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⌐◪-◪ → Kamala wants the US to “remain dominant” in blockchain technology. While this wasn’t her first public statement supporting crypto, it was certainly her loudest.

Some popular takes on Twitter you won’t want to miss:

• @TrustlessState: this is the pivot. she’s now technically pro-crypto

• @Twobitidiot: calls @TrustlessState pathetic, has brain maggots

• @RyanSAdams: suggests things Kamala can do to stay dominant

• @AdamCochran: calls out double standard from the right

• @Art_Pleb: he doesn't believe her as long as Gary holds office

In my opinion, this is progress. It’s certainly better than the alternative, vilifying crypto or straight-up ignoring it (like the Democratic party platform).

It’s amazing how crypto went from being the laughingstock of Wall Street and Politics to being the belle of the ball. Now both the Dems and Reps want us.

It’s nice to feel wanted.

⌐◪-◪ → PayPal is doubling down on crypto. They just enabled a feature that lets 30M businesses buy, hold, and sell Bitcoin directly from their accounts.

The company isn’t new to crypto, PayPal and Venmo have let retail users trade crypto for years, but this is the first time they are enabling the same for businesses.

If this wasn’t bullish enough, listen to this…

The new feature lets US businesses transfer their funds to external wallets, a massive unlock! Now, my business isn’t limited to the confines of centralized exchanges like Coinbase, the entire digital frontier is at my fingertips. Time to use revenue to buy more CryptoPunks.

The only bad news is the service will be unavailable to businesses in New York State, with no estimate on when that might change. No surprise here.

⌐◪-◪ → DeFi and TradFi just got a lot closer. Ethena, the company known for its synthetic dollar with native yield, just announced a new stablecoin — UStb.

What’s unique about UStb is that it will be fully backed by BlackRock’s USD Institutional Digital Liquidity fund, also known as BUIDL.

So, while the token will function like other stablecoins, it will be backed by the largest tokenized US Treasuries fund, holding over $522M in assets — a strong alternative foundation for the new stablecoin versus other synthetic or fiat-backed options.

Note: This new stablecoin will exist wholly independent product from their existing stablecoin USDe, which is currently the 5th largest stablecoin with a market cap of $2.5B. For context, USDe is 3.6x larger than PayPal’s PYUSD and 21.8x smaller than Tether’s USDT.

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