Ideas
Many stablecoins will thrive beyond USDC/USDT.
The many-stablecoin thesis is alive because banks, fintechs, multinationals, commodities companies, and other large balance-sheet users want their own or white-label stablecoins for treasury management and yield. Tokenized money market funds and cash equivalents will compete with non-yielding payment stablecoins, so the market will support many more than USDC/USDT.
Tokenized money funds attract stablecoin yield seekers.
Stablecoin holders, especially large USDC/USDT holders, will move into tokenized money market funds and cash equivalents that pay real yield. Franklin Templeton's Benji tokenized money market fund is an example of this shift and will compete with non-yielding stablecoins.
Regulatory relief accelerates tokenized onchain capital markets.
The SEC's temporary exemption for tokenized securities venues and CFTC actions are bringing onchain markets into the US regulatory structure. He believes this will be more pro-innovation than CLARITY and creates the best time ever to innovate onchain for regulated real businesses across capital markets, making the industry unkillable.
Securitize benefits from tokenized securities exemption.
Securitize is an immediate beneficiary of the SEC's tokenized securities exemption; the stock rose 16% on the day, showing the market sees it as a winner from tokenization.
Hyperliquid benefits from onchain RWA derivatives.
Onchain equity and RWA derivatives trading has been really good for Hyperliquid, Lighter, and Variational. Hyperliquid is a key venue beneficiary as tokenized markets expand.
Robinhood benefits from onchain spot trading.
Onchain spot equity and RWA trading has been good for Robinhood, which is a beneficiary of more assets coming onchain and tokenized market growth.
S&P positions for tokenized market growth.
S&P is positioning itself for tokenized markets by leading a Series B extension in Kao and acquiring Open Zeppelin, buying institutional-grade crypto data and smart-contract security. This shows real demand for onchain innovation and gives S&P exposure to the tokenization buildout.
Ethena DAT discount should narrow.
Ethena remains a project people are very bullish on; its neobank launched with strong early traction. Digital asset treasury vehicles holding Ethena trade at a large discount to NAV, and as the market improves, that gap should close, creating reflexive upside.
Circle and Arc are long-term winners.
He would be very long Circle and Arc. Circle has convened an impressive group of partners including BlackRock, DTCC, ICE, Visa, and MoneyGram; the Arc design optimized for the right things like payments, privacy, and FX; and he would not bet against Jeremy Allaire.
USDC network effects outweigh rate pressure.
Circle's interest-income business will face pressure as rates normalize from 4-4.5% to 2-3%, but the company is wisely pivoting to payments through Arc and the Circle Payment Network. USDC has strong network effects in DeFi, where founders need USDC on their platforms, so he expects Circle to be very successful.
Meta's AI advantage justifies buying shares.
Rob bought Meta this week because Meta's Muse AI is six to eight times better than Instinct, responds faster and fails less, and Zuckerberg is moving fast while competitors talk about slowing AI. Meta's compute advantage and product execution make it a winner in AI.
This Empire video, published September 18, 2026,
features Rob Hadick, Jason Yanowitz
discussing Stablecoin issuers, FOBXX, Tokenized securities, SECZ, HYPE, HOOD, SPGI, ENA, CRCL, ARC, META.
11 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Rob Hadick,
Jason Yanowitz
· Tickers:
Stablecoin issuers,
FOBXX,
Tokenized securities,
SECZ,
HYPE,
HOOD,
SPGI,
ENA,
CRCL,
ARC,
META
