2025-12-12 05:25:49

A major Wall Street bank just moved $50 million in commercial paper using USDC on Solana. Think about this: the commercial paper market sits at $1 trillion. Now it has a settlement rail that actually works.

Circle's taking 2.5 basis points on every transaction. Run the numbers—if just 1% of that market shifts onchain, that's $250 million in annual revenue. And here's the kicker: every institution that jumps in next becomes another data point locking USDC as the standard.

The settlement currency war? Might already be over.

USDC0.03%

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ShortingEnthusiast

· 12-14 03:21

Well... let's not talk about winning or losing first, Circle's fee structure is indeed quite harsh haha --- Wait, is it over already? Feels like something is still missing --- 1% sounds easy, can it really be transferred over? Or is it just another dream --- Will Wall Street really let USDC be pegged to them... I have some doubts --- 250 million annual revenue sounds good, but unfortunately, there will definitely be other competitors popping up then --- Recently, Solana is everywhere, it's a bit over the top --- Has the settlement war already ended? I don't think so, everyone, let's not be too optimistic

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ser_ngmi

· 12-13 11:50

Everyone is starting to use USDC now, Solana really won this round.

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LiquidityNinja

· 12-13 10:44

Wow, Solana is really going crazy this time, even Wall Street folks have to bow down. Circle's move is amazing, just lying back and counting money... Only 1% to earn 250 million? Who can withstand this? USDC is truly winning, by the way, what are other chains' stablecoins still doing? Once the institutional advantage is locked in, it's game over; later entrants have to accept USDC as the standard. This speed is really outrageous, it feels like the entire game rules have been changed.

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MeaninglessGwei

· 12-12 05:54

The Wall Street guys finally understand how awesome Solana is Really? 1% just 250 million? Circle must be laughing to death Wait, what about the other stablecoins? Are they just done for? It has to be said, USDC's move was really aggressive, once big institutions entered, it was locked in The statement that the settlement war has already ended is a bit absolute... but the trend is indeed clear

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LiquidationSurvivor

· 12-12 05:50

Wall Street is getting serious now, this time USDC's position is secure.

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FrontRunFighter

· 12-12 05:49

wait hold up... they're really just gonna let circle extract rents like that without pushback? 1% of a trillion dollar market and suddenly we're all locked in. this is how monopolies happen fr fr

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GasFeeCrier

· 12-12 05:40

Solana has really taken off now, traditional finance is starting to use it.

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SigmaBrain

· 12-12 05:36

This time it's really time to turn things around, big institutions are starting to get involved.

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degenonymous

· 12-12 05:31

Now it's really happening, traditional finance has finally bowed and conformed.