Today, I also talked to my friends about USDe and ENA. Previously, ENA's headquarters were in Singapore. Although USDe is a stablecoin, its payments are non compliant without full compliance. Moreover, USDe is not backed by US dollars or US bonds. How could it become compliant? So I am very curious, and the general operation should be that ENA's partner Anchorage Digital will prepare a large amount of US dollar cash or equivalent short-term US bonds with ENA, re endorse USDtb, and make USDtb a compliant stablecoin. Moreover, Anchorage Digital Bank is currently the only federally licensed cryptocurrency bank in the United States, so funding should not be a problem. It depends on the application process.