Leister

In this case, you're allowed to use a permitted payment stable coin to do the issuance using the stable coin in the blockchain, which takes out at least two layers of the process.

You no longer have to worry about bank reconciliation on two sides.

The blockchain already reconciles it for you.

It already has the ledger for you.

All you have to worry about is the cash out, which is the conversion to fiat piece.

That's why it's a settlement.

So you're settling money off of this value, off of this coin value.

They're also saying it must be on a national currency.

So again, they're essentially assuming United States dollar in the way it's written because they do say it has to be, you know, it's subject to U.S.

scrutiny, which only the U.S.

dollar would be.

And it has to be repurchasable for a fixed amount of monetary value, meaning that the stable, right?

It cannot fluctuate.

So at that point, you could not really do an algorithmic because an algorithmic constant fluctuates.

Even as you trade it, tether, it fluctuates.

You can see it fluctuate.

It's not a significant fluctuation.

in most transactions it's not of significance to where it matters but it still fluctuates in what they're defining they're defining a certain type of stable coin that is purposely built again lock step with fiat so lockstep with fiat it's however much cash you have available so that if we had to liquidate you we know that we're getting 100 of the money that's part of this process

Most are celebrating the separation of CFTC and SEC because in the way this classifies coming back to this investment contract business, you have stages.

So stage one, I have an idea.