Jake Claver

Oh, God.

A few, you know, G Treasury, Ripple has acquired that company last year.

You've got Ripple Prime.

They acquired Hidden Road and now they have that prime broker.

So they have a full stack that they use called Ripple One to be able to issue stable coins for banks.

They provide custody and then they provide that prime lending desk and they will take XRP as collateral and then post it on their balance sheet and be able to do other things with it.

I've used Bitcoin in the past.

I've held Bitcoin for periods of time, especially 2021, 2022.

But I consolidated my entire position to XRP in the middle of 2022.

Yeah, you know, so I'll say this.

I don't know what's going to happen to Tether or USDT over the long term.

You know, we just saw that they froze $344 million in association with, you know, sanctions on Iran.

Jeez.

That being an open decentralized protocol, you know, people I think may have used that to circumvent sanctions for a period of time, but now it's apparent that that's no longer going to be an option.

And...

You know, I don't know about their balance sheet.

We'll see what the big four audit firm, whichever one they choose, comes back with.

But for them to launch USAT here, that's a compliant stable coin.

Why would you do that if you were going to get USDT to be compliant?

It doesn't make a whole lot of sense to me.