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![DefiIgnas Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::831767219071754240.png) Ignas | DeFi [@DefiIgnas](/creator/twitter/DefiIgnas) on x 148K followers
Created: 2025-06-09 12:23:01 UTC

NGL, I feel a bit salty about $CRCL's success.

Crypto natives, and especially DeFi users, were early USDC adopters. We form the core user base.

Crypto is amazing because it rewards early adopters: from BTC, ETH, to multiple airdrops.

Yet, the upside from Circle's success leaves onchain users sidelined. We got no base yield from USDC, no stocks, no airdrop... anything.

Sure, we can buy $CRCL with TradFi accounts but it siphons money from crypto to TradFi.

Still, Circle's success is great for crypto adoption as payments become more popular and stablecoin supply grows.

This would boost onchain transaction numbers and thus valuations for underlying blockchains.

But I want to back stablecoins that reward their early supporters. Ethena, Maker, Frax, etc.

Not Tether or Circle.


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1932050803327656028/c:line.svg)

**Related Topics**
[btc eth](/topic/btc-eth)
[$crcl](/topic/$crcl)
[stocks](/topic/stocks)
[onchain](/topic/onchain)
[$crcls](/topic/$crcls)
[ngl](/topic/ngl)
[usdc](/topic/usdc)
[coins made in usa](/topic/coins-made-in-usa)

[Post Link](https://x.com/DefiIgnas/status/1932050803327656028)