Degen

In 4 days, we’ll be able to invest in Plasma at the same valuation as Peter Thiel’s Founder Fund via Sonar by @cobie.

Circle’s IPO is currently 25x oversubscribed.

Why is no one on farcaster talking about this?

h/t @kevinc

does retail have an appetite for stablecoin products? 🤔

building @revealcam | previously @perl, cofounder SBLY.com, eng at Stripe | alum South Park Commons | peter-kim.com

Agree. https://www.bloomberg.com/news/videos/2025-06-05/khosrowshahi-says-uber-considering-using-stablecoins-video 

Did you see this? I wonder who they'll pick.

yeah, the association with Coinbase is a huge advantage, but will it last long term?

how much better can the stablecoin product get with a dedicated L1? 

Or does that even matter and can you just make a trade on the narrative/momentum?

 good questions to have, not really sure what the answer is

It feels like a momentum thing. A lot of new competition entering the game and will be away at the slice! Unless they get regulatory capture