MAFIA EP 001

2. 将带来多少资金流转（Asset Volume）？ DTCC 每年结算的资金总额约为 $2,500,000,000,000,000（2500 万亿美元）。 每日结算金额： 2500 万亿美元 / 252 天 ≈ 9.92 万亿美元/天。 对 Stellar 的影响： 这意味着每天有接近 10 万亿美元的传统金融资产（股票、债券等 RWA）以代币形式在 Stellar 上进行原子级价值交换。Stellar 将瞬间成为全球链上锁仓量（TVL）和资金流转量绝对的第一大公链。

Hi Fam, thank you so much for your enthusiasm and patience. We received over 600 submissions for this Ambassador Program. We will begin distributing rewards today: 1. Those who complete all tasks or make unexpected contributions will receive 20-100 USDC. 2. Top 25 in terms of impact for each task, and who complete at least two tasks: 10 USDC. 3. Those who complete only one task but have a significant impact: 5 USDC. 4. Special thanks: For users who submitted forms but did not receive a reward, and for users who created new addresses on @StellarOrg during this period, we will provide $400 USDC to share. If you invited friends, please remind them to check how much reward they have received. Our second wave of activities includes a user referral and volume competition. From midnight on January 7th to midnight on January 14th (San Francisco time), we will be offering two $1000 prize pools: 1. Referral Pool: All participants will share the pool proportionally based on the number of people they invite. The top 10 referrals will receive an additional bonus. 2. Volume Pool: All participants will share the pool proportionally based on their trading volume. The top 10 trading volumes will receive an additional bonus. Trading includes: send, withdraw, and bridge. We will release the detailed rules tomorrow and launch the Leaderboard ASAP for everyone to view the data. But you can start inviting and contributing volumes now! We strongly encourage you to share screenshots of your rewards on social media, quote ROZO's event announcement, and include your referral link. This will hopefully attract even more users.

stablecoins now account for 1.35% of the total U.S. dollar supply

there’s a common view that card networks (visa, ma, etc) should get disrupted by new rails such as as stablecoins because they charge merchants an absurd 3% fee. the reality is card networks keep a v small portion of this fee. assume a typical $3 fee on a $100 purchase, about - $1.8 goes to the consumer (as card rewards) - $0.45 goes to the issuing bank (the consumer’s bank) - $0.6 goes to the acquiring bank (bank of the merchant) - $0.15 goes to visa/ma this is one of the most remarkable examples of incentive alignment: - consumers keep a lion share of it as incentives to continue to use the card - issuing bank is incentivized to acquire customers for the network - acquirer is incentivized to acquire merchants for the network - visa/ma keep a tiny portion but they get to scale the network at virtually 0 marginal cost - merchants pay for all of this as they have the least bargaining power easily one of the strongest instances of network effect we’ve seen in the history of businesses