As a global payment giant, PayPal's vision in funding crypto projects can be described as razor-sharp. From the largest non-EVM high-performance public chain for RWA asset issuance @Aptos, to the delta-neutral stablecoin @ethena_labs, to the stablecoin L1 chain @stable, and the AI Agent payment-focused @GoKiteAI. PayPal's funding reach in crypto projects extends across the entire stablecoin ecosystem—upstream, midstream, and downstream. Aptos and Stable represent the upstream infrastructure layer; Ethena represents the midstream issuance and liquidity layer; @GoKiteAI represents the downstream application and service layer related to payments. From the demand side, in the foreseeable future, AI agents will become the largest users of stablecoins, and the scale of AI payments will surpass all traditional finance (TraFi) by a massive margin. @GoKiteAI, as the foundational layer of the Agentic Internet for stablecoin payment systems, directly addresses the enormous demand in the stablecoin payment market. <So, will @stable, which is also highly favored by PayPal's capital, end up in fierce competition with @GoKiteAI?> In my opinion, the relationship between the two is far more collaborative than competitive. @stable, as a stablecoin-specific L1 chain, focuses on expanding on-chain applications for stablecoins like PYUSD and USDT, ensuring transaction security and efficiency; Meanwhile, @GoKiteAI acts as the AI Agents layer, providing scenarios for stablecoins such as autonomous AI trading, identity building, and strategy execution, thereby deepening the application of stablecoins. In essence, the two form a true ecological synergy, further expanding PayPal's ecosystem footprint in the crypto space. That's all.