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GM. Today on Money Printer Go Brrr newsletter:

• Circle halts minting USDC on Tron.

• Charles Hoskinson: “Traditional finance influence hurts crypto”

• Pudgy Toys in over 3,000 Walmart stores: earn royalties as holder

• 4 things you should know

Circle halts minting USDC on Tron

Out of the blue: Circle decided to call it quits on making USDC coins on the Tron network.

Who’s Circle? The company behind the USDC stablecoin.

Something to worry about?

• Circle advices everyone to move their USDC assets to another blockchain — so yes, it’s worrying but with a warning.

• there is time, as by February 2025, they will stop all services on Tron.

• there is no specific reason other than this one: “continually assesses the suitability of all blockchains”. Whatever the freak it means.

💡 Now, where do I make this cross-chain swap? Here are a few protocols that allow you to do that:

1. Tronpad Bridge

2. Symbiosis Protocol

3. Defiway App

USDC is natively supported for 14 blockchain networks: Algorand, Arbitrum, Avalanche, Base, Ethereum, Flow, Hedera, NEAR, Noble, OP Mainnet, Polkadot, Polygon PoS, Solana, and Stellar – with more expected in the future.

So you have plenty of blockchain to migrate your USDC on.

Traditional finance influence hurts crypto

Charles Hoskinson, the crypto wizard behind Cardano (and a bit of Ethereum), is having a mini freak-out over old finance bullies muscling into the crypto playground.

🍖 His main beef?

• the increasing influence of traditional finance systems, particularly centralized systems, on the cryptocurrency world.

• those collateral-backed stablecoins that are everywhere in crypto.

• even though they represent 10% of the total crypto market cap, they account for 70% of the total volume that’s on-chain.

• the influence of Exchange Traded Funds (ETFs) and new regulations in the USA and Europe, which could further centralize the sector and move it away from its open-source and anonymous roots.

Now, here are some solutions to this, 2 takes:

1.  the adoption of algorithmic stablecoins, which are governed by on-chain algorithms and not controlled by any central authority, aligning more closely with the decentralized principles of cryptocurrencies.

2. asks us to reject centralized systems and maintain the decentralized and open-source nature of blockchain technologies.

🤔 Well, he’s not wrong. BUT:

⇾ algorithmic stablecoins, while decentralized, are considered risky by many in the crypto community.

We all remember the infamous case of TerraUSD (UST)…

What’s an algorithmic stablecoin:

⇾ uses smart contracts to manage their supply and keep their value stable;

⇾ if the value goes too high or too low, the system automatically makes more coins or reduces the number in circulation;

⇾ it relies purely on these smart rules to maintain their value.

💭 Now, imagine a world where your crypto wallet feels more like a stuffy bank than a digital revolution. Hoskinson's not having it, and neither should we, but at the same time, we need to protect our assets.

Pudgy Toys in over 3,000 Walmart stores

Walmart's expansion of Pudgy Toys shows how the digital and physical worlds are merging, especially with popular NFT collections.

They now sell Pudgy Penguins' toys in 1,100 more stores in the U.S., making it 3,100 stores in total. 👏 

Each toy's got a magic QR ticket to Pudgy World, a digital igloo where penguins party, play games, and chill out. Club Penguin got a blockchain glow-up!

Got new stuff as well: 30 new toys, including collectibles and action figures, with prices from $2.99 to $11.97.

If you own a Pudgy Penguin you can earn royalties from sales:

• Pudgy Toys draw their inspiration directly from the Pudgy Penguins NFT collection.

• Holders have the opportunity to license their digital penguins.

• You can do this through the OverpassIP platform.

How many ‘species’ of Penguins are out there?

1. Pudgy Penguins — 8,888 NFTs as the main kid.

2. Lil Pudgy — 22,222 NFTs as free airdrop for Pudgy Penguins holers.

3. Pudgy Rods (yes, literally rods 🎣 ) — 7,000 NFTs as free to claim for the main holders.

The project earned $500,000 in 48 hours in toy sales 🔥 aaand $10 million within the first 7 months of launch. That’s just crazy.

Projects are getting more creative with how they use their NFTs, giving IP a whole new life in Web3.

This is especially important as both teams and collectooors think more about the real-world benefits of owning NFTs beyond just digital art.

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4 things you should know:

• Insider receives $3M in $STRK airdrop
  

• SBF didn’t snitch on anyone 😃 
  

• Putin created Bitcoin 🤡 
  

• New way to long Bitcoin

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