Rahul Biradar

Reading Allium’s Q2 2026 report on USDC, and what it says about the model behind the world’s second largest stablecoin Circle reports Q2 2026 earnings on August 5. A day before that, Allium published a research brief that already tells you most of what the filing will confirm. I went through it. The picture is not dramatic, but it is uncomfortable if you have been assuming USDC is a stable, growing piece of infrastructure. It is not growing right now. And the reason it matters is that almost all of Circl...

What BCG’s new stablecoin payments white paper actually says, and why the honest number is 15x smaller Every stablecoin pitch deck I have seen in the last year opens with a large number. Trillions moved on-chain. Growth charts that go straight up. The implication is always the same: stablecoins have already won payments. BCG and Allium Labs published a white paper in January 2026 called Stablecoin Payments: The Truth Behind the Numbers. It takes that large number apart. I read the whole thing. Here is wh...

I was browsing Razorpay’s Fix My Itch page when one problem caught my attention: why do migrant workers lose money on remittances? The answer is frustratingly simple, because the system is still built on hidden fees, poor transparency, and exchange-rate markups. Most people think remittance costs are just the visible transfer fee. They are not. A big part of the cost is often buried inside the exchange rate itself, which makes it hard to compare providers and know the true cost of sending money home. Tha...