Gagan Jain (@Gagan) header
Gagan Jain (@Gagan) profile picture

Digital Assets @ WU; ex-DTCC Digital Assets, R3,

In front of some screen
Joined February 2008
Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)Photo by Gagan Jain (@Gagan)
This guy's a national treasure. I may have heard his Red Mist speech for the Welsh football team a dozen times. And I'm not Welsh. youtu.be/1fpV0OFC0vc?is=LTMg…
One of the best renditions of poetry ever recorded. Actor Michael Sheen delivers a powerful performance of Dylan Thomas’s 1951 poem, "Do not go gentle into that good night.”
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Loling at your responses to the AI slop comments appearing under your LinkedIn post re:xStocks 🤣 @sytaylor
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“To walk the city is to invite the serendipity of coming upon a community garden or the wooden piles of a decrepit pier or spring crocuses pushing through cracked pavement. It is to experience the endless juxtaposition of this with that, which is New York’s calling card.”
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You ever get that low-battery anxiety, check your phone… and it’s at 100%? Turns out the one running on empty is just you. Just me? Okay.
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Gagan Jain retweeted
In partnership with Rain, today we announced the launch of Stablecard by Western Union. Stablecard is a new Rain-powered @Visa card that lets remittance recipients hold dollar-backed stablecoins and spend them anywhere Visa is accepted. Read more: bwnews.pr/4g9UTKN
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Gagan Jain retweeted
BREAKING: Western Union's Stablecard is live. Spend instantly anywhere Visa works, across 175M merchant locations in 37 markets at launch. The card runs on USDPT, @WesternUnion's own stablecoin issued onchain on Solana and powered by @raincards.
Western Union's Stablecard is live. Remittances can now arrive as stablecoins and be spent instantly anywhere Visa is accepted. Mobile app, embedded wallets, and cards powered by Rain. $100B a year for 100M customers is moving onchain.
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Gagan Jain retweeted
Stablecard is going live in 37 markets, with Western Union targeting 60+ by the end of the year. Customers can receive and spend their funds in USDPT – Western Union's native stablecoin issued by @Anchorage on @Solana. All managed through the Stablecard mobile app.
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Here’s my hunch: truly exceptional writing is about to look more like craft beer, handmade surfboards, or custom furniture—still around, still loved, but no longer the default. You can buy handmade shoes. You can get a wetsuit tailored to your exact measurements. You can find a board shaped just for how you like to surf a particular break. None of that is necessary. And that’s the point.
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Gagan Jain retweeted
Release the Kraken! 🐙 $USDPT trading is officially going LIVE on @KrakenFX soon. Deposit, trade, send... experience the future of global money movement built on @solana. Don't blink. ⚡
Coming soon: USDPT USDPT is Western Union's stablecoin issued by Anchorage Digital Bank on Solana, built to power money movement across one of the world's largest global remittance networks. Get ready → kraken.com/sign-up
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Coming soon: USDPT USDPT is Western Union's stablecoin issued by Anchorage Digital Bank on Solana, built to power money movement across one of the world's largest global remittance networks. Get ready → kraken.com/sign-up
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Knicks in 5?
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Knicks in 5!
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“I have always loved that line: “There is no such thing as a baby.” But surely, its logic extends to adults, too. If you set out to describe a person, you do not begin by listing all the things they do alone, when no one is looking. You describe what that person is like in relation to you, or to someone you know. “Is Derek a good friend?” is a question for my friends. “Is Derek a good brother?” is a question for my sister. “Is Derek a turgid writer?” is a question for my readers. A psychologist such as Winnicott might be tempted to articulate this principle with an existential flair: There is no such thing as an individual. But I think the down-to-earth version feels more true: Every individual is the sum of their relationships.” @DKThomp on being a parent: open.substack.com/pub/derekt…
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BREAKING: @WesternUnion is launching USDPT, a new stablecoin on @solana. @Crossmint will power wallets and payment APIs connected to Western Union's Digital Asset Network. Stablecoins will be redeemable through 360,000 cash locations in 200+ countries. teapawt.net/crossmint/status/20292…
A huge moment for stablecoins. Crossmint is partnering with @WesternUnion to help bring their USDPT stablecoin on @solana to millions of users. Together, we’ll help connect stablecoin payments to tens of thousands of Western Union on and off ramps worldwide.
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Gagan Jain retweeted
A huge moment for stablecoins. Crossmint is partnering with @WesternUnion to help bring their USDPT stablecoin on @solana to millions of users. Together, we’ll help connect stablecoin payments to tens of thousands of Western Union on and off ramps worldwide.
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Gagan Jain retweeted
It’s happening. What an excellent preview by @SECGov of how tokenized equities can be issued for onchain trading. You are going to see these products in market with the support of a regulator that understands the importance of these innovations to US competitiveness. 1/2
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Vlad's critique is on-point - the risk of extreme economic concentration of power and resources in the hands of a few is more immediate and much high-probability than the AI eradicating humanity. However, I don't think @vladtenev's solution for it (expanding public ownership in AI firms) would have any real impact on it.
Thanks for the thought-provoking piece. My main critique is that you are overemphasizing flashy but low probability events like “left-handed bacteria,” while merely giving lip service to the risk of extreme economic concentration of power, which is very real and materializing as we speak. Anthropic is reportedly raising funds at a $350B valuation, and the wealth created thus far has been concentrated into a few hundred (perhaps more like dozens) high net worth individuals / institutions. It’s looking increasingly likely to me that none of the leading AI labs will IPO until they reach valuations in the trillions, at which point retail investors will finally be able to get shares. In order for retail to get a 100x return on these investments, which was achievable for Apple, Microsoft, Amazon, and Google, the valuations of the AI labs will need to reach hundreds of trillions of dollars, meaning it’s likely too late for a more equitable redistribution of wealth. Simply put, you are currently exacerbating the problem. The consequences of this are that voters may take matters into their own hands and push for either or both 1) more aggressive / nonsensical forms of redistribution — the CA Founders’ Tax is just the beginning or 2) a drastic knee-capping of the AI industry in America, which make the CCP dominance scenario more likely. The solution is to enable retail ownership now, increasing the number of Americans with economic exposure to Anthropic and other AI labs from hundreds of people to millions.
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