I wanted to kick off here with one of the more interesting developments that
we have seen on the violence platform, which is the growth of the true USD
sable coin. Is that linked to you in any shape or
form? We so first of all, personally, I don't
take any shares in USD, but I that help a lot about growth of USD just as I how
us the you see USD basically all the stable climb on trying our work since
Trois has been in the last five years. We have our focus.
Stable client growth. So I think today if you check us the key
and the USDA, you will find that actually there is more you ISE this year
and you as the that on Trump than is you sera.
And also, of course we collaborate with circle you as you see.
But right now I think Trong is still only occupy a wild 2 percent of the US
DC markets. What about tech tier X, which is the
ultimate parent firm of true? I see.
Are you connected to that firm in particular?
No, I don't have particular high to tech tricks.
OK. Do you have any views or details on on
the stable points, ownership or origin? Why do you think it is growing so
significantly just in the last few weeks?
Yes, I think we have very limited option in the stable quite markets.
Right. Today, I think probably we only have us
the key us RTS. She was the B us E in in the last like
three years. I think that's like the only option we
have in the markets and laid her. Since the USDA received regulatory
requirement to stop like minting. So.
So that's why b us d has to see the market stall.
The choice become very limited. Only USC G U ISE DC and the T USD.
And at that time I think US DC is under heavy attack because of the bankruptcy
of Silicon Valley Bank. So lots of people at that time like the
kids. If the U.S.
RTS has the 100 percent of the reserve, so the stable planned price fall.
So. So that's why lots of big exchange are
starting to move their bottom to TWC and try to basically has to own it basically
to diversify on their stable. Why market share?
I just don't want to ask about the lawsuit filed by the FCC.
What's the status of that? I think currently right now.
Our AGM is still our legal team is still working on it.
And also, we are seeing, you know, our client base yesterday suing FCC.
I think we we as an industry, we probably and also a lot last week,
Beatrix Scarlet Fu bias, you see it as well.
So I think in the coming months or two, probably we're seeing more developments.
I just did. What are you look at?
Well, you need to settle out of court. Pay a fine.
You know, what are the other options on the table for you,
Saul? Well, right now, I think I don't have a
particular opinion on this, but I believe eventually it will be resolved
on just a matter of time. What about the impact that it's seen for
the broader Kobe exchange? You said earlier that you were
profitable so far. What are you seeing lately in terms of
the business guys? Yes, Charlie, I think recently on the
being the escrow, pretty good because of Hong Kong, you know, crypto policy be
well-meant and the loss of the wall spurs and the traders start to gain
confidence. Asia criminal markets because Warby is
many focus Asia crypto developments. So that's why I think recently we have
seen our business role not like dramatically, but steadily for around 15
percent. And also we have seen the crypto price
also recover a little bit. Be quiet.
I think last week is above. So the U.K.,
even we have a little bit price drop today, but I think still be quiet, also
recover a little bit from their bearish market.
I think we would all do to Hong Kong development.
Yes.