The Index › The rest of the frame
Who runs the new settlement rails?
The exchanges, brokers and issuers running stablecoins, tokenized funds and the new payment rails.
The waterfall · programmable settlement: Stablecoins, tokenized funds and machine-to-machine payments are becoming plumbing underneath the compute layer.
No dated claim tests this group yet.
Reports next, in this group
No company in this group has a date yet.
| Company | What it sells | Reports next |
|---|---|---|
| Circle CRCL |
Circle issues USDC, a digital token designed to stay worth one US dollar, and holds reserves to back it. | not yet announced |
| Coinbase COIN |
Coinbase runs a cryptocurrency exchange and custody service that routes customers' digital-asset trades and transfers onto blockchain networks. | not yet announced |
| Robinhood HOOD |
Robinhood runs a retail trading app that sends customer orders to market makers and brokers. | not yet announced |
Showing 3 of 3 · No price is shown: the Index is a map of what each company sells and where it sits, not a quote board.
Next door
Who is taking AI into machines? · Who launches, and who builds in orbit? · Who holds the hard assets?