“More and more fintechs are using stablecoins in the back with the users not knowing it. And I think that is very likely the future. Crypto is going to power a lot of experiences and people likely are not going to know that they're using it.”

…So it's quite substantial. And yields are much higher. So like yields of Argentinian pesos is 25% right now. Brazilian reals is 13, 15. So it's smaller money supply, but larger yields. How much of that gets tokenized? Well, we'll try to today zero, it's 0.002%. We're going to try to make it 1%.

Can you walk me through a bank-to-bank transfer across some of these countries? So like Brazil to Argentina, for example, without using crypto or blockchain. How does a payment today go from a Brazilian bank to an Argentine bank?

So with all of these currencies that you've tokenized, the six currencies, is that a B2B to see product? Is that also a consumer product as well? Who is that really for? And how is that really kind of changing the topology of bank payments across countries?

So we call it a platform. So first thing is having a Mint account. So being able to mint and redeem these stable coins locally. We have two go-to-market strategies. One is the crypto as a service, which is this offering that we already have with many banks and fintechs. So integrating it there is…

The image that is coming together in my mind is like we have this central hub of liquidity with all the different tokenized fiat currencies. You call it wrapped fiat. And that's like the center clearinghouse, if you will, for all of these different trades being made across currencies, all the forex…