Leister

So you can think Western union right now, Western union takes money in.

They essentially send a ping to another bank elsewhere that says, no, you're good.

Go ahead and give that person 500 bucks on the other side.

They take a fee from your outbound.

They take a, they take their cut.

They send a ping saying it's okay to go ahead and do that.

And then they send money.

to that third entity where on the other side, and then the person will go pick up the money.

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?