like the UK, which has very clear, very pro-consumer, pro-innovation rules. Singapore ... Dubai ... same thing. Very pro-consumer, tough rules, but very clear rules. And they’re attracting all of the companies that should be right here.

So the U.S.’s lack of clarity, and then Sam’s screw-up, which then made that worse, has actually been really bad for San Francisco.

How so? Because San Francisco was actually the global blockchain capital of the world from the beginning through maybe five years ago. And it isn’t anymore. Coinbase was here just down the street. They’re not here anymore. So, I don’t know, we’re at a 30 percent vacancy rate [in the downtown area]? I think it would be half that. [Ripple is] growing. We have 15 offices around the world. We’ve doubled our London office in the last two years. That’s a shame. That should all be right here.

Let’s talk a little bit about AI because San Francisco is, for all intents and purposes, the AI capital of the world right now. How do we make sure AI doesn’t leave SF, similar to what happened with blockchain? I think it should be a lesson learned on what happened with blockchain. I love our leaders around here, but our leaders should have done more to fight for it. We can be pro-consumer, and we can embrace innovation, and that’s good for the state, it’s good for the City, it’s good for everybody. Instead of push[ing] it out to our competitors. So I hope with AI, people have gotten this.

Clearly, we need regulation, but it seems we need to regulate in a more creative and modern way than we did decades ago. Do you agree? That’s a great point. ... Regulation has got to be faster. It’s got to be more balanced ... embracing innovation, which always has an element of uncertainty. So you have to respond quickly. I think in the U.S. we have a particular challenge. We go to London or Singapore or Dubai, the advantage they have is the regulators, the capital market folks, and the innovators are all in the same city. So they all mix. And here we’ve got capital markets in New York generally, you’ve got regulation in D.C., and you’ve got innovation out here. And that doesn’t mix all that well. It’s too far, and the timelines are not in sync. That’s a real challenge here. So we’ve got to get more dialogue. It’d be nice to put fintech regulators, AI regulators, at Stanford or Berkeley or right here in the City.

Before Ripple, you cofounded E-Loan and Prosper Marketplace, all of which give consumers more agency over their own money and more transparency. Was that a mission of yours, or just a good business niche? When I was growing up, my dad was an aircraft mechanic at SFO. I just remember he was always really angry every time he had to go take out a home equity line or finance a car. I think he felt like he was taken advantage of. The motto of the finance industry, particularly pre-internet, is “in confusion there’s profit.” When you go to the car dealer, the car dealer is not telling you your credit score. … So what does that mean as far as price? That’s how they make their money. And that’s not right. So it is a little bit of “Schwabifying” because Charles Schwab was the first to introduce fair pricing before the internet. But I think with the internet you can do much more of that because you can show everything. You take out the commission person. Ripple’s a little bit different in that we’re enterprise, and we can actually have more impact by focusing on the technology, bringing it to existing platforms, and then that makes them more competitive and more effective. So it’s a bit of a tweak.

I’ve read about Ripple using blockchain to help poor populations, like farmers in Uganda, sell carbon credits at a fair price. Talk about how consumers benefit from this technology. The remittance flows on the planet are enormous. U.S. to Philippines, Saudi Arabia to Bangladesh, for example. Those are big flows, and those are generally people who are probably living paycheck to paycheck, if even that. So if you can have systems that allow prices to come down, have more access, that’s going to be a good thing for everybody. We like those kinds of things. You raise the farmer and the carbon. I like that you brought that one up. I think that is a real opportunity.

Farming could actually be a huge sink for carbon. The Global South farmers are subsistence, so wouldn’t it be awesome if [they] could change the way [they] work the soils, grab more carbon, and then if there’s a good effective market [with] transparency ... if [the carbon credits are] resold, they get a cut of the resale. That’s something you can do really well with blockchain technology — tokenizing carbon assets. We actually just launched something called Centigrade, which is a B Corp, a more benefit corporation. We did that with [green energy nonprofit] Rocky Mountain Institute to improve the voluntary carbon credit markets.

That’s actually happening now? Yeah. That’s a big goal for us. Climate’s a big focus that I work on personally, but also with the company. And there’s lots of ways we can use the technology to make that better. Same with sustainability credits, which I think will also be an emerging market. So not just carbon. This is actually happening to a small country called Niue. It’s a country of 1,200 people in the South Pacific, but they have an enormous ocean acreage that’s part of the country. The same with Palau, 20,000 people, but they have oceans the size of France. So these are huge opportunities to protect the oceans. But these are poor countries. They can’t just give up all their fishing rights because they’ll go broke, but maybe they can do sustainability credits, where now we put that on a blockchain, tokenize it, and then anybody in the world can buy a sustainability credit. That’s what Niue’s doing. It’s called ocean conservation commitments. And that’s potentially a great source of financing sustainability.

Aside from your business endeavors, you’re also very active in philanthropy and politically active in your hometown of San Francisco. Why is that important to you? In San Francisco, we just started going down the rabbit hole. We [were], I think probably like every San Franciscan, victims of the smash-and-grab problem. We live in Russian Hill right by the Lombard Steps, which was literally ground zero at one point. This was maybe seven years ago; [now president and CEO of the Hotel Council of San Francisco] Alex Bastian used to work for [District Attorney] George Gascón, and they had done something creative with Union Square — the Union Square BID [Business Improvement District] — [putting] camera networks all around. They had smash and grabbers, a crew that was running in the stores and stealing … but the camera networks are effective. If you talk to the police, they’re really good at making cases. We talked to the DA, same thing. It’d be nice if we can extend that now to live access for the police. That’s been controversial, but they put a police officer on top of that building, they have access. I don’t really understand why that’s controversial. You could put AI tools in that would identify guns. That already works today.

So there’s a lot of things we can do. We like the camera network for public safety. We’ve got to do more with the police because we have a police crisis where you don’t have enough of them. That’s a nationwide problem, but it’s worse here in the City because of the very anti-police police commission, which has prevented tools from getting out there. ... So the morale is bad. Maybe only 20 percent of San Francisco cops live in the City anymore. A lot of them actually live out of state, believe it or not.

Out of state? Out of state. So they’re supposed to be able to get back in the City within four hours of an emergency. That’s just not going to happen. So you’ve got a real problem with public safety resources that’s very solvable, so that’s one big area. And then another area has been trying to help small business through having [Avenue] Greenlight, which is supporting the 34 merchant districts in the City, and then allowing small grants to go to those small businesses or to the district to do things like lighting or signage or cleaning things just to make the environment better for these small businesses [that] have been hanging on in some tough times. Although I think things are a lot better now.

San Francisco has an almost $14 billion annual budget, and you’re talking about privately funding cameras in neighborhoods, helping small businesses and our retail corridors. You have even paid for ads to recruit police officers. So, why is private philanthropy necessary when we have these kinds of resources in the City? It’s a great question. A $14 billion budget is a lot of money. I think the problem is it’s a lot of money, but it’s all tied up in this bureaucratic mess. To try to get cameras funded by the city, it’d probably be a five-year debate. And I think it would just get bogged down. Whereas private philanthropy — we probably have four and a half million dollars put into the camera networks — can deploy that quickly to the CBDs [Community Benefit Districts] or the BIDs. ... If we had to pay for license plate readers, we would do that. Again, another needlessly controversial area that’s super effective, especially since all the smash-and-grab crews are driving stolen cars with just-stolen plates. The number of stolen cars is just astronomical, and it’s mostly all being done to commit other crimes. And if you had license plate readers, you would tag them instantly. They’re avoiding any town that has license plate readers.

Any evidence that the cameras, Avenue Greenlight, grants and police recruitment ads are making a difference? Yeah, we talked to [SFPD] Chief [Bill Scott]. He says the cameras are just absolute game changers, so that’s great. We know that that’s working. On the police recruitment, it was the highest police academy numbers that we had in three years. Now part of that could have been a combination of wages going up, bonuses. The ads were meant for morale and for recruiting. So we might fire that up again. So I think that does work, and having [Avenue] Greenlight for sure. Actually, we’re super happy with that one because it’s relatively small grants, and they make the small businesses feel like they’re being helped. So we’ve got to get more of the bigger business community to help the smaller.

Despite some of the issues we’ve discussed, what do you think gives San Francisco its competitive advantage? There’s nothing like San Francisco, and you can’t replicate it. It’s such a mix of things. You’d never come up with anything like this place again. I love it. The weather, the food, the views. ... So we’ve got our problems, but it’s an awesome place. And my parents met in the City, too. They’re no longer with us, but working on the city stuff, I always feel like they’re happy about it.

I’ve heard people ask you, so I know what you’re going to say, but would you ever consider running for office? I’m just not wired for that.

So what’s next for Chris Larsen? Oh, well, geez. Getting older. There’s less tomorrows than yesterdays, as they say. I think we’re on the right path, but climate’s going to take many years. Climate’s actually really fun to work in.

I have two boys. I want to make sure that they’re growing up in a decent world, and it’s not on fire all the time. This is totally solvable too. But we’ve got to really go before there’s some tipping points. ... It’ll be one of the greatest wealth generators of all time.

Is there a certain philosophy or credo that you live by? I’m trying to tell my kids this, but we shouldn’t assume [that] the way the world is was somehow designed by experts. So we shouldn’t be afraid to challenge stuff.

This interview has been condensed for length and edited for clarity.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
Have you noticed a Personality Change in those who took the experimental Covid Vaccines?

If so, here’s the theory as to why this has happened, and it makes perfect sense as to why the elites would do this. THEY do not want you to be able to step into your power. With this destroyed, THEY win.

00:01:10
Stargate: Establishing the Physical Foundations of the AI Revolution 🛰️🌎

The Stargate initiative represents the most substantial investment in artificial intelligence infrastructure to date, as it begins to materialize on a global scale. While many perceive AI as an ethereal technology—simply accessed via applications like ChatGPT 🤖—each digital interaction is, in fact, powered by extensive physical resources: vast data centers 🏢, thousands of cutting-edge GPUs 💾, sophisticated cooling systems 💧, dedicated power grids ⚡, and essential water pipelines 🚰. AI does not reside on personal devices; it is anchored on Earth and demands significant resources.

As artificial intelligence continues to advance, its infrastructure needs only intensify. Regardless of improvements in model efficiency, the explosive growth in usage—billions of queries, ongoing model training, and worldwide deployment—necessitates ever-greater computing power, land, electricity, and semiconductors. This expansion is not plateauing; it is accelerating 📈.

Stargate stands ...

00:01:55
🚨 A Senior UAE Official Has Forecasted...👀

🇦🇪 The United Arab Emirates has taken a decisive step that the United States has been reluctant to pursue.

👉 “Within the next two years, cryptocurrency will be used more frequently than traditional currencies like the dollar or dirham, even for everyday purchases such as coffee and groceries.” 🏦☕🛒

It is worth noting which cryptocurrencies offer transaction fees that are virtually negligible. 😏

The official further stated: “Mark my words, I believe in actions, not just words.”

00:01:00
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
Veritaseum Hodlers, Are You Ready For Chaos? 🚀 👩‍🚀

What would happen if Veritaseum was "Resurrected" from the Land of Dead Cryptos? Would Clif High's prediction of Veri trading 1 to 1 with Bitcoin actually come TRUE?! We may just find out SOONER than you think!!

$Velos New Payfi Litepaper 📝

As the market evolves, so do we. Our new PayFi Litepaper reflects our commitment to adapt fast, stay ahead, and win.

Dive into our latest vision and strategy for what’s next.

https://x.com/veloprotocol/status/1917550676860887446

Reggie Middleton vs The SEC

The Motion to Vacate the SEC case against @ReggieMiddleton was filed on Friday May 30th, 2025 and contains NEW EVIDENCE clearly illustrating the alleged Fraud Upon the Court by SEC attorney Jorge Tenreiro.

It’s Reggie’s time to shine and this is going to be Epic!

Watch for a Video and further X posts breaking down this New Evidence.

https://x.com/SovereignRiz/status/1928836032964804760

post photo preview
Stellar's Ecosystem Surges Forward: Smart Contracts, Lightning Speed, and Real-World Impact in 2025

The Stellar blockchain ecosystem is experiencing remarkable momentum in 2025, with groundbreaking technical achievements and expanding real-world adoption that position it as a major player in the decentralized finance landscape. From lightning-fast transaction speeds to innovative smart contract capabilities, Stellar is demonstrating that blockchain technology can deliver both performance and practical utility.

Technical Breakthroughs Drive Performance

The Stellar Development Foundation's Q1 2025 quarterly report reveals impressive technical milestones that showcase the network's maturation. The platform now processes an astounding 5,000 transactions per second with remarkably fast 2.5-second block times, putting it among the fastest blockchain networks in operation today.

This performance leap isn't just about raw numbers—it represents Stellar's commitment to creating infrastructure that can handle real-world demand. Whether it's cross-border payments, asset tokenization, or decentralized applications, the network's enhanced capabilities provide the foundation for scalable blockchain solutions.

Smart Contracts Get Smarter with Soroban

One of the most significant developments has been the launch and continued evolution of Soroban, Stellar's smart contract platform. The introduction of Contract Copilot represents a major advancement in developer experience, enabling faster and safer smart contract development through enhanced tooling and guidance.

This focus on developer experience is crucial for ecosystem growth. By lowering barriers to entry and improving the development process, Stellar is positioning itself to attract innovative projects and talented developers who might otherwise choose competing platforms.

New Token Standards Meet Market Needs

The Stellar Development Foundation has introduced new token standards developed specifically based on feedback from developers and institutional users. This responsive approach to platform development demonstrates Stellar's commitment to building technology that meets actual market needs rather than theoretical requirements.

These standards are particularly important as institutional adoption continues to grow, with organizations requiring robust, compliant, and flexible token frameworks for their blockchain initiatives.

Global USDC Integration Expands Utility

The integration of USDC across Stellar's global network represents a significant milestone for practical cryptocurrency adoption. Stablecoins like USDC provide the price stability necessary for everyday transactions and business operations, making them crucial for blockchain platforms seeking real-world utility.

This integration is particularly impactful in emerging markets, where access to stable digital currencies can provide financial services to underbanked populations and facilitate more efficient cross-border transactions.

Industry Events Build Community Momentum

The Stellar ecosystem's growing influence is evident in its presence at major industry events. The foundation's participation as a sponsor at Consensus 2025 in Toronto and Digital Assets Week in New York demonstrates its commitment to engaging with builders, investors, and institutional leaders across the blockchain space.

These events serve as crucial networking opportunities and platforms for showcasing innovative projects within the Stellar ecosystem. Recent Meridian events have highlighted creative projects like Skyhitz and HoneyCoin, illustrating the collaborative spirit and diverse applications being built on the platform.

Real-World Impact in Emerging Markets

Perhaps most importantly, Stellar's growth isn't just about technical metrics—it's about real-world impact. The platform's focus on emerging markets addresses genuine financial inclusion challenges, providing efficient payment rails and access to digital financial services where traditional banking infrastructure may be limited.

This practical approach to blockchain implementation sets Stellar apart from projects that focus primarily on speculative trading or theoretical use cases. By solving actual problems for real users, Stellar is building sustainable demand for its technology.

Looking Ahead: Enterprise-Grade Infrastructure

Stellar positions itself as offering enterprise-grade asset tokenization alongside its DeFi capabilities and payment infrastructure. This comprehensive approach makes it attractive to institutions looking for a single platform that can handle multiple blockchain use cases.

The combination of fast transactions, low costs, smart contract capabilities, and regulatory-conscious development creates a compelling value proposition for enterprises considering blockchain adoption.

The Road Forward

As 2025 progresses, Stellar's ecosystem appears well-positioned for continued growth. The technical infrastructure improvements, developer-focused enhancements, and real-world adoption initiatives create a strong foundation for expanding use cases and user adoption.

The blockchain industry has seen many projects promise revolutionary capabilities, but Stellar's focus on delivering measurable performance improvements and practical solutions suggests a mature approach to blockchain development. With transaction speeds that rival traditional payment systems and growing institutional adoption, Stellar is demonstrating that blockchain technology can move beyond experimental phases into mainstream utility.

For developers, institutions, and users looking for blockchain solutions that prioritize both performance and practical applicability, Stellar's 2025 developments represent significant progress toward a more accessible and useful decentralized financial ecosystem.

Source: The Dinarian ⚡ Claude AI

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
post photo preview
Soroban Security Audit Bank: Raising the Standard for Smart Contract Security

The Stellar Development Foundation (SDF) is deeply committed to helping ensure that the highest security standards are available for projects building on the Stellar network. Last year SDF launched the Soroban Security Audit Bank, an initiative to provide projects access to auditing experts and tooling that are proven to help prevent hacks by catching potential bugs, inefficiencies, and security flaws before contracts go live. Through the Soroban Security Audit Bank, we’re empowering teams building on Soroban with comprehensive security audits from leading audit firms, enhanced readiness support, and robust tooling, significantly elevating the ecosystem’s safety and efficiency.

Since launch, the Soroban Security Audit Bank has successfully conducted over 40 essential audits, deploying over $3 million to support security of the smart contracts on Stellar. Check it out!

 

Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

By making automated formal verification available to developers, in addition to allocating significant budget for securing many of the top DeFi protocols built on top of Stellar, SDF has established a new security standard in the Web3 ecosystem. Mooly Sagiv, Co-Founder of Certora
SDF has been a strong partner as we’ve worked with teams across the Stellar ecosystem. SDF’s Audit Bank initiative allows for a smooth and streamlined review process, and is a clear reflection of the Stellar ecosystem’s enhanced commitment to security. Robert Chen, CEO of OtterSec
 

Leading projects within the Soroban ecosystem have highlighted the impact of the Audit Bank

Finding a good auditor is difficult, expensive, and high-stakes. The Audit Bank streamlines the process and supports ecosystem projects with security review at critical growth milestones. Markus Paulson, Co-Founder of Script3
The audit firms we worked with deeply understood the full ecosystem and the underlying protocols used. Their expertise and the tools from the Audit Bank strengthened our security and supported user and investor trust. Esteban Iglesias Manríquez, Co-Founder of Palta.Labs

What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

  • Complimentary Initial Audit: Projects will need to contribute 5% of the audit cost upfront, but this co-payment amount is eligible for a full refund, provided that critical, high, and medium vulnerabilities identified are swiftly remediated within 20 business days of receiving the initial audit report (learn more).
  • Incentivized Security at Key Traction Milestones: Complimentary, extensive follow-up audits are available as projects achieve critical traction milestones (e.g., $10M and $100M TVL). These audits include deeper assessments such as formal verification or competitive audits, significantly boosting project security at pivotal stages.
  • Advanced Security Tooling: Projects can enhance their security self-serve through complimentary or discounted access to specialized tooling, which provide vulnerability detection and formal verification capabilities (see full list of available tooling). These tools are encouraged to capture ‘easy-to-spot’ issues prior to audit as well as a final check post-audit to increase the effectiveness and thoroughness of audits.
  • Enhanced Audit Readiness Support: Projects receive structured preparation support, including the implementation of best practices and security standards based on the STRIDE threat modeling framework. This ensures project teams are thoroughly prepared, optimizing audit efficiency and minimizing delays.

Get Started Today

If you're already funded through the Stellar Community Fund, meet the criteria and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contact [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with the Stellar Community Fund to become eligible for future security audits and ecosystem support. For any broader questions on the program, contact [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off on Soroban Security Best Practices on Friday, May 30, 2025 at 2 PM ET on @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
post photo preview
Santander mulls stablecoin, crypto offering

Bloomberg reported that Banco Santander is mulling introducing euro and dollar stablecoins, or potentially making a third party coin available to clients, citing sources. This move aligns with broader crypto ambitions, as its digital bank, Openbank, has reportedly applied for a European cryptocurrency license under the Mica Regulations and may enable retail access to digital assets.

Systemically important banks embrace stablecoins?

Major banks are now moving from observers to participants in this expanding market. Should Santander confirm plans to launch a stablecoin, it will be the fourth global systemically important bank (G-SIB) to do so. Societe Generale’s FORGE subsidiary launched the EURCV euro coin in 2023. Deutsche Bank is a partner in ALLUnity, another stablecoin initiative with plans to launch this year, subject to regulatory approval. And Standard Chartered is part of a joint venture in Hong Kong that intends to introduce a stablecoin.

Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported that US banks are exploring the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

Until recently stablecoins were mainly used to settle cryptocurrency transactions and by residents in countries with volatile domestic currencies. During the last year stablecoin infrastructure has been expanding, especially for mainstream cross border payments. Plus, President Trump issued an executive order prioritizing stablecoins. One of the administration’s motivations is this increases demand for US Treasuries, lowering the interest rate the government pays on the Treasury bills.

Santander as an early digital assets mover

Santander’s stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing a digital bond on Ethereum in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in the European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals