1/13 Today, Circle rolled out full production support for USDC on the Solana blockchain for all of our customers. Things brings USDC to a fast moving ecosystem attracting innovations in DeFi and consumer apps. I explain more below in tweet thread. https://circle.com/blog/circle-account-and-api-services-now-support-usdc-on-the-solana-blockchain…
15) In other words:
There are all of the primitives.
An exchange, and a stablecoin, and staking, and lockups, and wallets, and AMMs, and tools, and borrow/lending.
And more coming, because finance isn't the only thing that can be decentralized: https://mediaserver.express
16) And, crucially, the primitives scale. The Serum ecosystem already scales more than any other DeFi ecosystem ever has, and in fact more than many are ever even trying to.
17) So anyway: I don't want to overgeneralize too much here, but roughly speaking:
If you build a product used by 1B people, that's worth a fortune.
And how do you do that? I don't know, I've never done it before!
But you have to identify something 1B people *could* use.
19) And then, well, somehow you go find users. Not just a few users: a *lot* of users.
Like, hundreds of millions of users.
Infrastructure at scale + userbase at scale = https://companiesmarketcap.com
20) And this is sometimes the hardest part. The world is filled with products that die a slow death because no one ever really uses them.
Huge userbases don't grow on trees.
They are, often, the key.
22) 100m is a *lot* of users.
It's more than Robinhood, and eTrade, and Coinbase, and Binance, and Slack, and Nissan, and DeFi. It's less than Facebook, and Google; there's always room to grow.
It's also a bit less than the number of users of http://Maps.me.
23) Today, http://Maps.me is launching the MAPS token.
And later this quarter, http://Maps.me is integrating a Serum-based wallet for all of its 100m+ users.
I'm very excited to see how this is implemented. Is it all going to be integrated in such a way that users don't even realize that it is all running on the blockchain? I think that's the key to success. Make it all disappear to the user and just work like magic.