Why stablecoins are the secret weapon for global finance.

[00:00:00]And cross-border payments, we just now have finally reached a point where as we've been building this for over 6 years, it sounds like a long time, but when you think about all of the things that had to be in place >> Right.

[00:00:12]>> for this to work, the the thing that really needed to be in place that was missing was stablecoins.

[00:00:16]>> Okay.

[00:00:17]>> So, we had blockchain, people were sort of believing in the idea of and the concept of the upgrade to the plumbing using blockchain as the source of truth that I mentioned earlier, but what they didn't have was a payment mechanism.

[00:00:29]>> Okay.

[00:00:29]>> So, that payment mechanism is what really changes everything. So, the genius act, MiCA regulatory changes have made stablecoins legit on the balance sheet now. So, CFOs, you know, whether you're a small company or you're CFO at a large company, stablecoins actually are legitimate balance sheet uh currencies now.

[00:00:48]>> Okay.

[00:00:48]>> So, that's really changed how money's going to move >> Mhm.

[00:00:51]>> and the trajectory of what we can do as a network.