In SF for a couple weeks, if anyone's around and wants to chat stables or emerging markets -- DMs open. Open for any and all excuses to take long walks around the Marina and expense some ice cream.

Today, @withAUSD filed its application for Agora National Trust Bank with the Office of the Comptroller of the Currency. Securing this charter would enable Agora to operate in the United States under a unified federal framework and expand its product suite beyond stablecoin issuance. In a few months, Agora will hit its two year anniversary of operating its stablecoin issuance business. Recently, however, we've been heads down to prepare for launching a suite of feature-rich products that go beyond simply issuance. More on that soon. We've long believed that if you want to change the world you need to do the hard things and be the metal. That's why we started with our own stablecoin and it's why we're aiming to secure a bank charter. We recognize the importance of a direct relationship with regulators and management over the infrastructure. Without it, your ceiling is someone else's floor. We're determined to own the entirety of the rails, because you either are the metal, or you lose.

Anti Fund is hiring a Senior Investment Associate. Join @geoffreywoo @jakepaul @loganpaul and help us identify the rebels building tomorrow's category-defining companies. Apply: antifund.com/careers

xStocks are live on @Morpho Now, millions of Ethereum users can unlock liquidity on SP 500 xStock through the new vault launched with @flowdesk_co and @withausd. Tokenization meets capital efficiency.