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Stable coin the demand for stable coins Has exceeded I think what people thought It's $150 billion doll asset class right Now some forecast it to be over two Three trillion in a few years the Players in that space particularly one Called tether is a non us-based entity And the US frankly is kind of going After that because they want this to be Regulated all right Johnny I'm gonna Summarize what Brad said in a much Simpler form and then I'm gonna kick it To you cash flow and Mario for some Responses here but what I think Garlinghouse is trying to say is first Of all we're relying on Tether which Will not show us their audits will not Give us any backing at least publicly But number two is that this is going to Bridge the gap between traditional Finance and crypto we can't we're not Going to see companies come out and Adopt technologies that are publicly Being sued but if we have a regulated Stable coin audit dat every four weeks And there is clear regulation which We're going to get into later in this Episode Senator Lumis is pushing a Stable coin regulation bill this year
