CROUSDT
Crypto.com Coin / Tether USD
cryptoComposite

I can't fathom people are still using scam CRO thinking it will make them wealthy

CRO charging 20% to transfer BTC

OnChain is noncustodial and ULT isn’t. I don’t want to give away control of my funds to anyone. CDC already has two KYC apps it doesn’t need a third. They’re treating CRO and the way they’ve implemented ULT like a web2.0 platform and not the web3.0 that it should be. It’s a retrograde step if you ask me.

**Source:** [https://x.com/solanapayments/status/2108637161985802517](https://x.com/solanapayments/status/2108637161985802517) Payment Channels went live on September 3, putting 1,000,000 payments per second on Solana. [@rishinsharma](https://x.com/@rishinsharma), Head of AI Growth at Solana Foundation, described the mechanic plainly: "Think of it like a bar tab or a prepaid meter: you put money down up front, run up usage without paying for each transaction, and settle payment once when you leave." Two weeks later a bank put stablecoins in its core. [@column](https://x.com/@column), the FDIC-insured bank behind Brex and Slash, made USDC and USDT on Solana convertible to and from dollars 24/7. The month closed with OUSD going live from [@openstandard](https://x.com/@openstandard). Stablecoin supply on Solana hit an all-time high of $17.3B on September 25. Daily stablecoin active addresses reached 888K in September, up 269% from 333K a year earlier. Solana carried 420M USDC transactions in a month and 76% of all [@x402](https://x.com/@x402) transactions, 23.2M in four weeks against 3.39M on the next-largest network. https://preview.redd.it/5d2288v3zkuh1.png?width=680&format=png&auto=webp&s=c08ebed4130d4be5b4b8eba3f5d1d7cbd4e018a7 Here's what happened across September for payments on Solana: # Agentic Payments * Payment Channels shipped on Solana, taking agentic payments to 1,000,000 per second over [@x402](https://x.com/@x402) or MPP, with [u/@alibaba\_cloud](https://x.com/@alibaba_cloud) API endpoints payable through it on day one * Solana took 76% of all [@/x402](https://x.com/@x402) transactions, 23.2M in four weeks, and led both transactions and volume week after week * Solana processed 1.81M x402 agent payments in a single 24 hours ([@tokens](https://x.com/@tokens), Sept 2) * [@nansen\_ai](https://x.com/@nansen_ai) hit a weekly x402 ATH on Solana, settling more there than on all other networks combined, with agents buying its smart money data a cent at a time through [@PayAINetwork](https://x.com/@PayAINetwork) [https://x.com/solana/status/2095577162598236283](https://x.com/solana/status/2095577162598236283) https://preview.redd.it/jfy9jvp9zkuh1.png?width=560&format=png&auto=webp&s=e91508f25e23dd3c4e7cd9d8e77621c86cc4c1b2 # Banking & Stablecoin Issuance * [@column](https://x.com/@column), the FDIC-insured bank behind Brex and Slash, built stablecoins into its banking core, with USDC and USDT on Solana convertible to and from dollars 24/7 * OUSD went live on Solana from [@openstandard](https://x.com/@openstandard), issued by [@Stablecoin](https://x.com/@Stablecoin) with reserves at [@BlackRock](https://x.com/@BlackRock), [@Lead\_Bank](https://x.com/@Lead_Bank) and BNY, mintable and burnable 1:1 at no cost through [@BVNKFinance](https://x.com/@BVNKFinance), [@stripe](https://x.com/@stripe) and [Visa](https://x.com/@Visa)'s Stablecoin Platform * CADD from [@TetraDigitalGrp](https://x.com/@TetraDigitalGrp) launched on Solana, bringing the Canadian dollar onchain for payments, transfers, treasury and settlement * ZARsc, a Rand-pegged stablecoin, went live on Solana, issued by [@supercoinxyz](https://x.com/@supercoinxyz) under an FSCA licence with custody by [@fireblocks](https://x.com/@fireblocks) and screening by [@Chainalysis](https://x.com/@Chainalysis) # Business Payments & Treasury * [@altitude](https://x.com/@altitude) acquired Acctual, a stablecoin-native invoicing platform, and opened four new markets: UK, Mexico, Brazil and Colombia * $2.44B in stablecoin volume was authorized through [@multisig](https://x.com/@multisig) on Solana in August, a monthly ATH and more than double July ([@surfquery](https://x.com/@surfquery)) * [@cloak\_ag](https://x.com/@cloak_ag) shipped private payroll on Solana * PST by [@humafinance](https://x.com/@humafinance) became the largest yield-bearing asset on Solana # Cards & Spending * [@KASTxyz](https://x.com/@KASTxyz) passed $2B in all-time deposits after five consecutive weeks of growth ( [@Paymentscan](https://x.com/@Paymentscan)) * [@NOMADZxyz](https://x.com/@NOMADZxyz) opened flights and stays to stablecoin payments on Solana, 300+ airlines and 1M+ stays, with a 3% saving for paying in stablecoins # Remittances & Cross-Border * Everything on remittances sits in Solana Foundation's report, [An Evolution of Money Movement](https://solana.com/reports/remittances-report): the composable stack, five business models beyond money movement, four entry paths, and corridor deep dives for US to Mexico, Brazil, Nigeria, the Philippines and India # Tokenized Cash & Capital * Africa's biggest IPO opened for subscription with stablecoins on Solana: the Dangote Petroleum Refinery offer, live on [@Nectar\_finance](https://x.com/@Nectar_finance) and powered by [@GetEquity](https://x.com/@GetEquity), with a ₦10,000 minimum and the offer closing October 13 * Project Harmonia opened for applications. [@Allfunds](https://x.com/@Allfunds) connects 3,300+ asset managers and financial institutions with €1.9T under administration, and tokenized funds on Solana can now apply to reach them [https://x.com/Nectar\_finance/status/2099531191246369093](https://x.com/Nectar_finance/status/2099531191246369093) https://preview.redd.it/6ggjx2jnzkuh1.png?width=448&format=png&auto=webp&s=f63868718879f6fc625e711106dc52d3eacc9843 # Data * Stablecoin supply on Solana hit an all-time high of $17.3B (Sept 25) * Daily stablecoin active addresses reached 888K in September, up 269% from 333K a year earlier * 420M USDC transactions settled on Solana in a month (Sept 18) * Solana is #1 for monthly USDC senders at 6.2M in 30 days, 42% of everyone sending USDC and 2.5x the next network (Sept 9) https://preview.redd.it/zwyowyoozkuh1.png?width=680&format=png&auto=webp&s=4c5965e9f670f3cc1a5213059f5b5e0e63de77ca # Solana Foundation * Jamal Raees ( [u/@proofofjamal](https://x.com/@proofofjamal) ) was named General Manager of Payments at Solana Foundation on September 24, working with payment companies and enterprises to expand Solana as global payments infrastructure. He joins from Polygon Labs, and before that Bridge and Wyre * Rachel Conlan was named Chief Strategy Officer the same day, leading strategy across institutional partnerships, ecosystem growth and go-to-market. She joins from three years as Global CMO at Binance, and before that OKX, CAA Sports and Havas. # On the Mic * [@afscott](https://x.com/@afscott)'s Solana is Global ran Rene Michau of [@StanChart](https://x.com/@StanChart) on tokenization, stablecoin infrastructure, and what a bank has to build before it can custody and move digital assets at scale * [@amiravalliani](https://x.com/@amiravalliani)'s Bits to Bricks ran [@0xErbil](https://x.com/@0xErbil), CEO of [@humafinance](https://x.com/@humafinance), on trade finance: an invoice paid in thirty days, a supplier who needs the money now, and who charges for the gap * [@nocircuit](https://x.com/@nocircuit)'s The Stack ran Peter Tapling, former CRO of Zelle at Early Warning, on the plumbing that makes card payments feel simple and what digital money has to build to match it * Lily Hansen-Gillis of [@tetradigitalgrp](https://x.com/@tetradigitalgrp) on bringing Canada's first regulated stablecoin to Solana: "We didn't pick Solana for speed. It's a network we can take to a large institution considering onchain rails." * [@proofofjamal](https://x.com/@proofofjamal), General Manager of Payments at Solana Foundation, on onchain payments becoming the newest infrastructure for moving money across borders [https://x.com/humafinance/status/2104231792018657577](https://x.com/humafinance/status/2104231792018657577) https://preview.redd.it/hoigtbuuzkuh1.png?width=560&format=png&auto=webp&s=b9a4f7f2b9e762171d54437f1d3c35ef77815cda

An empty push that lined the pockets of celebs and created a frenzy of bagholders, shortly followed by CRO dropping to a fraction of its value.

A cringe that push CRO to $1. I would happily do that again.

These are good if you're already holding sizeable bag of CRO, but it won't attract fresh money. Crypto.com focus is to attract fresh money, new users, average joe, hence marketing and card perks are important. I have to admit though, they do all of these attracting new users by sacrificing loyal early investors, and hoping the fresh money is enough to bring profits and lift CRO price.

This is valid only if the people in charge of [Crypto.com](http://Crypto.com) and Cronos ecosystem are well intended people. If you know you aren't, just ignore it. You have a community that is comparable to BNB in numbers and willingness to invest. The only thing keeping this chain at 3% of BNB value is only due to the management and practice that look more like scammers than genuine people From now on: Don't invest more in marketing than you do in buybacks from open market Don't increase the card benefits again, they are decent as they are and I think I speak for many that it is better to keep them as they are, rather than having them increased only for 10 months Burn at least 30 Billion coins, with B Make all the buybacks public, with scheduled dates where everyone can see Open megathreads here in reddit where the management actuallly covers legit inquiries from anyone Make the locking CRO feel more optional. Add the option to get out of any locks (both on the Exchange and on the App) if you pay for any coins you gained from the beginning of the lock, plus a small fee if you want to be extra about it. Make the benefits and tiers according to the previous 90 days average balance(calculated each day at at 01:00 UTC). So users can plan for themselves and decrease the probability of sells on price hikes.