As we all know, Japan has been very, very, very conservative about cryptocurrencies for a long time. And you see, CZ has gone from having no choice but to leave Japan back then to being able to give a speech in front of the Japanese Prime Minister. ” The first is the reason why Japan has been conservative about Crypto in the past, in addition to Japan's own cultural internal causes, the external causes were actually two epic thefts (Mentougou in 14 and Coincheck in 18). And every time it was stolen, Japan calmed down for 4 years. What is the opportunity for improvement? Stablecoins It wasn't until 22 years later that Japan established Web3 as a national economic growth strategy, but note that web3 is actually a stablecoin. In '23, Japan continued to unbundle stablecoins and started a new Payment Services Act, classifying fiat-redeemable stablecoins as "electronic payment instruments" rather than "crypto assets". And by 25, USDC was allowed to be used in Japan; Reuters reported that even Japanese regulation will allow the issuance of the first yen stablecoin, JPYC. It can be seen that stablecoins really have a fatal attraction to the will of the country. What "crypto assets", what "virtual currency" - I don't know much and don't want to know, I only remember that it was stolen badly before, but when I talk about stablecoins, I immediately come to my senses. Crypto's killer application besides Bitcoin itself already exists, which is stablecoins, undoubtedly.