🚨 BREAKING: Payoneer is adding stablecoins for 2M customers powered by Bridge (Stripe). Payoneer is a crucial player in last mile payment delivery. - 2 million customers. - 190+ countries. - Mostly emerging market SMBs. They'll be able to receive, hold, and send stablecoins — and withdraw to local bank accounts — inside the same platform they already use for cross-border payments. Launching Q2 2026. --- Payoneer is an infrastructure powerhouse With - 7,000+ trade routes - across nearly 100 banking partners. 40% of their revenue comes from helping businesses sell into non-US markets. These are wholesalers in Shenzhen. Freelancers in Lagos. Marketing agencies in Bogotá. The people who get absolutely crushed by correspondent banking fees and 3-5 day settlement windows. Stablecoins fix that. But the adoption bottleneck was never the technology — it was distribution. --- Bridge now powers stablecoin infrastructure inside Stripe (101 countries), Visa card issuing in LATAM, Remote .com payouts in 70+ countries, and now Payoneer. That's a pattern. - Bridge sells the pipes. - Everyone else keeps the customer. - End users never touch a blockchain. More control and economics for those who have distribution. That's how stablecoin adoption goes mainstream — not through crypto wallets, but embedded inside platforms people already trust.

Something caught my eye in the latest 13F filings. The biggest new entrant into IBIT, from a brand new entity, is something called Laurore Ltd. No website. No press. No footprint. The only public information is that the filer's name is Zhang Hui and it's HK based. Let's double click on that for a second. Zhang Hui is the Chinese equivalent of John Smith. It's what I like to call it a "non-anonymous anonymous" name, something hiding in plain sight buried under the statistical weight of millions to make it untraceable. The "Ltd" suffix suggests a Cayman or BVI structure, the classic offshore wrapper for accessing US markets. And the portfolio? A single holding. Nothing but IBIT. This isn't a diversified fund. It's a $436 million Bitcoin access vehicle dressed in institutional clothing. Why would you do this? Because Chinese investors can't hold Bitcoin. If this is what it looks like, it might be an early sign of institutional Chinese capital moving into Bitcoin, not through crypto exchanges or gray market channels, but through a BlackRock ETF, filed with the SEC in a regulated jurisdiction hiding in the most "transparent non-transparent" place imaginable. Funny that the name Laurore likely derives from the French l'aurore: the dawn. Smells like capital flight to me.