Some big whale decided to exit $CRED. At the same time, one of the better traders I know decided to buy @crediblefin. Does it matter? Yes, a little bit. I have my own thesis. I looked into CRED again, and it still looks great to me, with plenty of potential catalysts ahead, like an announcement on rewards for holders, a large potential client, card processing, a Tier 1 CEX listing (maybe even a Korean listing, just like @MetaDAOProject has).

You asked for more visibility. We built it. The new Credible Transparency section brings payment volume, onchain financials, $CRED price data, ownership and token transparency into one place. Also, financial statements are coming soon. It’s all now in one place on our website.

Move USD globally, settle in T+0. One API connects global dollars to local payment rails across 40+ markets. USD → Local rails Send USD from anywhere. Settle across borders. Pay out in the currency people already use. CNY. INR. VND. PHP. IDR and many more. Global money in. Local money out.

The first decision market for @crediblefin is live. Authored by @NiceGuyShri, CREDIBLE-001 proposes converting $250,000 of Credible’s treasury USDC into @solomon_labs USDv. The allocation would earn an expected 2.5%–5% annual reward rate. The proposal also points to a broader partnership between Credible and Solomon in the future, including potential benefits for CRED holders. CREDIBLE-001 is currently passing by 5.8%, with $7.1K in trading volume and just under two days left. You can trade it on @MetaDAOProject’s website.

the underrated projects on @solana series is back 🫡 episode 19: @crediblefin lets US businesses pay people across borders in seconds. a payment to Vietnam that'd normally take days by wire? done. and it connects US dollars to five of the fastest-growing markets: India, Vietnam, China, the Philippines, and Indonesia. that's 40%+ of the world's population. in under a year, they've processed over $1 billion in payments, all publicly tracked on their Dune dashboard. registered as a US money-services business, and backed by @Colosseum. which project should we cover next? 🫣

Credible × Solomon. We’re proposing an initial $250,000 USDC → USDv treasury allocation, with plans to scale toward $1M through future proposals. This is only the first step. Credible will also leverage @solomon_labs's infrastructure to route rewards to $CRED. More on that soon. 👀

🇮🇳 INR. 🇻🇳 VND. 🇨🇳 CNY. 🇵🇭 PHP. 🇮🇩 IDR. Five currencies. More than 40% of the world’s population. Some of the world’s biggest and fastest-growing payment markets. Money moves across these markets every day for remittances, trade, payroll, marketplaces and global businesses. And the local rails are already here. InstaPay, VietQR, bank transfers, wallets and more move money at massive scale. The opportunity is connecting those rails to global dollars. Stablecoins can provide the 24/7 settlement layer. Local infrastructure handles the payout. With Credible, businesses can connect once and access USD → INR, VND, CNY, PHP and IDR through one payments stack. Global dollars in. Local money out. Asia is where global payment infrastructure is getting built for the next decade. That’s why we’re building the rails to make global money move more freely across Asia.

August was another big month for @crediblefin. Credible crossed $1B in cumulative payments and processed $183M during the month. The team also expanded its footprint across the strategically important Asian payments market. 1. $1B milestone Credible crossed $1B in cumulative payments on August 14. By month-end, total processed volume had reached $1.157B, including $183M in August alone. 2. More Asian payment rails Credible launched IDR payouts in Indonesia through local bank transfers, GoPay and OVO. The team also demonstrated USD→CNY settlement through its API. The model is simple: businesses connect through one API, while Credible handles the local payment rails underneath. 3. Scaling the infrastructure Credible migrated banking partners in a key emerging market and integrated its first card processor ahead of launch. SOC 2 Type 2 audit preparation is now 90% complete. The team also updated onboarding flows in two emerging markets to account for local regulatory requirements. 4. More transparency around CRED Credible completed its Blockworks B2 Token Transparency Filing, now available on Bloomberg Terminal. The filing covers ownership structure, token allocation, treasury and business structure. On top of that, the team is evaluating external auditors ahead of publishing its financial statements. 5. September pipeline is already busy The monthly update also gives us some hints about what to expect in September. ➝ Card processing is expected to go live for checkout. ➝ Naira pay-in and payout rails are coming. ➝ A European aggregator is integrating India rails. ➝ Two new accounts are launching across Nigeria and India. And a large potential client that completed its pilot is expected to start transacting soon.

Asia spent the last decade building some of the world’s fastest domestic payment systems. The next step is connecting them. A new IMF piece looks at how local currencies and payment rails are coming together across the region. Here’s what caught our attention.🧵

Great updates from @crediblefin. New financial statements, with profits being returned to the Futarchy governed treasury with flows tracked on @01Resolved In July, the team reported $162M in processed volume, launched a business card spend pilot, shipped an analytics dashboard, and completed the solana:CREDBHvVqREBCAxMihzr8D1nepHMr2gmQoZWpmgGmeta raise on @MetaDAOProject In August, USD–CNY collections and payouts went live, IDR payouts launched across bank transfer, GoPay and OVO, and cash access was announced through MoneyGram terminals, including MGUSD support