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1/ Holding a memecoin usually means betting on its price.
USDZEUS is a dollar that earns from ZEUS volatility instead, without exposure to the ZEUS price.
How it works ↓
USDZEUS is a dollar that earns from ZEUS volatility instead, without exposure to the ZEUS price.
How it works ↓
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Tron holds $93.50B in stablecoins on Nov 11, per DefiLlama.
Ethereum holds $133.01B. Solana, third, holds $14.36B.
Tron's stablecoin supply is about 6.5 times Solana's.
Ethereum holds $133.01B. Solana, third, holds $14.36B.
Tron's stablecoin supply is about 6.5 times Solana's.
Icymi, @trondao has 98% of its stablecoin supply in USDT.
I found out that a big part of this comes down to distribution and issuer decisions.
Allow me to explain.
USDT launched on Tron in 2019, where cheaper transfers compared to Ethereum helped it build a network of users, roviders.
And once the people you’re paying already accept USDT on Tron, you have a reason to keep using it.
Then, in February 2024, @circle stopped minting USDC on Tron and began winding down support, leaving USDT with even less competition.
What keeps you using Tron?
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The OCC's final GENIUS Act rule takes effect on Jan 18, 2027.
Earliest approval for a new issuer: May 18, 2027. Waivers end by Jan 18, 2028.
From Jul 18, 2028, service providers may not offer non-permitted payment stablecoins.
Issuers may not pay interest or yield for holding a payment stablecoin.
Earliest approval for a new issuer: May 18, 2027. Waivers end by Jan 18, 2028.
From Jul 18, 2028, service providers may not offer non-permitted payment stablecoins.
Issuers may not pay interest or yield for holding a payment stablecoin.
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Jordi replayed a real memecoin sell off with a permanent buy wall added to it. That wall comes from up to 10% of each USDZEUS mint, sits below the market price and has no withdrawal path. At least 90% stays as a USDC reserve on Aave.
What would a memecoin crash look like if it had its own dollar behind it?
On August 28, ethereum:0x68bbed6a47194eff1cf514b50ea91895597fc91e fell 23% against ETH in about a day. Sellers removed 43 ETH from its Uniswap V2 pool, while buyers added just 13.5 ETH.
I replayed all 216 l like the one @dollarize_fun builds with USDZEUS.
How it works:
> Up to 10% of USDC deposited to mint USDZEUS goes into a @Uniswap V4 liquidity position. This liquidity cannot be withdrawn.
> Positioned below market price, it buys the memecoin as the price falls.
The simulated results:
> No wall: -23%
> 20 ETH wall (~$500K minted): -15%
> 50 ETH wall (~$1.3M minted): -11%
Same swaps, but half the drawdown with the larger wall. Unlike traditional LPs, this liquidity stays permanently and grows with every mint.
USDZEUS stakers also receive pool fees and Aave interest from the reserve every 3 days, paid in dollars.
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The USDZEUS AMA with @ukcryptoqueen is on Thursday 12 November at 6pm UTC. The team will explain why a memecoin community gets its own dollar and where the yield comes from: Aave interest and pool fees, harvested every 3 days. Questions go under her post.
This Thursday 12th November at 6pm UTC
I’ll be hosting an AMA with the team behind USDZEUS.
I’ll be asking them:
👉🏼 Why they built an aligned stablecoin for a memecoin community.
👉🏼 How the yield works
👉🏼 What they have learnt
There will also be an opportunity for you to get answers to any questions you might have for the team.
Leave your questions in the comments and I’ll ask them live on the space.
Hope you can join us.
@dollarize_fun
x.com/i/spaces/1rjan…
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USD1 supply: $3.34B on Nov 10, per DefiLlama.
A week ago: $3.88B.
A month ago: $4.27B. That is down 21.8%.
A week ago: $3.88B.
A month ago: $4.27B. That is down 21.8%.
JUST IN: World Liberty Financial confirms $WLFI buybacks will be executed on Aster.
$10M in USD1 is already in the buyback wallet.
A stablecoin business buying back its own token.
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USDZEUS gives the ZEUS community its own dollar. At least 90% of each mint stays as USDC in a reserve on Aave. Every 3 days a harvest collects Aave interest and pool fees, and stakers receive it.
A big ecosystem like Hyperliquid is able to negotiate directly with Circle..
A Memecoin community with a few thousand holders doesn’t have that option.
So what if a memecoin community could have its own dollar?
And the yield from it went to the holders 🤔
On Wednesday I’ll be sharing one memecoin community doing just that!
I’ll also be hosting an AMA with the team this Thursday, so follow for more.
@dollarize_fun
*Paid partnership with dollarize. Not financial advice.
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Queen Talks with the dollarize team goes live Thursday 12 Nov at 18:00 UTC. The topic is how a stablecoin's yield can return to a memecoin community through USDZEUS. Questions are welcome in the replies to her post. Space: x.com/i/spaces/1rJaN…
Queen Talks is back!
This Thursday 12th at 6pm UTC I’ll be talking to the builders of @dollarize_fun
If you’ve been enjoying the content on aligned stablecoins then don’t miss this one..
We’ll be taking a deep dive.
Please bring your questions for the team too..
Hope you can join us!
Check out the website in comments.
x.com/i/spaces/1rJaN…
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Ethereum mainnet users paid $176.6M in fees over 12 months, per DefiLlama.
Stablecoins on Ethereum: $134.56B on Nov 9.
At a 3.5% reserve return, the rate Circle reported for Q3, that is about $4.7B a year.
That is 27 times the chain's fees.
Stablecoins on Ethereum: $134.56B on Nov 9.
At a 3.5% reserve return, the rate Circle reported for Q3, that is about $4.7B a year.
That is 27 times the chain's fees.
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Circle's Q3 2026 results: $865M in revenue and reserve income.
Reserve income was $658M, from a 3.5% return on $73.3B of average USDC. A year earlier: $711M.
Distribution, transaction and other costs were $412M.
Revenue less distribution costs: $453M.
Reserve income was $658M, from a 3.5% return on $73.3B of average USDC. A year earlier: $711M.
Distribution, transaction and other costs were $412M.
Revenue less distribution costs: $453M.
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Stablecoins on Hyperliquid L1: $6.65B on Nov 8, per DefiLlama.
On Sep 23 it was $7.82B. That is down 15%.
Oct 9: $7.18B. Oct 25: $6.91B. Nov 1: $6.69B.
Solana holds $14.58B. Base holds $5.01B.
On Sep 23 it was $7.82B. That is down 15%.
Oct 9: $7.18B. Oct 25: $6.91B. Nov 1: $6.69B.
Solana holds $14.58B. Base holds $5.01B.
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A USDZEUS mint takes USDC. At least 90% goes to a reserve lent on Aave. Every 3 days a harvest gathers the Aave interest and the pool fees. At full backing, all of it goes to USDZEUS stakers.
Interesting to see how you voted on this one. You did pretty well!
The answer: Tether made over $10 billion in 2025 alone from the dollars you held in USDT.
Holders got ZERO!
What if that yield could go back to the holders?
That's what Hyperliquid just did.
They found a way to send that yield back to its own ecosystem.
Want to know how it works?
Check out my previous post..
x.com/ukcryptoqueen/…
@dollarize_fun
*Paid partnership with dollarize. Not financial advice.
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USDsui reserves sit in US Treasuries. The yield goes to the Sui Foundation, which buys SUI on the open market every day.
Stablecoins on Sui: $525M on Nov 7, per DefiLlama.
That is 0.4% of the $134.5B on Ethereum.
Stablecoins on Sui: $525M on Nov 7, per DefiLlama.
That is 0.4% of the $134.5B on Ethereum.
JUST IN: Sui Foundation’s $SUI buybacks surpass 1.1 million tokens
The foundation has crossed the milestone in cumulative $SUI acquired through daily buybacks funded by stablecoin yield.
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Nigeria's central bank put its stablecoin rules in force on Nov 5.
Issuers of foreign-currency stablecoins need ₦15B in paid-up capital. Naira stablecoin issuers need ₦10B.
Reserves must cover every token in circulation, plus a 2% buffer.
Existing operators have 180 days to apply.
Issuers of foreign-currency stablecoins need ₦15B in paid-up capital. Naira stablecoin issuers need ₦10B.
Reserves must cover every token in circulation, plus a 2% buffer.
Existing operators have 180 days to apply.
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The answer comes on Saturday.
With USDT, the interest on the reserve goes to the issuer.
With USDZEUS, it goes to the stakers: Aave interest and ZEUS pool fees, every 3 days, onchain.
With USDT, the interest on the reserve goes to the issuer.
With USDZEUS, it goes to the stakers: Aave interest and ZEUS pool fees, every 3 days, onchain.
Quick one..
How much do you think Tether made in 2025 from the dollars people held in USDT?
Answer on Saturday!
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How a 100 USDC mint of USDZEUS works.
At least 90 USDC goes to a reserve on Aave. Up to 10 USDC becomes permanent liquidity in the ETH/ZEUS pool.
Stakers get the Aave interest and the pool fees.
AMA with the team: Thu Nov 12, 18:00 UTC.
At least 90 USDC goes to a reserve on Aave. Up to 10 USDC becomes permanent liquidity in the ETH/ZEUS pool.
Stakers get the Aave interest and the pool fees.
AMA with the team: Thu Nov 12, 18:00 UTC.
Who keeps the yield on your stablecoins? 🤔 The issuer puts every dollar you hold in a stablecoin into US Treasury bills and similar assets, and keeps the interest.
There is an estimated $307 billion in stablecoins in circulation.
Tether alone made more than $10 billion in 2025!
It’s BIG business, yet the people holding them earn literally ZERO. Hyperliquid decided that had to change! 🤨 With aligned quote assets (AQAv2), live since 26th August..
The USDC issuer shares about 90% of the yield on roughly $5 billion held on Hyperliquid.
That money goes back into the ecosystem through HYPE token buybacks. It’s now commonly referred to as an aligned stablecoin: a dollar whose yield flows back to the community that uses it.🤓
Pretty cool right! Hyperliquid was able to negotiate this because it's huge.
But how does a small community get its own aligned dollar?
They can't just meet with Circle and ask for the same deal. 🤔 For the next four weeks I'm following one experiment that tries to answer exactly that:
USDZEUS, built on dollarize. fun with the ZEUS community on Ethereum. I'll be explaining:
👉🏼 How it works
👉🏼 Where the yield comes from
👉🏼 Potential pitfalls
Then next Thursday 12th at 6pm UTC Queen Talks is back..Yay!
I’ll be talking to the people who built it. What would you ask them? Drop it below.
In the meantime check out the link in the comments for more.
*Paid partnership with dollarize. Not financial advice.
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Stablecoin issuers lend out the dollars behind each token and keep the interest.
USDZEUS pays that yield to the people who stake it: Aave interest plus the ZEUS pool fees, every 3 days.
@ukcryptoqueen is covering it on X for the next four weeks.
USDZEUS pays that yield to the people who stake it: Aave interest plus the ZEUS pool fees, every 3 days.
@ukcryptoqueen is covering it on X for the next four weeks.
Did you know that stablecoins earn yield every single day?
You just never get your share of it!
That’s about to change.
Tomorrow I’ll be breaking down..
👉🏼 Who keeps it
👉🏼 How much it is
And the one big eco system that’s decided to take it back 🤨
Make sure you’re following for more.
@dollarize_fun
*paid partnership with dollarize. Not financial advice*
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The five largest stablecoins hold $264.6B on Nov 5, per DefiLlama.
A month earlier: $274.8B. That is down 3.7%.
USDT fell $6.26B to $177.72B. USDC fell $3.23B to $71.09B.
USDe, USDS and DAI fell $0.74B together.
A month earlier: $274.8B. That is down 3.7%.
USDT fell $6.26B to $177.72B. USDC fell $3.23B to $71.09B.
USDe, USDS and DAI fell $0.74B together.
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Polygon Labs expanded Open Money Stack to Solana on Oct 29. Tron support came on Oct 7.
It covers bank, card and cash funding, embedded wallets and payouts.
Stablecoin transfers from Jan 1 to Oct 27, per Token Terminal: $6.94T on Tron, $5.76T on Solana.
It covers bank, card and cash funding, embedded wallets and payouts.
Stablecoin transfers from Jan 1 to Oct 27, per Token Terminal: $6.94T on Tron, $5.76T on Solana.
Stablecoins are moving from being an alternative way to hold dollars to becoming the infrastructure through which money moves, gets spent and earns yield.
Polygon expanded its Open Money Stack, while Mastercard, Visa, Coinbase and other major players pushed stablecoins further payments and cross-border transfers.
Here’s a quick round up of the updates in the sector in the last month.
—
● @0xPolygon
• Expanded Open Money Stack support to @trondao and @solana
• Introduced automated stablecoin payout runs, allowing businesses to configure recurring payment schedules for global payouts
• Introduced agent spend controls, enabling businesses to assign AI agents specific payment permissions, USDC spending limits, approved contracts, and expiration
● @zerohashx
• Joined @tempo as a network validator and integrated its stablecoin payment infrastructure with the network
● @morphllm
• Partnered with @coinbase to bring USDC and USDT payments to its platform
● @okx
• OKX Card went live, a crypto and stablecoin-backed virtual payment card linked directly to OKX Pay wallet
● @StraitsX
• Partnered with @Visa to expand card issuing capabilities to over 100 markets
● @atomHQ
• Partnered with @CoinbaseBiz to integrate stablecoin payments into domain trading and pioneer the use of AI agents for RWA purchases
● @Underdog
• Partnered with @zerohashx to introduce crypto and stablecoin account funding for prediction markets
● @Crossmint
• Launched Agent Commerce Toolkit, a product that allows AI agents to make online purchases using saved payment cards through a single integration
● @raincards
• Introduced Rain Wallets, embedded stablecoin wallets that partners can integrate directly into their apps
● @FinTax_Official
• Partnered with @InterlaceMoney to explore new possibilities for stablecoin payment services
● @InterlaceMoney
• Partnered with @EchobitExchange to bring stablecoin cards and the customized Ceramic Cards to its platform through Interlace’s card-issuing API
● @airtminc
• Partnered with @BVNKFinance to bring wallet-native payments to emerging markets through Airtm Connect
● @Mastercard
• Launched Mastercard Global Money Platform, a B2B infrastructure layer that unites fiat with digital assets and stablecoins through a single API
● @crossriverbank
• Partnered with @Ripple to integrate RLUSD into its core banking infrastructure
● Movantis
• Integrated Stellar into its cross-border payments infrastructure.
● @HSBC
• Introduced its first stablecoin, RedCoin (RCHKD), a Hong Kong dollar-denominated stablecoin
● @SoFi
• Introduced SoFi Earn, an interest-bearing tokenized deposit product offering 4.4% APY
● @evervault
• Launched Browser Tokens, letting AI agents and browser automation tools make payments and log into accounts without exposing sensitive data
● @Visa
• Partnered with BILL and Billtrust to allow authorized AI agents to initiate and complete approved invoice payments through supplier portals.
● Safirum
• Launched CHF-S, a Swiss franc-backed stablecoin, on Solana
● @trylimitless
• Partnered with @crossmint to bring card deposits to Limitless
● @base
• Introduced Earn & Borrow, an end-to-end infrastructure stack that lets apps, fintechs, and enterprises embed stablecoin yields and crypto-backed loans into their apps
● @circle
• Partnered with Tereina, an SAP-backed financial services company, to integrate USDC and EURC into enterprise financial workflows through SAP Pay
● Majority
• Launched cross-border stablecoin payments to Latin America, powered by @zerohashx
● @Infinit_Labs
• Launched APEX Multi-Strategy Vaults 2 and 3, with 90 and 30-day trading periods, respectively
—
They’re no longer limited to transfers and trading. They’re becoming part of the infrastructure for spending, lending, business payments, cross-border settlement and autonomous commerce.
That’s all for the month. Stick around for more updates monthly
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