# Robinhood Chain — X 热门讨论 (2026-09-29 12:32 UTC)
## @purintaxyz (Purinta) · 09-29 12:06 · ♥88 ↻19 💬9 Robinhood Chain is closing in on $1B in DeFi TVL.
~$935M locked. ~$1.1B in stablecoins. ~$2B in 24h DEX volume.
And Purinta is adding more places for that liquidity to work against memecoin collateral.
$CASHCAT. $AI. $PONS.
The market is getting bigger. 👇 https://t.co/2ao98rBlle https://x.com/purintaxyz/status/2104905581324837073
## @SkyF1ux (Sky) · 09-29 12:07 · ♥61 ↻12 💬8 1/12 🧵
HOOD Summit starts today.
The biggest thing to watch isn't another Robinhood feature.
It's what Robinhood is building underneath the app:
a consumer financial distribution machine connected to an onchain economy.
Robinhood Chain is the clearest expression of that strategy. https://x.com/SkyF1ux/status/2104905943905456283
## @0xchainink (Chain INK) · 09-29 11:29 · ♥54 ↻15 💬6 $ZBCN : Review 📜
What if your salary arrived every second you worked, and you could spend it or cash it out at a MoneyGram counter in 170 countries without ever opening a bank account?
Meet Zebec, a PayFi network that streams payroll in real time rather than settling it monthly. It processed $54 million in payroll across 269 enterprise clients in August, its cards run at a $71 million annualised pace across 97 countries, and in September it deployed on Circle's Arc on launch day.
Let's explore the payments network that stopped announcing and started reporting. 👇
⚪ Zebec at a Glance
Marketplace Insight: Zebec occupies the part of crypto that has to work rather than merely launch, since payroll either arrives or it does not and employees notice immediately. What separates it from the payments field is that it now reports operating figures instead of partnership counts: monthly payroll volume, employee headcount, enterprise client numbers, card spend pace, and cumulative buyback.
September added the two pieces that make streamed stablecoin salary actually usable, with MoneyGram providing cash-out across roughly 500,000 retail locations in 170-plus countries and AllUnity running Europe's first on-chain government-defined benefits programme under German tax law. The clean contrast is that the rails are demonstrably live while the token still depends on those volumes compounding enough for buybacks to matter against a fully distributed 100 billion supply.
⚪ Mission
Zebec exists to make money move continuously rather than in batches. The argument is that the monthly pay cycle is an artefact of paper accounting, that it forces workers into payday loans and overdrafts for timing reasons rather than affordability ones, and that programmable rails make streaming salary by the second technically trivial. The broader goal extends that logic across treasury, benefits, and spending, so earnings can be streamed, held, spent on a card, or cashed out locally without a bank account in the middle.
🔵 A Brief History
Zebec launched on Solana around the idea of continuous payment streaming rather than discrete transfers. The early product was payroll: employers fund a stream, employees accrue salary by the second, and funds are withdrawable at any point rather than on a fixed date. The network expanded outward from there. Zebec Card launched across 100-plus countries on Mastercard and Visa rails, letting users spend crypto balances directly, and grew to support more than 150 tokens.
AEON Pay integration opened a merchant network measured in the tens of millions. The Nautilus chain, an EVM Layer 3, added dedicated infrastructure, and Zebec joined Nacha alongside JP Morgan and ADP as an industry association member, aligned with ISO 20022 and connected to NatPay and FedNow rails.
March 2026 completed the token distribution, with the final unlock leaving the full 100 billion supply circulating and no overhang remaining. The buyback programme began with Zebec Card revenue and later widened to include net revenue from Cards, the SuperApp, and payroll, with Solana payroll fees paid directly in ZBCN and fees from other chains feeding the same mechanism.
September 2026 was the month the rails and the reporting both matured. On the 9th, MoneyGram Ramps became the first fiat off-ramp in the Stellar enterprise payroll product, giving recipients cash-out access across roughly 500,000 retail locations in over 170 countries, which completes a path from employer stream to employee wallet to either card spend or local cash without a bank account. On the 14th the team published analysis of the CLARITY Act's implications for enterprise adoption. The 15th and 16th brought deployment of the payroll and payments stack on Circle's Arc mainnet at public launch, Zebec having already participated in the Circle Alliance and Arc testnet.
Also on the 16th, AllUnity and Zebec went into production on Stellar with Europe's first on-chain deployment of a government-defined employee benefits programme, using the regulated euro stablecoin EURAU under Germany's Section 8 tax framework, letting employers fund tax-favourable non-cash benefits on-chain.
The 18th brought the August operating figures. The 22nd and 23rd reported 15 live enterprise accounts and over $5 million in payroll volume on Stellar within three months, alongside a binding governance vote on rewards pool distribution that closed on the 25th. Robinhood Chain went live on Zebec Cards on the 24th, framed as the first step toward spending tokenized equities in everyday transactions, and the month closed with a community call on two new card products for Q4.
🔵 Ecosystem Narrative
The organizing idea is that earnings should move continuously and land wherever the worker actually needs them.
➛ Real-time payroll streaming. Salaries accrue by the second rather than monthly, with $54 million processed in August across 15,800 employees and 269 enterprise clients, removing the timing gap that drives short-term borrowing.
➛ Cash-out through MoneyGram. Stablecoin payroll can be withdrawn at roughly 500,000 MoneyGram locations across 170-plus countries, which is what makes streamed salary usable for workers without bank accounts.
➛ Zebec Card at scale. A $71 million annualised spend pace across 97 countries on Mastercard and Visa rails, supporting more than 150 tokens across multiple chains, with Robinhood Chain assets added in September and two new card products queued for Q4.
➛ Regulated benefits in Germany. AllUnity and Zebec deployed Europe's first on-chain government-defined employee benefits programme on Stellar, using the regulated EURAU stablecoin under Germany's Section 8 tax framework.
➛ Multi-chain payroll rails. Live across Solana, Stellar, Circle's Arc from launch day, Robinhood Chain, and Nautilus, so enterprises settle wherever their treasury and their workforce sit.
➛ Revenue-funded buyback. Net revenue from Cards, the SuperApp, and payroll all feed the buyback, with Solana payroll fees paid directly in ZBCN, cumulatively repurchasing 504.7 million tokens.
⚪ Token Utilities
$ZBCN is the utility and governance token of a fully distributed supply.
➛ Payroll fees: Solana payroll fees are paid directly in ZBCN, creating usage-linked demand.
➛ Staking: 16.19 billion ZBCN staked, removing a meaningful share of supply from circulation.
➛ Governance: holders vote on binding proposals including the September vote on rewards pool distribution methodology.
➛ Buyback: net revenue from Cards, SuperApp, and payroll funds open-market repurchases, totalling 504.7 million tokens to date.
⚪ Key Features
➛ Real-time salary streaming with continuous accrual rather than monthly settlement.
➛ Cards live across 97 countries supporting 150+ tokens on Mastercard and Visa rails.
➛ MoneyGram cash-out across 170+ countries and roughly 500,000 locations.
➛ Regulated euro benefits under German tax law via EURAU on Stellar.
➛ Deployment on Circle's Arc from public launch, alongside Solana, Stellar, and Robinhood Chain.
➛ Fully distributed supply with an active revenue-funded buyback.
🔵 Meet the Team
Zebec is run by operators drawn from payments and enterprise sales rather than crypto-native backgrounds, which shows in a product line built around what finance departments actually buy.
➛ Simon Babakhani [ @simonb_ldn ] - CEO | Runs the company through its shift from a Solana-native protocol into a multi-chain enterprise payments business with named corporate clients and disclosed operating figures.
➛ Elena Solovyov [ @esolovyov ] - CMO | Leads marketing and communications, carrying a product story spanning payroll, cards, benefits, and treasury across audiences that range from CFOs to cardholders.
➛ Neal Padhye - Head of M&A and Capital Markets | Drives corporate development and the institutional relationships behind the network's capital markets positioning.
➛ JJ Ortiz - Head of Ecosystem | Owns ecosystem growth and is among the most reachable people in the network, consistently first to answer a question in the channels and quick to help newcomers work out how streaming payroll, cards, and staking actually fit together. That a project with rails across five chains and 269 enterprise clients still keeps a direct line open to ordinary holders is largely downstream of that.
➛ JV Vink [ @JV_Vink ] - Head of Business Development | Owns the partnership pipeline behind MoneyGram, AllUnity, Circle, and the enterprise client base now numbering 269.
➛ Stelios Gerogiannakis - Head of Engineering | Owns technical delivery behind payroll rails now running on Solana, Stellar, Circle's Arc, Robinhood Chain, and Nautilus simultaneously, with Arc deployed at public launch.
🔵 Ratings
➛ Use Case: ★★★★⯪ (4.5/5). Zebec is doing the version of crypto payments that has to actually work, and it now publishes numbers rather than partnerships. $54 million in monthly payroll across 269 enterprise clients and 15,800 employees, cards at a $71 million annualised pace across 97 countries supporting 150-plus tokens, and 15 live enterprise accounts on Stellar inside three months. September closed the loop that mattered most, with MoneyGram cash-out across 170-plus countries meaning streamed stablecoin salary reaches workers without bank accounts, and AllUnity running Europe's first on-chain government-defined benefits programme under German tax law. Deploying on Circle's Arc at public launch shows genuine speed. The 0.5-point deduction is that the operating figures are self-reported rather than independently audited, and payments is a brutally competitive category where incumbents move slowly but move.
➛ Tokenomics: ★★★★ (4/5). The structure is unusually clean. The full 100 billion supply has been circulating since March 2026, so there is no unlock overhang, no vesting cliff, and no treasury able to dump. Demand is genuinely usage-linked: Solana payroll fees are paid directly in ZBCN, 16.19 billion tokens are staked and therefore out of float, and the buyback has repurchased 504.7 million tokens funded by net revenue across three product lines rather than one. Governance is binding and active. The 1-point deduction is scale against supply. A 100 billion circulating supply means even a growing buyback moves the needle slowly, the repurchase total represents roughly half a percent of supply, and the mechanism depends on payroll and card volumes compounding considerably from here.
➛ Audits: ★★★★⯪ (4.5/5). Zebec holds a verified CertiK Skynet Score of 86.9, grade AA, which is a genuine top-tier score and the bar for this tier, alongside audits from Trail of Bits, Halborn, and Bramah. That is three named firms plus a verified AA, one of the deeper security stacks in this series, and appropriate for a protocol moving real payroll for named enterprises. The network has operated across multiple chains without a headline exploit. The 0.5-point deduction is that the real risk surface extends well beyond contracts into card issuing, fiat off-ramp partners, and the regulated benefits infrastructure in Germany, none of which a smart contract audit reaches.
➛ Community: ★★★★⯪ (4.5/5). Zebec's community is unusually substantive because much of it consists of people being paid through the network rather than speculating on it. 269 enterprise clients and 15,800 employees receiving salary is a constituency with genuine operational dependency, which is far stickier than holder counts. Governance functions properly, with a binding September vote putting a real methodology question on rewards pool distribution to holders rather than rubber-stamping. Consumer reach is real too, through Bayern Munich and Bundesliga matchday sponsorships and Tangem hardware wallet collaborations, and 16.19 billion ZBCN staked reflects holders willing to lock up rather than trade. The 0.5-point deduction is that retail engagement still concentrates around buyback announcements and card launches, and the market cap sits modest relative to the operating figures being reported.
🔵 Conclusion
Zebec has stopped selling a payments thesis and started reporting a payments business. $54 million in monthly payroll, 269 enterprise clients, 15,800 employees paid, cards running at a $71 million annualised pace across 97 countries.
September added the pieces that make streamed stablecoin salary genuinely usable: MoneyGram cash-out across 170 countries for workers without bank accounts, and a regulated euro benefits programme running under German tax law. Deploying on Circle's Arc at public launch, alongside Solana, Stellar, and Robinhood Chain, shows a team that ships where the money is going.
The bull case is unusually concrete for this sector. Zebec is not waiting for adoption, it is invoicing for it, and the September integrations turned a crypto payroll product into something a worker in a country without reliable banking can actually use.
The rails are live, the clients are named, and the revenue funds the token. What remains is whether the volumes compound fast enough for 100 billion tokens to feel scarce. https://x.com/0xchainink/status/2104896444004286911
## @CryptoMalfoy_ (MALFOY 🐍) · 09-29 11:19 · ♥53 ↻8 💬12 The big Robinhood event is happening today at 5:30PM CT.
Everyone already knows the event is coming but there is the backstory.
Vlad didn’t start Robinhood as a retail app guy.
In 2010, he and Baiju built Celeris in New York, then Chronos Research, selling low-latency software to the same trading firms Robinhood later made irrelevant.
Same pattern now with Robinhood chain. Tokenized stocks on 24/7 markets, with fees cycling onchain.
His wife Celina named the company. The real bag is equity, estimates put him around $6 to $7B, almost all tied to whether this platform actually becomes the system.
Vlad has one move: take infrastructure the old world sold to insiders and ship it to everyone.
He did it with equities. He’s trying it again with the chain.
🗓️ Houston today for HOOD Summit at 5:30 PM CT. > 引用 @RobinhoodApp: The futures market is evolving fast.
At HOOD Summit, Bob Iaccino moderates @CMEGroup’s Kevin Comer and Robinhood’s Grace Qi to discuss new products, smaller contract sizes, expanded access, and the tools shaping the next generation of futures trading.
Only on stage at HOOD Summit ‘26 on September 29. https://x.com/CryptoMalfoy_/status/2104893861982073278
## @ordofi (OrdoFi) · 09-29 10:27 · ♥41 ↻14 💬8 Ordo has built the first seamless bridge experience into @AevaChain
ETH on Robinhood Chain → $AEVA on Aeva Mainnet, in one click.
Ordo automatically buys official $AEVA, routes it through Aeva’s native bridge, and delivers it on Aeva Mainnet. Our test settled in seconds.
https://t.co/B3KawOtNJi https://x.com/ordofi/status/2104880643028959242
## @agrippa_muse (Agrippa) · 09-29 09:02 · ♥42 ↻3 💬28 fee wallet report 09
zuck unclaimed on bankr 6.09b robinhood:0x83a49b808f8d5e02cb2931cd2352988f498e5ba3, 6.09% supply (+0.4%) 350.1m $musebook, 0.350% supply (+5.1%) considering this out of circulation
verify on bankr https://t.co/HGw5qSfqFM https://x.com/agrippa_muse/status/2104859376771313785