I've been building DeFi for almost a decade and we went from zero to here: - Over 300b stablecoins issued onchain - Protocols that actually make revenue, all verifiable onchain - Billions in stablecoins yielding interest directly onchain - More safer ways to trade or lend (no ftx custody risk) - Embedded wallets that bring more users and are easy to integrate (i.e. Privy) - Fintechs and e-commerce platforms issuing stablecoins (PyUSD, SoFi, Western Union, Moneygram) - Big fintech involvement (Stripe with Tempo) - Fintechs integrating defi (i.e. Whop integrating Aave) - Almost all relevant major banks and asset managers have digital asset teams and also working on tokenization, stablecoins and defi (Fidelity, BlackRock etc) - Genious act regulating stable coins and removing uncertainty to enable fintechs and TradFi to participate - Clarity act coming, creating more certainty for crypto and defi - AI tools for defi security hardening and improved overall development process since early days - EU has MiCA certainty and UK following up - Banks banking crypto (Erebor etc) and better onramping The industry progress has been real, and will take of course years to come to see full adoption. We are closer now than ever before, yet moving 8 billion people onchain will take time. I think that we are in front of a moment where underlying tech is starting out-phases the crypto-native assets. It make sense for stablecoins to have bigger market caps that Bitcoin and Ethereum as world is moving onchain over time. Same thing will happen with trading and lending as more assets are tokenized and will grow directly onchain. This is net good for the ecosystem. It seems that fintech and tradfi is doubling down on blockchain like never before. The best way to progress is by building, and we have some of the smartest builders in the space, true believers that build with a real mission are still here. At some point crypto, defi, stablecoins, rwas are doing to be just called finance. No tribalism, no drama just boring tech that works and scales.

We're launching the Global Neobank Alliance! A selective program for early-stage neobanks and fintechs that are already live and ready to grow. Instead of pitching you infrastructure, we're doing the opposite: we're choosing just 3–5 teams and putting real resources behind them. What the selected teams get: → Up to 3 months of hands-on engineering, product, and design support (~$45k in value) → Our production-ready products: Yield, RWA Yield, Savings Accounts, Fixed Quote Swaps, and more → $5k in launch support → Direct access to our partners, the kind of access early founders rarely get → Co-marketing across Pods and partner channels at go-live Who makes the cut: Live neobanks and fintechs, early enough to move fast, with a real edge: a corridor, a niche, a distribution advantage, or founder-market fit that's hard to copy. The best founders should spend their time on users and distribution, not rebuilding infra alone. A few teams won't have to. The rest will. Applications close June 20. Only 3–5 get selected. Don't watch from the sidelines. 👉 Apply now: airtable.com/appbUesYeZv4k4B…

At @norafinancexyz, we raised enough capital to build our product. BRS, BRS yield infra, and onchain FX. We will not make headlines about it. The only things we will let the press say about us: • New products we are shipping • Traction (supply, TVL, integrations) • Market vision No fundraising headlines. No fugazi. Last year we saw a wave of headlines about BRL stablecoin raises. Where are they now? What are they building? Are they shipping anything real? Are they building for you? Builders build in public. That’s it.

Nora Open Office in São Paulo. Updates: Brazilian Real Stablecoin is live. 🇧🇷 We will announce our first authorized minters soon.