Payments are emerging as a meaningful source of incremental U.S. Treasury demand from stablecoins. @trondao accounts for 71% of filtered stablecoin payment volume in our analysis, with ~$86B in stablecoin supply on the network. Much of that activity serves as a low-cost payment and dollar-storage rail, particularly in markets where access to traditional dollar banking is limited. When stablecoins replace local currency or informal dollar instruments rather than an existing U.S. money market fund, the Treasury demand they create is much more incremental. Stablecoins are increasingly global dollar infrastructure. Read the full report from @CitizensBank + Allium:

Payments no longer begin in one place. A scan at the counter. A card while travelling. An online checkout. An AI agent acting with permission. Different entry points, one shared job: move value from one side to the other. See how APC’s products and planned capabilities connect ↓

Payment update 🐳 We’re sorry to users who paid but didn’t see their balance updated. Like many popular open-source projects, we’ve been dealing with a ridiculous amount of credit card fraud recently. While tightening our defenses, some legitimate payments were caught as false positives. We’ve just shipped additional fixes. Things should be much smoother now. If you're still having issues, please leave us a message and we’ll get it sorted 🐳

Payments may be local. The network doesn’t have to be 🌍 APC supports payment connectivity across: → Thailand → Vietnam → The Philippines → Indonesia → Nigeria → Brazil → Georgia → CIS Region One growing network for people, businesses, and AI agents.

Payments. Treasury. Settlement. Tokenized capital markets. All of it stalls when balances are visible to everyone, including your competition. Justus Delp of @MerkleScience talks about how privacy and confidential transfers can fix this and help blockchain scale.

Payment accounts at the Fed are an important step toward modernizing the U.S. payment system—and we want to see them actually work. That's why @coinbase filed comment letters with the @federalreserve this week. Our message is simple: expand access, but build a framework that's viable in practice. Three fixes matter most. - First, these accounts should earn interest on at least a threshold portion of balances. - Second, any overnight balance limit should be tailored to an institution's demonstrated payments needs. - Third, oversight should match the actual risk. Get these details right, and payment accounts can lower costs, strengthen competition, and keep the U.S. at the frontier of global payments.

Payments don't work when you need a separate asset to move your funds. The average fee on Tempo is <$0.001 and can be paid with any stablecoin, so teams can build payment flows without any surprises or extra costs. Learn more: