Latest / The Paul Barron Crypto Show / Meta Launching Stablecoin🚨Sui Inevitable!🔥Evan Cheng INTERVIEW

Transcript

Meta Launching Stablecoin🚨Sui Inevitable!🔥Evan Cheng INTERVIEW · The Paul Barron Crypto Show

• 0:00
  Speaker 1: Today let's dive into something that's really brewing in the market.
• 0:03
  Speaker 1: Of course, you've heard the news Facebook is launching a
• 0:06
  Speaker 1: new stable coin, and today we're going to break that
• 0:08
  Speaker 1: down for you. It's going to be a good one. Swee.
• 0:10
  Speaker 1: And the team behind it actually came over from building
• 0:14
  Speaker 1: on much of the stable coin strategy that Facebook once had,
• 0:19
  Speaker 1: so they've seen it. They've seen this before, so I
• 0:21
  Speaker 1: wanted to basically bring them in and have Evan Chang
• 0:24
  Speaker 1: join us, coming in from Sweet Network. How are you
• 0:27
  Speaker 1: missed in laps? How are you?
• 0:28
  Speaker 2: I'm doing good.
• 0:29
  Speaker 1: Nice to see you again.
• 0:30
  Speaker 2: Evan.
• 0:30
  Speaker 1: You were on about a year ago. I think it
• 0:32
  Speaker 1: was fantastic video. You guys were very popular on that video,
• 0:36
  Speaker 1: and now we're talking about another popular topic, which of
• 0:39
  Speaker 1: course is guess who met a stable coin? Comeback? First
• 0:43
  Speaker 1: of all, when you saw this news and you started
• 0:46
  Speaker 1: to see this kind of heading into the market, was
• 0:48
  Speaker 1: this kind of deja vu lessons from Libra.
• 0:51
  Speaker 3: I mean, it's not DJFU, right, you see it coming.
• 0:54
  Speaker 3: It's inevitable. It's being hinted. You know, it's not just Facebook,
• 0:59
  Speaker 3: it's not just Meta. Yeah, it's it's you know, all
• 1:03
  Speaker 3: the bigcomer sites. All the big you know, kind of
• 1:05
  Speaker 3: important players are looking at it, right, So stable coin
• 1:08
  Speaker 3: is no longer this new thing. Everybody is trying to
• 1:13
  Speaker 3: understand how to incorporate into the system.
• 1:16
  Speaker 1: Well, and you look at some of the moves that
• 1:17
  Speaker 1: are happening in fintech. You've got PayPal, which popped nearly
• 1:21
  Speaker 1: seven percent. This was just on a report talking about
• 1:24
  Speaker 1: Stripe that would be weighing in terms of an acquisition
• 1:29
  Speaker 1: of PayPal. This would be a big deal if Stripe
• 1:31
  Speaker 1: were to get in bold enough to come in and
• 1:34
  Speaker 1: acquire PayPal going forward. Did that news catch you by
• 1:39
  Speaker 1: surprise or do you kind of look at this market
• 1:42
  Speaker 1: maybe consolidating here in the near future.
• 1:44
  Speaker 2: It's not really a surprise.
• 1:46
  Speaker 3: You see how PayPal have fallen behind in the marketplace,
• 1:50
  Speaker 3: even though it's extremely still popular, it's everywhere, right, I
• 1:53
  Speaker 3: use PayPal myself all the time, but you also see
• 1:56
  Speaker 3: it's really not been getting the attention in the market.
• 1:59
  Speaker 3: You know there was going to be more of these
• 2:02
  Speaker 3: changes happening in the market.
• 2:03
  Speaker 1: Yeah, you guys are right next door to Facebook and
• 2:06
  Speaker 1: Meta right down the street. I think I'm looking at
• 2:09
  Speaker 1: the Meta headquarters and Miston Lab headquarters you're like, what
• 2:11
  Speaker 1: like three blocks away or something.
• 2:13
  Speaker 2: Yeah, it feels well, it depends on traffic.
• 2:17
  Speaker 3: It's very closed or it could be could be a
• 2:19
  Speaker 3: bit of a drive.
• 2:20
  Speaker 1: When you look at everything that's going on with Meta
• 2:23
  Speaker 1: in terms of a strategy right now, and you kind
• 2:26
  Speaker 1: of compare to their process of selecting a winner here,
• 2:30
  Speaker 1: this was a breakdown around the Stripes l one blockchain
• 2:35
  Speaker 1: Tempo that was really the one that Meta is kind
• 2:38
  Speaker 1: of coming in. I'll zoom in on that right there.
• 2:39
  Speaker 1: Because Tempo's network promises to process over one hundred thousand
• 2:43
  Speaker 1: transactions per second sub second finality, all of that. What
• 2:47
  Speaker 1: problems might Meta face right now on this blockchain? What
• 2:50
  Speaker 1: do you think, Well, this is not Meta's block chain, right,
• 2:53
  Speaker 1: Tempo Stripes blockchain. But yeah, obviously being selected as the partner.
• 2:58
  Speaker 3: Yeah, I think they purposely built of payment, which you
• 3:02
  Speaker 3: were seeing before we the end was purposely.
• 3:06
  Speaker 2: Built for payments.
• 3:07
  Speaker 3: Uh. The complexity of payment is not this is not
• 3:10
  Speaker 3: where it's complicated. It's at the edge. Right, how do
• 3:14
  Speaker 3: we deal with compliance? How do we deal with regulation?
• 3:18
  Speaker 2: Right?
• 3:19
  Speaker 3: You want to be active, you want that money movement
• 3:22
  Speaker 3: to be valuable. That's that's where it gets complicated, right,
• 3:27
  Speaker 3: I think. I think the blockchain technology development has gotten
• 3:30
  Speaker 3: to the point everybody is seeing what we have done.
• 3:32
  Speaker 3: Everybody has seen what other high speed blockchain done. A
• 3:36
  Speaker 3: lot of these things are nothing shocking anymore. We obviously
• 3:40
  Speaker 3: we still believe we have by far the better technology.
• 3:43
  Speaker 3: It's the next sort of building blocks that's complicated, right,
• 3:47
  Speaker 3: How do you have the right kind of privacy building block?
• 3:53
  Speaker 3: And what does that mean for regulation?
• 3:55
  Speaker 2: Right?
• 3:56
  Speaker 3: Can you still be a compliant, still be private? These
• 3:59
  Speaker 3: are the the complication that we all have to deal
• 4:02
  Speaker 3: with next.
• 4:03
  Speaker 1: With metas situation. Timing here is very important. Obviously we
• 4:07
  Speaker 1: are watching the Clarity Act go through DC right now.
• 4:11
  Speaker 1: Stable coins are going to be a very clear component
• 4:15
  Speaker 1: of how strategies are being built. You look at the
• 4:17
  Speaker 1: Meta fourth quarter report. I was looking at their cash
• 4:20
  Speaker 1: position right there. I'll zoom in on that so you
• 4:23
  Speaker 1: can see it cash equivalents marketable security setting it around
• 4:27
  Speaker 1: eighty billion dollars right now, So that's tbl of cash.
• 4:33
  Speaker 1: When you look at the size of this and the scope,
• 4:35
  Speaker 1: wouldn't that make this maybe one of the biggest use
• 4:38
  Speaker 1: cases for stable coin, especially with distribution that is out
• 4:43
  Speaker 1: there right now?
• 4:44
  Speaker 3: Yeah, I mean, look at a number of connected dots, right,
• 4:48
  Speaker 3: you can imagine every user on the Facebook. Well Facebook
• 4:53
  Speaker 3: is not just Facebook, right, Meta, It's not just Facebook.
• 4:55
  Speaker 3: There's Instagram, which is a lot of commerce activity. You know,
• 5:00
  Speaker 3: WhatsApp one of the most popular kind of messaging app,
• 5:05
  Speaker 3: especially as the tool people used to connect with their
• 5:10
  Speaker 3: friends and family overseas, right, not just in the US,
• 5:13
  Speaker 3: over the world. Massive, massive reach. And I think this
• 5:18
  Speaker 3: will be one of the sort of validation point for
• 5:22
  Speaker 3: crypto technology.
• 5:24
  Speaker 2: Starting with staple coin.
• 5:25
  Speaker 3: This is going to sort of unlock a lot of everything, right,
• 5:29
  Speaker 3: every other player is going to feel much more comfortable,
• 5:34
  Speaker 3: you know, getting involved and start adopting new technology. You Know.
• 5:38
  Speaker 1: It's interesting too because I think if you look back
• 5:40
  Speaker 1: in the twenty twenty one cycle, Meta changed their name.
• 5:44
  Speaker 1: At that time, it was probably the one thing that
• 5:47
  Speaker 1: kicked off Web three in that era. It's very similar
• 5:50
  Speaker 1: that this is what we're seeing right now in a
• 5:53
  Speaker 1: time where the market is kind of in a correction phase,
• 5:56
  Speaker 1: especially when you look at the regulatory side of this.
• 5:59
  Speaker 1: You just mentioned all the marketplace transactions. How big do
• 6:03
  Speaker 1: you think the volume could actually go?
• 6:05
  Speaker 2: I mean, how big can it be?
• 6:08
  Speaker 3: It's two hundreds of billions or trillions, who knows right
• 6:13
  Speaker 3: in what time horizon.
• 6:15
  Speaker 2: It's there's no up a bump.
• 6:17
  Speaker 1: Plus you look at the Meta AD plus creator transactions,
• 6:22
  Speaker 1: that's over two hundred billion. I think right now, that's
• 6:25
  Speaker 1: a big deal. You guys, of course have something that
• 6:27
  Speaker 1: you're building alchemy.
• 6:29
  Speaker 3: Oh that's the AD network, right, that's one of our partners.
• 6:32
  Speaker 3: Tell me a liberty I have sound success.
• 6:34
  Speaker 2: Yeah, so they're.
• 6:35
  Speaker 3: Using the three stack, right. It's note is not just
• 6:38
  Speaker 3: the three stack, is not just a blockchain for transferring assets.
• 6:42
  Speaker 3: So you probably heard the news before, right.
• 6:45
  Speaker 2: Once in a while, Meta.
• 6:47
  Speaker 3: Has runys to the situation. They say, well, there was
• 6:50
  Speaker 3: there were some mistakes. We may be overcharging our partners,
• 6:54
  Speaker 3: or there's some calculations as wrong, and there's always worry
• 6:57
  Speaker 3: about these really transparent process or there's collusion, or there's
• 7:02
  Speaker 3: fraudulent and happening in the air market. So with technology
• 7:07
  Speaker 3: they can do you know, sort of blind bidding, so
• 7:12
  Speaker 3: you can ensure absolute fairness and the record can be
• 7:18
  Speaker 3: validated because it's on the blockchain. Yeah, this is this
• 7:23
  Speaker 3: is an example of what the future would look like
• 7:25
  Speaker 3: for something that has been around for for a very
• 7:28
  Speaker 3: long time.
• 7:29
  Speaker 1: Yeah, tokenized digital advertising interesting that this to your point,
• 7:33
  Speaker 1: it does kind of get into the transparency side of thing.
• 7:36
  Speaker 1: I think this is going to be something that we
• 7:37
  Speaker 1: will continue to see growth on too. Could this mean
• 7:41
  Speaker 1: Apple starts to lose its clamps on that thirty percent fee,
• 7:46
  Speaker 1: especially around what Meta is dealing with? Do you think
• 7:48
  Speaker 1: that has any any bearing on this.
• 7:51
  Speaker 3: That's that's a little bit complicated, right, It's not just Apple.
• 7:55
  Speaker 3: Apple is a very close network. They have a lot
• 7:57
  Speaker 3: of sort of unclear contry over it. I think for
• 8:02
  Speaker 3: them to lose their that control it, you know, it
• 8:06
  Speaker 3: will have to come from distribution. Every player is going
• 8:09
  Speaker 3: to adopt new technology such as you know, stable coins
• 8:13
  Speaker 3: and other kind of crypto rail that efficiency could translate
• 8:19
  Speaker 3: in low cost. So we'll see, but I think Apple
• 8:24
  Speaker 3: will probably hold on to the cuts for a while.
• 8:27
  Speaker 3: There will be one of the last ones to change.
• 8:31
  Speaker 1: Do you think Zuckerberg has just been on the sidelines
• 8:34
  Speaker 1: or do you think he's quietly been strategically building here
• 8:38
  Speaker 1: or trying to at least plan for this next evolution
• 8:42
  Speaker 1: for Meta as a business.
• 8:45
  Speaker 2: Mark Zuckerberry is never on the sideline anything.
• 8:48
  Speaker 3: I'm sure he's watching the development or the technology or
• 8:52
  Speaker 3: the everything that's happening in the market. Of course, everybody's
• 8:56
  Speaker 3: attention has been on AI, but financial related technology is
• 9:01
  Speaker 3: always on top of every you know, big tech CEO's
• 9:04
  Speaker 3: mynd you cannot you know it? Yeah, I don't believe
• 9:07
  Speaker 3: for one second being complete as on line you know,
• 9:11
  Speaker 3: not paying attention to it.
• 9:13
  Speaker 1: Hey, listen, I've got another major fintech CEO that's starting
• 9:17
  Speaker 1: to address this and east and this is, of course,
• 9:19
  Speaker 1: is the CEO of Stripe. Let me play this clip
• 9:22
  Speaker 1: for you because he's talking about building a commerce chain
• 9:25
  Speaker 1: first and then I want to get your opinion on this.
• 9:26
  Speaker 1: Take a look.
• 9:27
  Speaker 4: There's been sort of a new narrative around agents will
• 9:31
  Speaker 4: use stable coins. I'm wondering how much overlap there is there.
• 9:34
  Speaker 4: Purely the web is not built for agents. You're going
• 9:38
  Speaker 4: to need blockchains and this was our thinking behind it,
• 9:40
  Speaker 4: incubating tempo. Like everything in AI, people want to sell
• 9:43
  Speaker 4: a hypee story and so they, you know, talk about
• 9:45
  Speaker 4: how the machines will buy everything, you know, with as
• 9:47
  Speaker 4: you can consulting you that that seems far off and
• 9:49
  Speaker 4: not that excited about that. You can start from just
• 9:51
  Speaker 4: the basics of why are we filling out forms like
• 9:54
  Speaker 4: why can't I just send something to you know, a
• 9:57
  Speaker 4: link to CHATCHYBT and have it bias or why can
• 10:00
  Speaker 4: anti search you know, outside of you know, just do
• 10:03
  Speaker 4: a basic keyword search or something like that. And so
• 10:06
  Speaker 4: a lot of the work Stripe is doing is building
• 10:08
  Speaker 4: the infrastructure. We're working with all the big retailers that
• 10:11
  Speaker 4: you would expect, the you know, Etsy's and Shopifys and
• 10:14
  Speaker 4: best Buys and Walmarts and folks like this. And there's
• 10:17
  Speaker 4: basically a ton of boring API and protocol and infrastructure work.
• 10:21
  Speaker 4: But because of blockchain congestion where you know, you have
• 10:25
  Speaker 4: coins that are or blockchains both used for kind of
• 10:28
  Speaker 4: mean coin trading and also serious real world payments, and
• 10:32
  Speaker 4: so we just want low latency, high through push payments
• 10:35
  Speaker 4: and we're going to need much higher throughput for the
• 10:37
  Speaker 4: age of very specific product terms. People just want to
• 10:40
  Speaker 4: be able to do shopping, do discovery, do purchases within
• 10:43
  Speaker 4: the aipps.
• 10:44
  Speaker 1: All right, So that's his argument. My question to you
• 10:47
  Speaker 1: is what's the better strategy if you look at commerce
• 10:50
  Speaker 1: being the strategy, which is what Stripe is talking about,
• 10:52
  Speaker 1: that's their business of course, versus what you guys are
• 10:55
  Speaker 1: building for which is edge When you look at DeFi
• 10:59
  Speaker 1: and the explore version that most likely will take place
• 11:02
  Speaker 1: with SUI, what's the better strategy here?
• 11:05
  Speaker 3: Well, so the better strategy is not the same for
• 11:08
  Speaker 3: every player. Stripe has a relationship. All the merchants, of course,
• 11:12
  Speaker 3: are going to go from merchant for commerce network from
• 11:16
  Speaker 3: commerce first. We don't have it right if you're building
• 11:19
  Speaker 3: a new blockchain, a new ecosyst and you don't have
• 11:21
  Speaker 3: all that relationship right. So our strategy has been building
• 11:26
  Speaker 3: the infrastructure first and then building the layers on top.
• 11:29
  Speaker 2: And as we build, we learn right what.
• 11:32
  Speaker 3: The broader community needs, what the ecosystem needs, How do
• 11:36
  Speaker 3: we develop these touch points, how do we develop this relationship?
• 11:40
  Speaker 3: The strategy will courage and that's the part people, you know,
• 11:44
  Speaker 3: perhaps are missing. So once you building infrastructure, you're going
• 11:47
  Speaker 3: up the stack and we all start attacking some these
• 11:50
  Speaker 3: similar problems, but perhaps in a very different way. There's
• 11:54
  Speaker 3: not one strategy that's going to work okay well for everyone.
• 11:57
  Speaker 1: And obviously throughput is going to be a big part
• 11:59
  Speaker 1: of that. Do you feel like you guys address that
• 12:02
  Speaker 1: in terms of whether it's memes, whether it is payments,
• 12:05
  Speaker 1: whether it is agentic transactions throughput. Will you guys be
• 12:09
  Speaker 1: able to deal with that?
• 12:10
  Speaker 3: Yeah, street pool is really not a concern, right. You
• 12:13
  Speaker 3: have seen us making the infrastructure enhancements as we learn
• 12:18
  Speaker 3: more and more of what that congestion would look like.
• 12:21
  Speaker 3: Uh probably heard a couple months ago. We even announced
• 12:24
  Speaker 3: the update to the database. So you can have congestion,
• 12:27
  Speaker 3: that's one problem with dealt with her. But then there
• 12:30
  Speaker 3: is a persistent high kind of low for a period time,
• 12:33
  Speaker 3: then database becomes a problem. We solve that as well,
• 12:36
  Speaker 3: So I think it's going to be We'll keep on
• 12:38
  Speaker 3: building to meet the demand. We don't really have any
• 12:41
  Speaker 3: concern about that. So a lot is sort of you
• 12:45
  Speaker 3: kind of have to get there to really see. I
• 12:48
  Speaker 3: is there any other kind of chick points that we
• 12:51
  Speaker 3: need to address? But we feel very good about our technology.
• 12:54
  Speaker 1: Because this is the question I think a lot of
• 12:56
  Speaker 1: people are trying to figure out. There was the article
• 12:58
  Speaker 1: and the research that we talked about yesterday's show, which
• 13:01
  Speaker 1: is that agentic AI will essentially start to distill down
• 13:05
  Speaker 1: into the most efficient model for agentic payments. You guys
• 13:10
  Speaker 1: of course launched what is it BEEP and you look
• 13:12
  Speaker 1: at this versus an example of what's going on Stripe,
• 13:16
  Speaker 1: which right now is primarily commerce, and you're still getting
• 13:19
  Speaker 1: those fees merchant fees, et cetera. In the future that
• 13:21
  Speaker 1: could be all stripped down. And if you look at this,
• 13:24
  Speaker 1: this is the kind of the connection here because this
• 13:26
  Speaker 1: drops into all of the tool sets that essentially AI
• 13:30
  Speaker 1: driven and it's zero fees versus what we're dealing with
• 13:33
  Speaker 1: the traditional fees that we've talked about on our channel
• 13:36
  Speaker 1: for a long time, is that credit card fees, processing fees,
• 13:39
  Speaker 1: all these things eventually go away with this. Do you
• 13:42
  Speaker 1: think this is within reach now, say, in the next
• 13:45
  Speaker 1: twelve months.
• 13:45
  Speaker 2: Absolutely. Yes.
• 13:47
  Speaker 3: Let me touch on the zero fee a little bit
• 13:49
  Speaker 3: and that perhaps we answer the question how is zero
• 13:52
  Speaker 3: fee possible? Are we eating the fee or is BEEP
• 13:55
  Speaker 3: eating the feed? No, because the asset was being put
• 13:58
  Speaker 3: to work to generate you and the yield cover the fee.
• 14:02
  Speaker 2: Right.
• 14:02
  Speaker 3: So this is very important when you think staple coin
• 14:06
  Speaker 3: is just the simpler phone tokenized asset. So the token
• 14:09
  Speaker 3: assets are in a lot of ways similar to non
• 14:12
  Speaker 3: tokenized asset. It's just money or just gold or just whatever.
• 14:18
  Speaker 3: But tokenization means you can put the asset immediate to work.
• 14:22
  Speaker 2: You can generate earning from.
• 14:24
  Speaker 3: It which cover fees, which make everything more active and
• 14:28
  Speaker 3: more powerful, more faster. So this is important and I
• 14:32
  Speaker 3: will not be surprised you see the model continue to
• 14:35
  Speaker 3: change where people understand then that people really understand the
• 14:40
  Speaker 3: benefit of this phone payment versus the traditional payment. The
• 14:45
  Speaker 3: adoption just going to go, you know, go through the roof.
• 14:48
  Speaker 2: So this is.
• 14:49
  Speaker 1: Really to be parabolic because if you do figure this
• 14:52
  Speaker 1: out and merchants will migrate to this so quickly, which
• 14:56
  Speaker 1: automatically gives you immediate distribution. That's just at the retail level,
• 15:01
  Speaker 1: whether it's e commerce or in person. So I can
• 15:04
  Speaker 1: see how this would be unbelievably popular with the markets
• 15:08
  Speaker 1: in general. I'm looking at a couple of other things.
• 15:12
  Speaker 1: I wanted to kind of focus on a Danie's tweet
• 15:14
  Speaker 1: right here. He hit on this right here, which is
• 15:16
  Speaker 1: this is what the future of money looks like. First
• 15:19
  Speaker 1: agentic bank account, sweet network is lives checking, savings, credit
• 15:22
  Speaker 1: exchange payments, all of that's available. This is a big deal.
• 15:26
  Speaker 1: Is this more of a PR stunt or is this
• 15:29
  Speaker 1: something that you guys feel is going to be an
• 15:31
  Speaker 1: absolute change? And how payments and banking is done in
• 15:34
  Speaker 1: the future.
• 15:35
  Speaker 3: Well, this is amazing. This is just I think individual
• 15:39
  Speaker 3: developer developers on street. Yeah, but this is going to
• 15:43
  Speaker 3: be what it requires for one of the many components
• 15:46
  Speaker 3: required for agents to be purely autonomous. Yeah, you're seeing
• 15:50
  Speaker 3: the friction that slorready exists with a gender kind of
• 15:55
  Speaker 3: and how they kind of make use of their owners assets.
• 16:00
  Speaker 3: If you give agent access to your bank account or
• 16:06
  Speaker 3: even to your crypto com Right, wasn't there just a
• 16:09
  Speaker 3: couple of days ago somebody When the agents send something
• 16:12
  Speaker 3: like fifteen thousand to somebody on Twitter just because you know, right,
• 16:17
  Speaker 3: and the way mistake costs, they'll owner a lot of money.
• 16:20
  Speaker 3: So there has to be separation. So for agents to
• 16:24
  Speaker 3: have control their own financial asset so they can do
• 16:28
  Speaker 3: things on the owner's behalf. Is it's going to be important.
• 16:33
  Speaker 1: I want to Okay, So so the I think it's
• 16:35
  Speaker 1: early stage. Obviously we'll see around agenttic payments taking place
• 16:40
  Speaker 1: and the stripping down of a lot of this fluff
• 16:42
  Speaker 1: market that has been out there because the agents are
• 16:44
  Speaker 1: going to look for the best deals on everything, no
• 16:46
  Speaker 1: matter whether it's a subscription, a travel program, or just
• 16:50
  Speaker 1: a transaction. So I can see that. You look at
• 16:53
  Speaker 1: the way in which they're going to transact. You guys
• 16:56
  Speaker 1: of course launched the E swie dollar, so this is
• 16:59
  Speaker 1: WEE USD. Why is this better for traders and holders
• 17:03
  Speaker 1: than say, you know, circles USDC explain.
• 17:07
  Speaker 3: In this case the general putting your money to work
• 17:11
  Speaker 3: without having to take an extra step to put it
• 17:16
  Speaker 3: to work is a powerful concept. I think this is
• 17:21
  Speaker 3: something people can understand the benefit immediately.
• 17:26
  Speaker 1: But if an agent is going to be able to
• 17:29
  Speaker 1: take your assets get the very best yield for it,
• 17:33
  Speaker 1: would it not look for all the different solutions that
• 17:37
  Speaker 1: are out there to be able to do this. A
• 17:38
  Speaker 1: good example would be HI Finance. Right here, here's all
• 17:40
  Speaker 1: the vaults they can liket, I can drop my SUI
• 17:42
  Speaker 1: in there. Why would this not be the solution versus
• 17:46
  Speaker 1: say going native on this.
• 17:48
  Speaker 3: They're not in competition, they're transversion right exactly right. You
• 17:53
  Speaker 3: have sort of money that's passive sitting you checking account
• 17:57
  Speaker 3: right now, collecting zero point in some per se. Or
• 18:00
  Speaker 3: you can have money sitting around and generate one percent.
• 18:04
  Speaker 2: What's better.
• 18:05
  Speaker 1: Let me get into this right here, because I'm looking
• 18:07
  Speaker 1: at RWA as being one of the biggest growth areas
• 18:10
  Speaker 1: right here, and I go over and I track this down,
• 18:13
  Speaker 1: and what are you guys doing to improve this component
• 18:17
  Speaker 1: for the SWEE network.
• 18:18
  Speaker 3: Well, first of all, you need to have high quality assets.
• 18:22
  Speaker 3: What we have seen in the last year or so,
• 18:25
  Speaker 3: there's been this spoon WA. A lot of chains claim
• 18:29
  Speaker 3: to have a ton of WA, but US answer questions
• 18:33
  Speaker 3: what are they doing right issuing WA? These assets sit
• 18:38
  Speaker 3: there because if there's no byside, these assets are not
• 18:43
  Speaker 3: being put to work generating or part of the economic
• 18:46
  Speaker 3: activities on CHIN, then there's pre pointless, right. So I
• 18:50
  Speaker 3: think what we're seeing is we have now identified the partners.
• 18:54
  Speaker 3: We have the partners a very interesting high quality assets
• 18:58
  Speaker 3: on CHIN with buyers interests. To asset look and feel
• 19:03
  Speaker 3: a lot like your traditional asset, but they're just better
• 19:07
  Speaker 3: the immediate being put to work. They're t plus zero
• 19:11
  Speaker 3: version of your traditional asset. So pretty soon you're going,
• 19:14
  Speaker 3: I mean, we already have it. You can buy token
• 19:17
  Speaker 3: ized goal, you can buy go today, but token I
• 19:19
  Speaker 3: schools means you can immediate put it to work.
• 19:22
  Speaker 1: Huge in terms of mainstream Evan, I want to go
• 19:25
  Speaker 1: into our rapid round with you, and this is a
• 19:29
  Speaker 1: whole series of questions kind of your thoughts on it,
• 19:33
  Speaker 1: and Meta abandons the stripe chain, which is you know
• 19:36
  Speaker 1: what we're talking about there, uh and launches its own
• 19:39
  Speaker 1: L two on a theorem. You think that will happen
• 19:41
  Speaker 1: with Mark.
• 19:42
  Speaker 2: No, here's no way. No, okay, You're absolutely no way.
• 19:45
  Speaker 1: Not going to launch it. I'm going to go up.
• 19:47
  Speaker 2: Well, so remember.
• 19:48
  Speaker 3: Remember we remember you remember we we were there, right,
• 19:53
  Speaker 3: we look at ETHEREU and we look at everything.
• 19:56
  Speaker 2: We create a move and all that.
• 19:58
  Speaker 3: No, given the amount of money involved, given how mission critical.
• 20:03
  Speaker 2: It is, well that makes well. While the team has
• 20:05
  Speaker 2: moved on.
• 20:06
  Speaker 3: People understand the understanding stace is you cannot touch solidity,
• 20:11
  Speaker 3: EV and Etherian.
• 20:12
  Speaker 2: That's true.
• 20:14
  Speaker 1: Yeah, yeah, you just now, okay, you just talked me
• 20:16
  Speaker 1: into being on the fence. Then I'm on the fence. No,
• 20:19
  Speaker 1: just because I think speed the market is going to
• 20:22
  Speaker 1: matter now more though more so than ever.
• 20:24
  Speaker 2: There's plenty of situation Buchun so that you know.
• 20:28
  Speaker 1: Yeah, I like it. All right, let's go into this.
• 20:30
  Speaker 1: If clarity doesn't pass, Meta will eventually join coinbase on
• 20:34
  Speaker 1: the stable coin yield fight. What do you think you
• 20:37
  Speaker 1: think they'll defend stable coin yields if Clarity.
• 20:40
  Speaker 3: I don't think they're going to get involved here. So
• 20:43
  Speaker 3: when you say the clergy doesn't pass, you're saying next sptral. Yeah, yeah,
• 20:49
  Speaker 3: I don't think they're getting involved.
• 20:51
  Speaker 1: If Clarity doesn't pass, Apple will eventually join the banks.
• 20:55
  Speaker 1: They'll say that's okay, we don't want stable coin yield,
• 20:57
  Speaker 1: we want to ban it.
• 20:58
  Speaker 2: I don't think they will get involve either. Yeah.
• 21:01
  Speaker 1: I don't know. Man, these guys they get they get
• 21:03
  Speaker 1: in some of these fights for crazy reasons.
• 21:05
  Speaker 3: Uh.
• 21:05
  Speaker 1: And of course this is the guy that usually gets
• 21:07
  Speaker 1: in on the best, and that's Elon.
• 21:10
  Speaker 2: Uh.
• 21:10
  Speaker 1: He races to launch a stable coin after Meta's USD launch.
• 21:13
  Speaker 1: What do you think do you think would.
• 21:15
  Speaker 2: Go after one? I wouldn't. I wouldn't bet on this.
• 21:20
  Speaker 3: I would instead think about whether Elon would would launch
• 21:24
  Speaker 3: something before Meta.
• 21:25
  Speaker 1: Oh okay, so you think yes, But like way out here,
• 21:29
  Speaker 1: you think he's going to really race. I'm on that
• 21:32
  Speaker 1: on that panel as well. I think he's going to
• 21:33
  Speaker 1: go for well.
• 21:34
  Speaker 2: I don't.
• 21:34
  Speaker 3: I don't know if they need to launch it onn
• 21:36
  Speaker 3: staple coin, but I would not be surprised staple coin.
• 21:41
  Speaker 3: He's already talked about how x is going to be
• 21:43
  Speaker 3: a super app with with commerce and everything, it makes
• 21:46
  Speaker 3: sense for stable coin to be part of it.
• 21:50
  Speaker 1: Meta Eventually this allows USDC and u s TT usage
• 21:53
  Speaker 1: across its platform in favor of Meta USD. What do
• 21:56
  Speaker 1: you think they'll lock it down?
• 21:58
  Speaker 3: I think they will choice so meta like a lot
• 22:03
  Speaker 3: of others like, they very very conscious of the friction
• 22:07
  Speaker 3: you introduce by giving the user too many choices. They
• 22:11
  Speaker 3: may bet on something. Now is that the case for
• 22:15
  Speaker 3: everything that's not as clear? Right, So if you're in
• 22:19
  Speaker 3: say Instagram, that's different. If it's sort of back in,
• 22:25
  Speaker 3: I don't think they will be as sensitive to different
• 22:28
  Speaker 3: stable coins.
• 22:29
  Speaker 1: Yeah, they could be a king maker for sure.
• 22:31
  Speaker 3: No, I think they don't need to do this right
• 22:34
  Speaker 3: because in the future, the orchestration is going to be
• 22:36
  Speaker 3: very important for humans, for anybody, for any entities. Just say, okay,
• 22:41
  Speaker 3: I'm going to choose to pay in US dollar, whether
• 22:45
  Speaker 3: there's fear or stable coin, I would just pick the
• 22:48
  Speaker 3: one that's better. Now, do I want to pick between
• 22:52
  Speaker 3: different stable coins or being hidden away from as a choice?
• 22:56
  Speaker 2: I think that's the latter.
• 22:58
  Speaker 3: Is what's going to be the the moderate out event, all.
• 23:02
  Speaker 1: Right, METAAI agents and stable coins would rather would usher
• 23:06
  Speaker 1: in the end of visa and MasterCard. What do you
• 23:08
  Speaker 1: think this is in reference to the Sutrini report, which
• 23:11
  Speaker 1: was that forward looking article saying that the end of
• 23:14
  Speaker 1: MasterCard and Visa is eminent.
• 23:17
  Speaker 3: Now they're smart people there adopt right, does hurt their
• 23:22
  Speaker 3: businesses to change their business?
• 23:24
  Speaker 2: Yes? Okay, well the end of visa, mastercar, I doubt it.
• 23:29
  Speaker 1: I'm more on the front of that. Retail will push
• 23:33
  Speaker 1: this and it and and you know, it's like all businesses.
• 23:37
  Speaker 1: Nobody wants to be out, you know, you know, out maneuvered.
• 23:42
  Speaker 1: But you look at how retail pushes and let me
• 23:45
  Speaker 1: tell you, retail is not a fan of these credit
• 23:49
  Speaker 1: card fees. The minute they get a glimmer of an
• 23:52
  Speaker 1: alternative demanded distribution, I think shifts the game pretty quickly.
• 23:56
  Speaker 1: Now do they pivot? Maybe they do. I don't know.
• 23:59
  Speaker 2: Well, I wouldn't visa massacre be the frendi.
• 24:02
  Speaker 1: Endu could be, could be.
• 24:04
  Speaker 3: Yeah, and they can offer additional benefits to the to
• 24:08
  Speaker 3: the users and holders.
• 24:10
  Speaker 2: We will see.
• 24:11
  Speaker 1: What about meta? You think they'll jump into prediction markets,
• 24:14
  Speaker 1: you know, polymarket or do they build their own?
• 24:16
  Speaker 3: Uh? They won't have either none, okay, because I think
• 24:20
  Speaker 3: prediction market as a stance today is not going to
• 24:24
  Speaker 3: be the prediction market that stands it exists in five
• 24:27
  Speaker 3: years from now. So I think that's a general term.
• 24:31
  Speaker 3: We'll see where it goes. Kelsey and Pody markets don't great,
• 24:34
  Speaker 3: especially party market. They started this. They will involve evolve themselves.
• 24:39
  Speaker 3: So again I think this is not different. This is
• 24:42
  Speaker 3: not a time bounded question, right, so this can be
• 24:45
  Speaker 3: ultimately true one way or the other.
• 24:47
  Speaker 1: Yeah, I love it. But global regulation forcing Metada into
• 24:50
  Speaker 1: privacy enabled change? Do you think that will happen?
• 24:53
  Speaker 3: Uh?
• 24:53
  Speaker 2: Privacy enable change? Uh?
• 24:56
  Speaker 3: That that's a silly terminology. So privacy it is a feature.
• 25:02
  Speaker 3: Blockchain can have privacy enabled functionality on top. If you're
• 25:07
  Speaker 3: baking into privacy meaning your closed network, that's silly. That
• 25:12
  Speaker 3: would never work.
• 25:14
  Speaker 1: But not a chance.
• 25:16
  Speaker 3: They will be forced into some privacy to protect the customer.
• 25:20
  Speaker 3: Doesn't mean they will be forced into a privacy enabled.
• 25:23
  Speaker 1: Chain, okay. Web three social app takes off in the
• 25:27
  Speaker 1: next three years after a bipartisan revolt against meta x
• 25:30
  Speaker 1: or TikTok and their practices.
• 25:33
  Speaker 3: No more likely when the social network will dub web
• 25:39
  Speaker 3: Stree technology rather than saying web stree species social app.
• 25:44
  Speaker 3: But I think again people sort of thinking in sort
• 25:47
  Speaker 3: of binary here. It's not the case. It's not like
• 25:51
  Speaker 3: there's a Web three versus a Web two app. It's
• 25:54
  Speaker 3: just elements. It's going to be incorporated.
• 25:57
  Speaker 1: And my statement on that, you know, if you had
• 25:59
  Speaker 1: asked me this two years ago, I would have said, well,
• 26:02
  Speaker 1: maybe there's an alternative here. But with the Web three
• 26:05
  Speaker 1: implosions that we had in trying to get federated social media,
• 26:08
  Speaker 1: it showed just how hard it is and that distribution matters.
• 26:12
  Speaker 1: And I think you're right. I think that they just
• 26:14
  Speaker 1: adopt a Web three model that starts to you know,
• 26:17
  Speaker 1: potentially address some of the issues that I think eventually
• 26:20
  Speaker 1: will come out of lawmakers, you know, for privacy concerns
• 26:23
  Speaker 1: all that kind of stuff for sure.
• 26:25
  Speaker 3: And the market is markets, right, It's never going to
• 26:28
  Speaker 3: be regular regulation enforced force the market to go one
• 26:33
  Speaker 3: way or the other.
• 26:33
  Speaker 1: Here's a bonus question. Which successful Pokemon ecosystem would you
• 26:37
  Speaker 1: rather have on sue right now? Physical or the digital?
• 26:42
  Speaker 3: This is an interesting one.
• 26:47
  Speaker 2: Digital. That's say, I think.
• 26:51
  Speaker 3: Scarcity is something Pokemon does really well. Yeah, so they
• 26:58
  Speaker 3: need to figure out what that clike first.
• 27:02
  Speaker 2: So yeah, digital, all right, Bolt is going to be digital.
• 27:08
  Speaker 1: Yeah, yeah, I'm going to stay with you on digital.
• 27:09
  Speaker 1: I think that's that's kind of the future of where
• 27:11
  Speaker 1: we're going to see all these assets go. Evan Chang
• 27:14
  Speaker 1: coming in from Sweet Network. Thank you so much Missing Labs.
• 27:17
  Speaker 1: Of course, you guys can learn a lot more about SWEE.
• 27:19
  Speaker 1: I'm sure most of everybody that's watching this today understands
• 27:22
  Speaker 1: Sweet Network, but you get a little bit of an
• 27:24
  Speaker 1: inside treat here today. So thanks for coming in today, Evan.
• 27:28
  Speaker 1: We appreciate it.
• 27:29
  Speaker 2: Thank you, Paul. It's great to be here.
• 27:37
  Speaker 1: If you like this video, like and subscribe, drop a
• 27:39
  Speaker 1: comment down below, and also join our free private member group.
• 27:43
  Speaker 1: The link is in the description.