Banking and Stablecoin Partnerships

It feels like the floodgates are gonna open this year.

Mm.

Doesn't it? I mean, so within the past

week, a couple weeks, uh, so SAB 121

being called back or rolled back, um, and I mean,

within it felt like minutes, you know, you hear from CEOs like Bank of

America saying, "We're all in." Um, and you know,

these are institutions that we...

Uh, I mean, Bank of America was one of our early partners, um,

when we were

doing kinda like the, the messaging software-only payment

solution.

Um, so we've worked with these types of banks

for a long time, and the

lack of clarity and,

I mean, I think in the more recent time, even hostility

toward, hey, like, you know, using these assets and this

technology is not okay, it's dangerous,

which is not the best way to handle it, as we would say.

But looking forward, I would say yes, it, it seems like there's

gonna be a, a sea change this year. Um,

and even I could say

post-November, uh, the election, the US election result,

even just the conversations, ongoing conversations we've had with

banks around being reserve bank or transaction banking

partners for the stablecoin or for our payments business,

like the, the tone and message changed

overnight. Like,

it was quick.