Thank you very much. I want to come to you, Mr. Cascarilla, if I can, to talk about how do we make stablecoins stable? In the updated draft that Chairman French Hill and I introduced, we were tweaking the language of what can be held by a stablecoin to back it. Could you provide a little bit of color based on your experience about stability, liquidity, investor confidence in the PAX dollar and what you're backing that with and what we should be looking at? (02:16–02:28)
CLAIM
Asserts that he and Chairman French Hill introduced a draft to modify stablecoin backing requirements.
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