You know, we've been building towards

this moment for about 10 years, which is

federally regulated digital dollars that

are part of the financial system where

major firms, financial institutions, uh,

corporations and others are going to

build on this. And we are the best

position company in the world for that

moment. There's some data that actually

came out yesterday that looks at sort of

the adoption of of different stable

coins and how they're used in actual

payments. There's the Visa data where

you know at the end of June uh USDC was

70% of stablecoin transaction volume.

The rest was basically USDT and

everything else just falls off a cliff.

But there was other data that came out

uh there's been a huge number of

consortium coins and other coins and

other things that have launched over the

past couple of years. And while they

might have a billion or two or three uh

in circulation, they're not actually

used. They're not they're not

transferred much. They're not used much.

And so what we've just historically seen

is that for the network utility and

payment utility and as a form of capital

in markets, USDC stands above the rest

uh by far. And so it remains to be seen

what any new stable coin is going to be

able to accomplish.