General Liang, who played contracts, actually played meme coins? After some research, $CVGT is actually not a meme coin, this project background is still quite strong, and it is making a native decentralized stablecoin of the Solana ecosystem. @convergent_so The wind of stablecoins has finally blown to every corner of the currency circle. Convergent's gameplay is very clever, and by cooperating with JTO, the largest liquidity staking protocol in the Solana ecosystem, you can obtain a huge liquidity advantage. You know, liquidity is the primary issue for new stablecoins. The general logic is: Users can stake SOL → stake it as JitoSOL→ mint it into USV (the project's stablecoin) → can be used in other Defi projects. Another point to pay attention to is that this is an income-yielding stablecoin. The current stablecoin bill in the United States has a provision that does not allow stablecoin companies to pay interest to users. The same provisions are present in Hong Kong's stablecoin draft. The purpose of this rule is actually to make stablecoins really a payment tool, rather than a so-called investment income to compete with bank deposits. However, there is a very strong demand for "interest-bearing stablecoins" in the market, for example, if you are a business or a large investor with a large amount of reserve funds, you still expect to obtain stable income under the premise of ensuring security. If you convert it to USDT/USDC and put it there, there will be no gain, but Tether and Circle take the dollars they acquire at no cost to manage and swallow the profits, so this is also an opportunity for interest-bearing stablecoins. Only decentralized stablecoins made by Web3 companies can bypass compliance restrictions in disguise to a certain extent, packaging some CeFi and DeFi wealth management products into stablecoins, providing users with stable income or even high returns. This is also the biggest competitiveness of decentralized stablecoins. In short, as a decentralized interest-bearing stablecoin project on SOL, $CVGT still has a lot of room for imagination and may be able to take advantage of the situation. We can keep an eye on it.