Today is the last day at Pharos @pharos_network. Thank you for this time and the wonderful colleagues I've met; although brief, it is very precious.
Leaving is because I am preparing some really cool things, and I can't manage both at the same time.
All in RWA, The Best is Yet to Come!

Two major pain points of offshore RMB: difficult circulation and limited investment channels.
If we turn it into a stablecoin, it solves the problem. Just think about how China has given tens of trillions in foreign aid to those African countries, all using offshore RMB stablecoins. They have to accept it, and those countries can use it to buy RWA for interest, right?
Let them buy RWA assets from Hong Kong and the mainland. What's even more incredible is that this offshore renminbi has not yet left the banking system; it still lies in the bank. It's amazing.

🙏 I don't want to get involved in any disputes and hope everyone can get along harmoniously.

What if, in a sudden thought, the interest rate on US Treasury bonds drops to 0? How will stablecoin issuance companies make money to sustain themselves?

In the future, no matter what business the stablecoin zone engages in, it will almost always be inseparable from banks.
The scene of the future hundred group battle is unimaginable.

The business model of traditional institutions for B2B large payments is based on "information asymmetry" and "opaque pricing," with many institutions quoting prices and matching transactions through phone calls.
Customers cannot easily compare prices, and banks enjoy the profits brought by information monopoly; in this context, relationships and trust are more important than efficiency.
So:
- Banks will not actively promote stablecoins for B2B large payments, as this would eliminate their profit sources.
- Clients may not really want transparency, especially in foreign exchange trading, where

I have been thinking lately about which company's stock in the stablecoin zone will explode in the next five years?
There is a bold theory: I believe that banks will have an absolute advantage and dominate the stablecoin payment sector, leveraging their structural advantages in clearing networks and currency creation capabilities.
When payment service providers can only operate at a 1:1 capital efficiency (requiring 100% pre-deposited funds for each transaction), banks can exert pricing power at a capital efficiency of 29:1.
The cost of payment lies not in liquidity, but in the capital locked

The "Age of Exploration" for non-USD stablecoins is coming.

Joy is a treasure finance blogger that I watch every issue, like regularly upgrading the system for my brain, each time refreshing my cognitive boundaries! In this episode, she invited Robert Kiyosaki's tax strategist Tom Wheelwright, which completely overturned all my understanding of tax laws🧠.
"Amateur investors enjoy studying how to make money, while professional investors prefer to study tax laws."
Joy always manages to find those topics that the public doesn't understand but are super important. This episode reveals that the concept of "taxes ar

Build good relationships, all the way there are teachers 🙏🙏🙏

Yap global fault first place 😭😭 483 points!!!
I'm sorry, family. I don't want to spam either. Yap😭😭
But I was really excited when I got up in the morning!!

amazing!!!!!!!!!!😭😭😭
Spinach is the global number one this wave Yap!!!!!!!!!! 😭😭😭
Kaito, I have also completed this project successfully. 😭😭😭

I have never felt that there could be so many scammers in this industry before 😅
Until these past few months, the total amount that people have approached me about for large OTC transactions has exceeded 200 billion RMB😅
They are all scammers 😅 each scheme is different 😅

Recently, I have seen many friends I got to know in 2022 achieving good positions in the industry, with various top projects, leading VCs, exchange executives, or on-chain kings.
I am very happy for them; this industry has given young people too many opportunities, and of course, the gambling industry cannot be left behind 😆
Announcement: The big 💊 is coming

Just now I was chatting with my fren about Trump's contributions to the encryption industry.
Although Trump treated the industry as a family ATM after taking office.
But I believe one of Trump's biggest contributions is providing pro Crypto politicians in the Republican Party with the space to push for truly beneficial legislation for the industry.
For example, Hester Peirce, who was appointed as the head of the White House cryptocurrency task force.

The Age of Discovery for RWA is coming.
Are you ready??