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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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Why asset managers, brokers need a shared stablecoin

In April, USDC stablecoin issuer Circle announced it was a secondary market buyer of BlackRock’s BUIDL tokenized money market fund (MMF). So BUIDL investors can sell their tokens 24/7 in exchange for USDC. This was a groundbreaking move for a fund issued by a traditional finance (TradFi) asset manager.

While most institutional investors in tokenized MMFs are crypto firms, this ability for an institutional investor to off-ramp from money market funds at a precise time is extremely powerful.

With better usability, this could appeal to corporate treasurers and other institutions. Although they will want the ability to off-ramp from the stablecoin instantly.

Circle has a close relationship with BlackRock, which manages most of USDC’s reserves and is a Circle investor. When investors off-ramp from BUIDL, Circle is exchanging USDC backed by Treasuries, for money market funds invested in Treasuries. That’s a win-win situation for Circle.

Other asset managers are at a disadvantage
However, it puts other TradFi asset managers that introduce tokenized money market funds at a relative disadvantage. If they want to support 24/7 instant off ramps, they’d have to hold large amounts of idle stablecoins on which they earn zero interest.

The most obvious one is Franklin Templeton, the pioneering asset manager that launched its FOBXX tokenized money market fund two years before BlackRock. Until recently, investors selling units in FOBXX could only receive withdrawals via bank transfers.

Less than two months after the Circle announcement, Franklin Templeton said that institutional investors could off ramp using the USDC stablecoin. We highlighted that the asset manager avoided using the “24/7 off-ramp” terminology, instead saying “shareholders of the Fund may initiate conversions at any time.”

Rather than sitting on idle stablecoins, another option for asset managers is to launch their own stablecoins. Given that stablecoin reserves are invested in Treasuries, that sidesteps the issue of holding stablecoins earning zero return.

Stablecoin moves are already afoot

Some asset managers are already involved in stablecoins. In Brazil, investment bank BTG Pactual launched a dollar stablecoin last year.

WisdomTree is another asset manger that was early to embrace blockchain and tokenization. It landed a special New York Trust license, allowing it to issue a stablecoin.

In Europe, Deutsche Bank’s asset management arm, DWS, plans to issue the AllUnity Euro stablecoin early next year in association with crypto asset manager Galaxy and Flow Traders.

TheBlock recently interviewed the head of Fidelity Digital Asset Management, who mentioned that stablecoins are an obvious tokenization use case, leading the publication to infer they might plan to issue one.

However, a stablecoin is not the same as a tokenized investment. Stablecoins require network effects, which means they need to be useful beyond a single asset manager. So it doesn’t make sense for every asset manager to issue one. It’s unlikely to be a competitive advantage for long.

What the asset managers and brokers really want is to earn the return on the stablecoin reserves or manage the backing assets.

One way to achieve this is a shared stablecoin.

Brokers want stablecoins too

A similar logic applies to brokers. In a recent interview, Robinhood’s CEO Vlad Tenev, spoke about the appeal of dollar stablecoins to overseas investors. That started tongues wagging that Robinhood might launch a stablecoin. In June it agreed to acquire cryptocurrency exchange Bitstamp.

If the future of finance is tokenization, which Tenev believes, then clients might hold idle funds in stablecoins rather than cash. Those cash balances are critical revenue sources for brokers. While Robinhood’s revenues ($1.87 billion) are a fraction of Schwab’s ($18.84 billion), interest income accounted for roughly half of the 2023 revenues of both firms.

A joint asset management stablecoin

We recently wrote about the offshore focused M stablecoin and the M^0 protocol. It’s the M^0 design that’s of interest, because it supports multiple issuers and shares the returns on the reserves with distributors. Hence, a similar design could work for a shared investment stablecoin.

However, we’re unconvinced that asset managers are going to band together to create a stablecoin. Never mind competitive issues, the manner in which regulators blocked the Facebook-founded Diem initiative is still fresh in people’s minds.

Once there’s stablecoin legislation in the United States, that path will be clearer.

Rather than a consortium, a startup could launch independently and sign up asset managers.

The promise

Backing up, the benefit of stablecoins is to enable instant off ramping by investors form tokenized MMFs at precise times. That could be hugely appealing to corporate treasurers and institutional investors. To achieve this it needs tokenized cash. Ideally one where the asset manager can earn a return.

There are three options for tokenized cash: a CBDC, a stablecoin or a tokenized deposit. A CBDC is less likely to provide a return, and unlikely to happen anytime soon (or ever?) in the United States. Tokenized deposits could potentially fit the bill, as asset managers can still earn a return. However, it’s still early days for banks, apart from a couple of jurisdictions. In the next 12 months or so, the only viable option for tokenized cash is a stablecoin.

https://www.ledgerinsights.com/why-asset-managers-brokers-need-a-shared-stablecoin/

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Trump just posted this about chemtrails 👀

“The enthusiasm for experiments that would pump pollutants into the high atmosphere has set off alarm bells here at the TRUMP EPA.”

00:02:52
The future of crypto = access, trust, transparency.

@evernorthxrp gives institutional + public investors simple, regulated, liquid exposure to XRP – and we’re compounding that value.

Watch below to learn how. 🎥👇

OP: @Ashgoblue

00:01:32
Coinbase CEO Brian Armstrong on CNBC: Crypto Market Structure Bill is CLOSE to passing 👀
00:00:39
👉 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

The first multi-asset crypto fund in the U.S., now listed on NYSE Arca.

Welcome Grayscale CoinDesk Crypto 5 ETF! $GDLC.

https://x.com/NYSE/status/1981705231055433831

The International Asteroid Warning Network Initiated a Campaign to Monitor 3I/ATLAS

The closest approach to Earth is Dec 19 2025.

By Christmas, we’ll know whether 3I/ATLAS was just another comet or something that came looking back.

https://avi-loeb.medium.com/the-international-asteroid-warning-network-initiated-a-campaign-to-monitor-3i-atlas-d2a698859747

EpicX, the first perpetuals exchange purpose-built for the XRP economy

A fresh look at EpicX, the first perpetuals exchange purpose-built for the XRP economy.

EpicX transforms the XRP economy into a global trading venue that combines institutional-grade liquidity with frictionless usability, making pro-level trading accessible to everyone.

What EpicX brings:

⚫ One-tap onboarding via social login (MPC-secured), no wallet setup or gas friction

⚫ Ultra-fast trade execution with up to 40x leverage and composable margin

⚫ Multi-asset markets spanning crypto, stocks, and other RWAs

⚫ A self-funding loop: all fees directed to referrals, $EPIC buybacks, and grants

Beta next.

Register here → trade.epicchain.io

https://x.com/EpicOnChain/status/1978431421456019519

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New Human Force
Join this Now! YOU have what it takes!

They are in our solar system, and in our event-stream in this Eternal Now.

Officialdom is clueless.

They think we are going to be at WAR with the Aliens.

Officialdom is very stupid.

Aliens is here. It’s not WAR. It’s Contention.

There is a difference.

Officialdom is clueless, still living in the last Millennium.

Aliens is here.

The Field in which we contend is This Eternal Now.

ALL HUMANS LIVE HERE, and ONLY HERE, in this

ETERNAL NOW.

It’s a Field of potentials, of pending Manifestation, this continuous event-stream of karma in which we have always lived our body’s Life.

This Eternal Now has always been our body’s Field of Contention.

The Aliens is here, in our Eternal Now.

Our common, shared, reality that we all continuously co-create now has Aliens.

It’s getting very complex in here.

Officialdom is clueless. They see the Aliens. They are freaking out. They think you are children, when it is their small minds, trapped in a reality that is only grit, mud, and ‘random chance’ who are childish.

Officialdom is stupid. They will and are reacting badly. As is their way, they are trying to hide shit from you. Silly grit bound minds don’t realize you can see everything from within the Eternal Now. They have yet to grasp that what they perceive as this Matterium, filled with ‘matter’, is but a hardening of our previous (past) internal states of being.

WAR happens in the Matterium.

Contention occurs within this Eternal Now where Consciousness shapes the manifesting event-stream.

YOU know this to be fact. You are a co-creator.

Contention with Aliens is happening in this instant in this Eternal Now.

Officialdom ain’t doing shit. They are still stuck in trying to move matter around to affect unfolding circumstances. That’s redoing the mirror trying to affect the reflection. Dumb fucks….

It’s up to US. To the New Humans. Those of us who live in this Eternal Now. Those of us who see that our body’s Lives (the Chain that cannot be broken) are expressions of the Ontology revealing itself to itself. It’s up to us guys.

We are not an Army. That’s a concept from the past, from before the emergence of the New Humans. We are a Force. A self-organizing collective with leadership resident in each, and every participant.

We are the New Human Force. By the time officialdom starts to speak about the Aliens in near-factual terms, we will already be engaging them in this Eternal Now.

By the time officialdom begins to move matter around (space ships & such) thinking it’s War, we will already be suffering casualties in this Eternal Now. That part is inevitable. It’s how we learn.

By the time officialdom realizes that some shit is going on in places and ways beyond its conception, we will already be pushing our dominance onto our partners in this First Contention, the Aliens. Nage cannot train without Uke.

Just as officialdom is scrambling to research the Ontology, this Eternal Now, and the event-stream, we will be settling terms with our new partners, the Aliens.

Come, join with us. It’s going to be a hellacious Contention.

We ARE the NEW HUMANS!

Together we are the Force that cannot be defeated.

Start YOUR training in this instance of this Eternal NOW.

Consume Neville Goddard videos as though all of human existence depended on YOUR mind and YOUR active, effective, imaginings!

It’s not a question of Mind over Matter as there is only Mind and it cares not for Matter. That’s residue.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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

💳 PayPal: 
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🔗 Crypto
XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
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