Yes, the stock coin platform has also launched GMGN, so there's no need to go to Kraken and Bybit for KYC. Later, more major exchanges will join in. If xStocks doesn't pay the exclusivity protection fee, the exchanges will just take a cut of the transaction fees, which is just a small amount. Developing it like Robinhood, where they earn both transaction fees and dividends, is the real big deal. It's like the Tether of the US stock market. Currently, the liquidity of stock coins is not good because there are few people in the crypto space who originally play in the US stock market, and those who do are already funding their accounts with brokers. When will it explode and bring in new participants? I expect: 1. Market software includes stock coins in the overall rankings; 2. Stock coins for companies like XAI and OpenAI that are not yet listed open for trading; 3. BlackRock's stock coin exchange opens. With so many benefits of stock coins—24/7 trading, tax avoidance, no KYC—once regulation loosens and major platforms lend a hand, it could create a huge wave. Thinking positively, it could also bring new money into the crypto space. By the way, for those who haven't been to GMGN yet, check it out: Go in, select the SOL chain, and then click on the US stock section.