Eco

Out here, everything depends on the Stables. And, the Stables are being tamed by a new breed of pioneer. Build with Eco, and you, too, can Unleash the Stables. Learn more at UnleashTheStables.com

Phenomenal stablecoin deep dive from the Dune and Artemis teams!

The Ecosystem is growing! Introducing the new Eco Foundation, a non-profit entity promoting the independent development and growth of the Ecosystem—Eco and its community. Follow the Eco Foundation on X for all things related to the Ecosystem: https://x.com/ecofnd

How does the Eco Routes SDK make it easy to enable deep stablecoin liquidity? Eco Inc.'s Developer Dirk Page explains in 90 seconds:

The easiest way to send stablecoins between chains is here–the Eco Portal! Powered by Eco Routes, the Portal enables seamless transfers between Ethereum, Arbitrum, Base, Optimism, & Polygon Labs (with more coming!). Try Routes on the Portal now: https://lnkd.in/ecUx7vt8

Eco Routes is the simplest integration for your app to access deep stablecoin liquidity with the lowest fees and fastest execution. The Eco Routes SDK is now publicly available, enabling stablecoin transfers between Ethereum, Arbitrum, Base, Optimism Foundation, and Polygon Labs. Eco Routes supercharges any Ethereum app to easily source stablecoin liquidity and onboard stablecoin holders. With the Native and Hyperlane Routes currently live, developers can choose the most suitable option for their app. More Routes and chains are coming soon! Eco Routes are already in the wild. Caldera and Superbridge are just two of the early partners using Routes to source stablecoin liquidity. Opening the Routes SDK is just the next step toward launching the new Eco Protocol ?? As always, if you’re interested in integrating Eco Routes or connecting with the team, we’re here to help!

Stablecoins will eat payments because of simple incentives: stablecoins improve payment processors margins for the first time! Who doesn't want a 5-7x increase in transaction revenue? Credit Cards take 2.5% from merchants, but payments companies (Stripe, Visa, Venmo, Square, etc) only get ~0.15% (.0015)! With stablecoins, payment companies can take as much as 1%... a 5-7x increase in profit while still slashing merchant fees by 60%. Payment companies can use these new profits for rewards, loyalty, product improvements, or go to market. This is an engine that can drive adoption! I have previously made the point that Walmart, Chipotle & Krogers might grow 62%, 12% & 105% by reducing transaction fees via stablecoins, but payments are not their business. After all, stablecoins can be sent for less than $0.01, are programmable, and send instantly. But the payment companies (PSPs, card networks, wallets, p2p payment apps) have an even bigger opportunity: they can 5-10x their transaction take rate by cutting out the issuing banks! Stripe is an early example of this: they take 1.5% for stablecoin transactions, ~10x their typical rate. Our estimates indicate this results in a 115bps net margin per transaction after ramping and other costs. Even as competition increases, the possibility for take rate expansion is too good. Companies like Adyen, Visa, Venmo, Square, and many more should be competing for a slice of the pie that is now available. So why hasn't stablecoin adoption happened yet? 1. Companies aren't ready 2. Users don't like switching payments ??♂?... But it IS happening - market forces just take time. In the last 3 months, I've met with ~15 companies doing stablecoin payments and growing 10-30% MoM! The dynamic is simple: payments companies are directly incentivized to look into a new payments market structure that allows them to expand their margins. They can do this by onboarding new users into stables. Today, these companies need to build for the users that are already using stablecoins or have the greatest need for a fast, low-inflation, programmable dollar. And as regulatory, compliance, privacy, and integrative challenges are solved, more users will be ready, willing, and able to onboard. This is the stablecoin network effect. Every person, business, app, and device that is stablecoin ready makes it more valuable for the next user to spend, save, trade, or earn with stablecoins. Read more here: https://lnkd.in/e4_NkZ-z

Eco is now a part of the Circle Alliance Program! As a member, Eco aims to make all onchain stablecoin actions simple, one-click stablesend and strives to accelerate this goal with other leading companies in the Program. The Eco Protocol brings together: ?? Routes: Enabling fast, secure cross-chain USDC transfers across Ethereum L2s and L3s ?? Accounts: Creating seamless cross-chain experiences with chain-abstracted balances ??Crowd Liquidity: Aggregating stablecoin liquidity to power intuitive onchain experiences Looking forward to building new connections and continuing to innovate with $USDC to unify liquidity across the ecosystem! https://lnkd.in/gceyNsXV

User experience has been key for years, but it’s become even more critical for crypto adoption. At #InnovateDenver, Jay Kurahashi-Sofue explained why we need to streamline the on-chain experience.

ICYMI: Eco has a brand new website. Check out what we're all about at Eco.com