Hi, friends, don’t forget the national humiliation today, 8.15, Japan’s surrender day. Back to the topic, Payal actually issued the stable currency pyusd. It will lead 330 million new users to rush into our web3 industry. Bitcoin will be worth $100,000 soon. It will come back soon. Payal is the American version of Alipay. All small businesses working in the United States My friends must have used this software and it is very easy to use, right? So what exactly does he want to do now that he has come to our industry? What kind of strategy does his company have to deploy in our industry? What about this time, he just shouted slogans? Or is it serious? Remember to like, subscribe, forward and follow Brother Bai. The wealth password will be sent to your home. Then we have to talk about this on August 7th of this month. At that time, Payal issued an announcement. He said that I was going to release a stable currency. I We are going to fully enter WEB3. As soon as this news came out, all of us WEB3 practitioners and all the friends in front of the screen were a little flattered. You PayPal, you are the world's largest online payment provider. You come to our industry. What are you doing? Are you attracted to the best in our industry? Everyone knows how big our WEB3 industry is as a whole, right? You're not here to make money from us, are you? You heard it right, this PayPal is here to make money. What can I say? We have to take a look at its stock price. In the past two years, the stock price has really been chattering. If you are a shareholder of this PayPal, you must not If you don’t scold those executives, what should you do? Hurry up and tell me stories, hurry up and start new business, hurry up and improve our company's performance, so that I can increase the stock price, ship goods, and cash out, right? So, this group of PA executives had an idea and spotted tether, the publisher of U S DT in our industry. This TEDA company is a stable company with annual revenue of billions of dollars. You can't think of it. Although the WEB3 industry It's small but the profit is very big. Then you little TEDA, you are eating alone in WEB3, right? Why don't I come together? Hey, the two of us will make the cake bigger, and everyone will make money. It'll be fun, right? So when it comes to paying, you come to our industry and just make money.

On August 7, 2023, with the help of paxos, the publisher of busd, PayPal successfully released its stable currency PYUSD on the Ethereum main network. Its issuance logic is exactly the same as usDC USDT. It is also made of US dollars. Supported by equivalents such as short-term treasury bonds and cash, the value of PYUSD issued by denying these equivalents is always fixed at one US dollar, and a batch of PYUSD is equal to one US dollar. The link data shows that the current total amount of PYUSD is 26.9 million coins, and there are 11 currency-holding addresses. Although, the number is still very small, and there are very few people playing, but now people have officially said that in the future, we will gradually open it to American customers. You want I know that the American customers are his 330 million Leek users. Oh no, 330 million users. Isn’t there a lot of room for imagination? So what can this stable currency PYUSD do? To put it simply, it is very easy to use. To summarize

The first one is that we can use pyUSD to buy and sell Bitcoin or Ethereum on this PayPal. Hey, is it really awesome and really doing things?

The second point is that on PayPal we can use PYUSD to transfer funds to each other with our friends in the United States.

The third one is that our PYUSd also has a payment function. We can buy things, go shopping, pay rent, etc. Everything can be settled with PYUSD, and we can also directly exchange US dollars for it in PayPal. PYUSD, and then transfer it to the PayPal encryption wallet that is compatible with it, and then participate in the first activity on Ethereum.

All in all, the stablecoin issued by Black Ticket this time is not a national stablecoin issued by certain governments. It is very decentralized. It is the real agent on our chain, and its credibility The degree is supported by the Ethereum main network, which means that as long as our payal works hard enough to make its stablecoin payment scenario bigger and stronger, then the overall market volume of our WEB3 will rise, and we will enjoy the gains, right? , this means that no matter how the macro changes, our industry will remain unchanged to cope with the changes, and external funds will continue to flow in. When the time comes, it will be a big positive line, and thousands of troops will come to meet it.

Okay, then let’s talk about what deeper impact this payal will have on our industry by doing such a thing? Don’t be fooled by this superficial benefit. Let’s briefly summarize it. The first one is to expand the influence of our industry. Then when all the ignorant laymen still don’t understand what our industry is about, Use it first, become a user first, feel it first. The second impact is to establish a more compliant deposit and withdrawal channel for us, because the US dollar and PYUSD are freely convertible at 1:1, and the exchanger is PayPal. For such a large enterprise, this exchange Well, it will be very smooth, making it easier for us to lose money and not make money. Third, its impact on our industry is to stimulate activities in the DEFI sector of our industry. After all, you have to know that PYUSD is an E2C20 token. It adds liquidity to curve unit swap and ave. Getting a mortgage is very convenient, right? The fourth one is that the activity of our exchange will also increase. You have to know that coin base will most likely launch transactions between PYUSD and Bitcoin or PYUSD and Ethereum. Then a large number of new users will come in and hold No matter what you buy with this money, the transaction volume will just keep going up. In short, the launch of stablecoin by this payal ticket will be a long-term benefit for our industry. Just look at it, just look at it. Can this matter be done to the end? Can the supervision in the middle make it easier?

Speaking of this regulation, I have to say that there are two sides to US regulation. We all know that since the FTx thunderstorm in 2022, our industry has attracted much attention. The US government has realized that Ah, this family secrets industry will either have nothing to do with it, or something will happen to it, which is definitely a big deal, so when it comes to regulating our industry, it can be described as a perversion. The SEC is suing Binance in the United States and Coin Bases at the same time. While prohibiting BN from issuing BusD, they even seized a series of tokens of the Po mechanism and treated them as securities. On the surface, these regulations seem to be inhumane. They are just a sham control that will kill you. But now Have you tasted it yet? Since a few days ago, there was an institutional-level exchange called edx. We have talked about it before. After its launch, BlackRock applied for a Bitcoin spot ETF and payal. At this time, you launched a stable currency, and behind it was BUSD. The publisher helped him issue it, and everything is developing in a compliant and healthy direction. You talk about the U.S. regulatory agencies, are you a two-turner? The current authorities should also understand this truth. The development of our cryto industry will not stop due to the supervision of a certain country. Rather than prohibiting its arrival, it is better to embrace its arrival and follow it. Grow together. In our industry, as the saying goes, how can you see a rainbow without going through wind and rain? The sword will be strong and prosperous, and the plum blossoms will appear in the lake in the bitter cold. We have been sharpening our skills in Bitcoin for four years. In this bull market, we have reached the peak of US$150,000. Okay, let me ask you a final question. If you had PYUSD, what DEFI project would you do? Leave a message and tell me, if there is anything you don’t understand about our industry, what would you like to know? You can also leave a message to tell me and I will help you research it. See you next time. Bye.