Good morning, it’s Thursday, December 26th. I’m Alex Hochberger, founder and CEO of Web3 Enabler. It’s exciting to see the stablecoin market keep heating up. Tether, issuer of USDT, has made a bunch of moves lately, while everyone else is seemingly sleeping. Tether has just released, or plans to release, a stablecoin based on the United Arab Emirates currency. While it’s ultimately pegged to the US dollar, this changes the regulatory regime by being based entirely in the Dubai, Abu Dhabi region. We think this is the first of many new stablecoins adding legitimacy. We’re seeing as many as 200 stablecoins being issued, focused on each of the global currencies.
The Promise of Decentralization
We think that this is a promising trend because even if most trade takes place in dollars, followed by euros, the ability to swap to your regional currency and connect to your banking system is critical to the adoption market. This will not only decentralize currency, as we’re seeing with stablecoins, but also decentralize exchange rates. Once you can swap between your currency and a foreign currency in every market, foreign exchange (FX) will move out of the banks and into crypto. Imagine a world where you can get paid in dollars, convert to money issued in Arabic currencies, and have it all swapped in real-time with a smart contract—without banks taking an extra fee. This is the exciting market we’re proud to be part of.
Tether: The Global Commerce Standard
We’ve been supporting Tether, though with mixed feelings. Like most in the American and EU markets, there’s some hesitancy about Tether. They’re a bit shadowy, not subject to audits, and don’t publish their reserves clearly. That said, they trade on Tron, have very low fees, and are the de facto standard for global commerce. We added support for the Tron network in version 2.4 of our platform, focusing on Tether there. We’re also excited for our 3.0 platform coming out in Q1 or Q2 of next year. With Bridge, we’ll be supporting instant off-ramps, allowing U.S. or European companies to accept Tether while converting it immediately to wired or ACH transfers, minimizing risk.
Fundraising Progress and Investment Opportunities
Speaking of Salesforce, our fundraise is moving strong. We’re at about 71% of our goal. We know several people are stuck in due diligence because of the holiday yesterday. Hang in there. Email investors@republic.com for assistance. Visit our raise at republic.com/web3-enabler. At $75,000, we’ll get a major marketing push from Republic, which will propel us toward our next milestones.
Just a reminder: if you invest in the first $125,000 of this raise, you’ll receive a $6 million valuation cap instead of $7.5 million. That 20% discount translates to a 25% higher return if we hit it out of the park. If you’re already in, consider increasing your investment. Moving from $200 to $500, or $500 to $1,000, makes a significant difference. As the ultimate “picks and shovels” game, we don’t rely on any single blockchain or payment platform winning—only that crypto transactions need reflection in Salesforce.
Strategic Partnerships Driving Innovation
Our partnerships highlight our value:
- Circle: Part of the Circle Alliance program and recipients of a USDC grant to build programmable wallets into Salesforce.
- XRP Ledger Foundation: Sponsored XRP for Salesforce V1, with V2 potentially launching early next year.
- Cardano and the Catalyst Project: Received substantial grant funding to build ADA for Salesforce, marking the beginning of our UTXO wallet technology platform.
Get Started with Blockchain Payments
If your company uses Salesforce, like 91% of the Fortune 500, and is interested in testing blockchain payments, visit web3enabler.com and install our app from the AppExchange in a sandbox. Contact us at support@web3enabler.com for assistance. You might even get me personally helping you, as the office is closed and the team is on vacation.
Thank you, and here’s to a great 2025!
