Yuan

Jose.

Which offered him 2 million UN.

Jim, Jack,

Jose.

And Jesse.

So offered him 2 million UN.

That's four, but we need one more.

Which ended up being the 200...

Otherwise, the value of the stablecoin can go down.

So they're trying to mimic actual currency like INR or Chinese Yen or so on and so forth that you need to have federal reserves so that you can back it one is to one.

So now if you decouple the backing and the blockchain, the blockchain is very useful because it's basically a new protocol where anybody can join and accept settlements.

So it becomes a different messaging protocol that everybody agrees upon.

In macro updates, Chinese equities came under renewed pressure despite late Tuesday's announcement of support measures.

The PBOC raised banks' foreign currency reserve requirement ratio from 4% to 6% to curb U.N. appreciation, resulting in a notable U.N. weakening.

The Australian dollar softened after the RBA delivered an expected 25 bps rate hike, but signaled a pause in its tightening cycle.

South Korea's inflation remained above the Bank of Korea's target, with core inflation edging higher, raising the likelihood of a rate hike later this month.

Yeah.

One of my favorite headlines that I ever wrote was I think it was when there was drama in the Chinese UN and a bunch of structured products in Asia got knocked out.

And I called it the tarf barf.

Oh, that's good.