Harshil Shah

Vietnam just launched a national blockchain platform. And it's not just for crypto. It’s for nationwide data infrastructure. 👉 Digital identity 👉 Product traceability 👉 Government records 👉 Smart contracts 👉 Scalable public-private validation Meet NDAChain, a Layer 1 permissioned blockchain, built with 49 validator nodes from both government and private sector giants like Zalo, Masan, MISA, and the Ministry of Public Security. This isn’t a test. It’s the backbone for Vietnam’s digital economy. They’re blending: ✅ Centralized control  ✅ Decentralized trust  ✅ Real-world integration Why it matters: ↳ Verifies citizen identities across 100M+ people ↳ Secures real-time data for public services ↳ Complies with GDPR & W3C DID ↳ Uses ZKP, PoA consensus & supports 3,600 TPS ↳Already integrates with EU’s EBSI system ↳Open for Layer 2 innovation & startup ecosystem Vietnam’s strategy is clear: Blend decentralization + governance. Build digital trust at scale. And open doors for global trade & innovation. This is what forward-thinking national digital infrastructure looks like. Next two weeks in Vietnam is going to be big . GM Vietnam and ETH Vietnam are two largest events in Hanoi and Ho Chi Minh City. We will host Web3preneur Vietnam edition Let's explore Vietnam Ecosystem together . Let's Connect #Blockchain #DigitalIdentity #Vietnam #NDAChain

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Coinbase just unlocked 75M potential new crypto users with one move. Samsung is integrating Coinbase into Samsung Wallet across its Galaxy ecosystem. That means crypto access becomes native to 75M+ Samsung users in the US. No new app. No downloads. No friction. → Users can buy crypto directly through Samsung Pay and manage it inside Samsung Wallet. → Coinbase One perks (no fees, staking rewards) and $25 credits make it even smoother. For now, it’s launching in the US, with global expansion coming soon. This is how mass adoption will actually happen. Not through new tokens or hype cycles. But through crypto and non-crypto partnerships that quietly bring blockchain into products people already use every day. Think about it. • Apple didn’t invent payments — they embedded them into iPhones. • Coinbase isn’t reinventing wallets — it’s embedding itself into the devices of millions. Every integration like this expands the on-chain user base far beyond the “crypto crowd.” It’s not education that scales adoption. It’s distribution. The next wave of growth won’t come from new protocols. It’ll come from strategic bridges like this where crypto becomes invisible, but indispensable. P.S. Which wallet do you think will be next to embed crypto by default? ♻️ Repost this to help others in your network. 📌 And follow Aram Mughalyan for more content like this.

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Stablecoins live and die by their issuers. The peg alone doesn’t make them safe, What really counts is the issuer’s liquidity, compliance & the ability to survive stress. so here’s my take on the Stablecoin Issuer Tier List (2025) 🪙 🐂𝗕𝘂𝗹𝗹 𝗧𝗶𝗲𝗿 (𝘁𝗵𝗲 𝗶𝘀𝘀𝘂𝗲𝗿𝘀 𝘁𝗵𝗮𝘁 𝗿𝗲𝗮𝗹𝗹𝘆 𝗮𝗻𝗰𝗵𝗼𝗿 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁) ⟢ @Tether_to : The biggest settlement rail in crypto. Unmatched liquidity everywhere, but no full audit = a constant risk premium. ⟢ @circle : Compliance-first with Big Four attestations. Trusted by banks/fintechs, the closest thing to “regulated money” onchain. ⟢ @SkyEcosystem : actually cycle-tested and now bridging RWAs into DeFi. i sensed proven resilience + scaling for Bull. ⟢ @LiquityProtocol : Tiny float but the hardest decentralized issuer. ETH-only, immutable & censorship-resistant. 🦀𝗖𝗿𝗮𝗯 𝗧𝗶𝗲𝗿 (𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗼𝗿𝘀 𝘄𝗶𝘁𝗵 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 𝗯𝘂𝘁 𝘁𝗿𝗮𝗱𝗲-𝗼𝗳𝗳𝘀) ➜ @fraxfinance : Hybrid + AMO playbook = capital efficiency. But governance/parameter risk keeps it here. ➜ @ethena_labs : Explosive growth with delta-hedge synthetic model. Adoption is real, but untested in a funding crisis. ➜ @paxos : USDP + PYUSD are compliance-first. Strong rails, but adoption still mid-tier vs leaders. ➜ @aave : GHO is overcollateralized and well integrated in Aave markets, but liquidity is still niche. ➜ @Ripple : Licensed + NYDFS-approved with ~$700M float. but usage is mostly confined to XRPL/Ethereum. ➜ @circle EURC: MiCA-aligned euro rail. it's strategic in EU, but dollar stables still dominate globally. 🐻𝗕𝗲𝗮𝗿 𝗧𝗶𝗲𝗿 (𝗰𝗿𝗲𝗱𝗶𝗯𝗹𝗲 𝗯𝘂𝘁 𝘀𝗺𝗮𝗹𝗹, 𝘀𝗵𝗮𝗸𝘆 𝗼𝗿 𝗲𝗮𝗿𝗹𝘆) ➺ @FDLabsHQ : Grew fast on Binance rails. It's not “shady” but over-concentrated on one venue. ➺ @Gemini : GUSD) is Fully compliant but float + usage are tiny rn. ➺ @tusdio : TUSD got a trust eroded by custodian/reserve issues & liquidity is fragmented. ➺ @MountainUSDM : Transparent with yield-pass design. but its still early & needs integrations. ➺ @worldlibertyfi : has BitGo custody & compliance pitch, but adoption has barely started. ➺ @usualmoney : USD0++ depeg & poor comms wrecked trust. i'd say its still recovering. ➺ @FalconStable : Growth & partnerships are on paper, but 90% supply stuck on Ethereum. tbh it's too thin for higher tier. ➺ @A7A5official : sanction-driven rails & peg instability. i'd say not a safe issuer. now 𝗳𝗿𝗼𝗺 𝘄𝗵𝗲𝗿𝗲 𝗶 𝘀𝗲𝗲 𝗶𝘁 ~ stablecoin issuers aren’t equal. some win on scale, some on compliance, some on decentralization.🤷‍♀️ What would your Bull, Crab and Bear tier list look like?🤔

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The market crash on October 11 looked chaotic, but the sequence was clear. Roughly $60–90M in USDe were sold on Binance together with wBETH and BNSOL. That move exploited a pricing flaw - collateral was valued through Binance’s own orderbook instead of external oracles. Within minutes, the imbalance triggered $500M–$1B in liquidations, which spread across exchanges and erased over $19B in total positions. Meanwhile, fresh wallets on Hyperliquid opened $1.1B in BTC and ETH shorts, generating $192M profit as prices collapsed. Then came Trump’s post: “Don’t worry about China, it will all be fine!” The message calmed markets just enough to stop the bleeding - and turn fear into rebound. Macro headlines about tariffs blended perfectly with the exploit, amplifying volatility to historic levels. This wasn’t a stablecoin issue or a random crash. It was a coordinated play that hit a technical weakness and used global news as cover. The lesson is simple: in today’s market, one bug and one tweet can move trillions.

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I simplified yield-bearing stablecoins so you can understand how they work, how they differ from trad stablecoins, their yield mechanisms, where the yield comes from and more (+ Ondo Finance case study): By default, a stablecoin doesn’t inherently pay you interest just for holding it. The “yield” comes from what you do with the stablecoin (lending, staking, liquidity provision). This changes for yield-bearing stablecoins. Now we are going to see why. The current debate often frames traditional stablecoins and yield-bearing stablecoins as competitors. But they serve complementary purposes: - one designed for utility - the other for productivity Traditional stablecoins excel in liquidity, speed, and transactional efficiency, while yield-bearing ones prioritise capital efficiency and preservation through passive yield. Read more here below. - ❇️ Share it if you find it valuable, comment with your thoughts and follow to keep learning about stablecoins and the future of e-money.

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Introducing ZEX v0.1, a confidential peer-to-peer DEX that requires no protocol-level modifications or co-processors to operate. Ethereum is transparent. And this transparency is its boon and bane. On the one hand, we want availability and auditability of transactions, but on the other, privacy and confidentiality of our actions and decisions. What if we just combined the best of both worlds? But there is a problem. Privacy assumptions impose very tight constraints, making DeFi use cases almost impossible to implement. Confidential tokens are usually very limited in functionality, enabling only encryption of balances and push-only transfers. The ZEX v0.1 protocol aims to defy the odds. It extends the cWETH-like confidential tokens with confidential approvals and transferFrom operations, allowing confidential peer-to-peer swaps (and other protocols) to be implemented. Although very heavy on the UX side, requiring multiple ZK proofs to be verified within the same transaction, and potentially leaking confidentiality in some edge cases, ZEX shows that native confidential DeFi on Ethereum is not a dream anymore. - Check out the full specification attached! *ZEX is still a draft and there are security issues to consider. We will work to properly address them in the future revisions of the protocol.

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