Conduit Newsletter

Conduit Monthly Recap: September 2025

Conduit Monthly Recap: September 2025. Ronin is coming home, stablecoin ROI for payments, and more.

Henry Updegrave

Henry Updegrave

— 3 min read
Conduit Monthly Recap: September 2025

Another month, more bullish news for crypto. Payments giants are building their own chains, Ronin is coming home to Ethereum, and new Conduit customers are launching. Get up to speed on all that plus our latest research below!

New Conduit chains and partners

Coming soon: Ronin Network’s new chain

We’re excited to announce that Ronin has selected Optimism, EigenDA, Boundless, and Conduit as its infrastructure partners for its L2 chain migration. The OG onchain gaming team is coming home to Ethereum!

HPP by Aergo launches

Aergo launched its new chain: HPP. Built on Arbitrum Orbit, HPP will support decentralized infrastructure for AI applications and data exchange. 

Andrew Huang talks TradFi crypto adoption on Tokenized Podcast

Our founder joined Simon Taylor and Cuy Sheffield on the Tokenized Podcast to discuss the latest trends in institutional crypto adoption, along with fellow guest and Centrifuge CEO Bhaji Illuminati. They discussed everything from tokenized deposits to stablecoins, and explored how institutional adoption can lead to more stable growth for DeFi. Watch it here!

Conduit research and insights

Stablecoin ROI: How payments platforms can 5x revenue onchain

Speaking of institutional adoption, you’ve probably heard the news that Stripe is launching its own chain for stablecoin payments. Other legacy payments giants will likely follow suit. But how big is the opportunity? We broke it down in granular detail on our blog, and found payments platforms can 5x revenue by issuing a stablecoin on their own chain, reaping benefits from investment of stablecoin reserves and cutting out payments middlemen. Read our analysis and use our ROI calculator to run the numbers yourself!

Don’t move coins, move proofs: A new idea for ZK scaling

ZK offers several promising ways to scale Ethereum. Our founder Andrew Huang broke down an exciting one recently: Treat Ethereum as the balance sheet and rollups as the execution layer, with ZK proofs coordinating everything. In this scenario, assets stay in yield-generating vaults on Ethereum mainnet, and a ZK messaging layer passes proofs to apps on rollups showing the funds exist and how the user wants to deploy them (DEX trading, loan collateral, etc.), without the funds ever bridging over. Users could then back many positions and strategies across L2s with the same collateral on mainnet. Read the full breakdown here!

Alt-L1s vs. L2s: How to choose the right chain strategy for your project

If you're building your own chain, you'll have to decide: Do I build an alt-L1 or an Ethereum L2? We break down the pros and cons of each here, and tell you how to evaluate for your project.

iDollar: Are stablecoins Apple’s next multi-billion dollar play?

Another article from Andrew Huang: What if Apple launched its own stablecoin? We ran the numbers on current Apple Pay usage to show why an iDollar could be a $30B+ opportunity for Apple. 

That’s it for this month! If you want to learn more about Conduit, you can: