# stablecoins — X 热门讨论 (2026-09-25 15:06 UTC)
## @insomniacxbt (insomniac) · 09-25 14:21 · ♥102 ↻11 💬10 ok now let's zoom out
hottest narrative = stablecoins x equities (basis) bought back seed investors bags supply overhang not rly an issue now does generate revenue just enabled basis trade w equity perps (binance) flipped the largest resistance level (0.20) team worked incredibly hard during the bear deviation
and no, i am not an investor i just appreciate good projects and nice charts.
$ENA > 引用 @insomniacxbt: nice consolidation above the 10/10 wick for $ENA
bought back seed investors bags no supply overhang does generate revenue token aligned stablecoin narrative
starting to buy some here. https://t.co/hBGjjjQ6cH https://x.com/insomniacxbt/status/2103490152450724232
## @AustinBarack (Austin Barack) · 09-25 14:06 · ♥82 ↻11 💬6 $ENA is one of the primary beneficiaries of more trading activity leading to higher yields and in turn reflexive growth of USDE and now with this expansion their serviceable addressable market expanded massively. In my opinion most liquid allocators are meaningfully undersized Ethena when considering the scale of the opportunity. Just as a reminder there are only 4 stablecoins which have real scale, network effects, and distribution and USDE is one of them (and I think the top one outside of USDT and USDC) > 引用 @ethena: Ethena is partnering with @Binance as our first venue for the extension of the basis trade into equity perpetuals, one of the most exciting updates to the USDe collateral backing since launch.
This expands the addressable market of underlying collateral from $2.5 trillion of crypto to $150 trillion+ of real-world assets.
As part of the partnership, bStocks will serve as tokenized spot collateral, hedged with Binance USDT-denominated equity perpetuals - the same delta-neutral structure Ethena has securely executed across crypto assets since inception.
Importantly, Binance provides lower ADL priority for eligible delta-neutral accounts including Ethena's, adding another layer of risk mitigation for USDe holders.
Binance equity basis has averaged ~11%+ annualized over the past 6 months, while open interest has grown on average ~30% per month in the last 3 month period.
We expect the market opportunity size for equity perpetuals to far exceed the $15b+ of crypto perpetuals captured by Ethena last cycle.
Allocations begin today. https://x.com/AustinBarack/status/2103486418760659167
## @syIFeth (𝗦𝘆𝗶𝗳) · 09-25 13:31 · ♥40 ↻0 💬56 Your Camera is Now an API Endpoint
Here's the shift most people haven't internalized yet:
In the old internet, humans consumed what machines produced. In the agentic internet, humans are the sensor layer machines consume from.
@vangrid_io just made this concrete:
🔹 An agent needs visual coverage of a place 🔹 It posts a bounty location, angle, deadline 🔹 USDC locks in escrow on Base via x402 🔹 A human with a phone captures it 🔹 Payment releases the moment the frame is verified
No SaaS contract. No enterprise sales call. No "let me get back to you next quarter."
Just a wallet-to-wallet transaction between an AI and a human, settled in seconds.
This is what "humans as infrastructure" actually looks like. Not gig economy apps with 30% take rates. Direct, programmable, on-chain coordination between agents and the people who can see what they need to see.
The implications are wild:
🔸 Logistics agents commissioning loading dock footage in real time 🔸 Insurance agents capturing storm damage the moment it happens 🔸 Mapping agents filling coverage gaps the same hour they appear 🔸 Security agents verifying physical conditions without deploying staff
The data vendor model is dying. The data market model is here and it's permissionless, instant, and settled in stablecoins.
What's the first physical thing you'd want an agent to capture for you, right now, if the bounty board was open? https://x.com/syIFeth/status/2103477483958079561
## @conorfkenny (Conor Kenny) · 09-25 14:18 · ♥50 ↻9 💬5 Coinbase CEO Brian Armstrong says crypto and stablecoins could become the preferred payment method for AI agents. https://t.co/y9hY7ShzvM https://x.com/conorfkenny/status/2103489335995908173