Ryan

I think this is going to be a pretty big deal

Along with that, David, Tether released their official onshore, US shore, I should say, stablecoin.

Okay, this is USAT.

That is now launched.

This is Paolo saying an official Ethereum smart contract, USAT, gives a link in Etherscan.

Can you refresh people?

What is USAT?

Why does Tether need a second stablecoin?

I kind of think

that's right and of course genius compliant means everything has to be backed by treasuries one to one so Tether can't do the cool thing that they really love doing which is like fill Swiss nuclear bunkers full of gold yeah you're not allowed to do that with a genius compliant stablecoin no you're not allowed to do that and that's I think the fun stuff for Tether of course

Well, I was brought up, I went to school in Canada, David, so I understand what this is trying to say, which is February of 2026.

Yeah, like another way to normalize those metrics, it's between 18 to 35,000 transactions per second.

Yes.

You're asking me about this, but I guess, okay, here's a spike on a chart I see.

Transaction count and throughput count has spiked up ever since January 25th.

It's something that I'm watching.

You just mentioned CCA auctions by Uniswap when you were talking about the distribution of mega-eth here.

There's also this.

Uniswap Labs announces auctions are coming to the Uniswap web app, fully on-chain, powered by CCA.

Discover bid and claim starting February 2nd.