Tether's strategy of walking on two legs, USA ₮ and USDT, is also very clear. In strict compliance areas, it will launch USA ₮ to shift stablecoins from offshore to domestically manufactured in the United States to solve regulatory issues, USDT is collaborating with local leaders in Asia, Africa, and Latin America to conquer new territories. For example, recently, Parfin, the parent company of Rayls, a strategic investment company, is a financial infrastructure company based in Brazil that focuses on Latin America and is oriented towards institutions. Its flagship Enygma privacy framework allows transaction data to be kept confidential, but it can also be selectively disclosed to regulatory auditors, solving the pain points of data leakage and compliance auditing that institutions fear the most after going on chain. In the CBDC pilot project of the Brazilian central bank, Rayls was selected as a privacy solution provider, and N ú clea, the largest financial payment and clearing hub in Latin America, also invested in Rayls. Rayls tokenized all of its accounts receivable to improve transaction settlement efficiency. The fundamental background is quite strong. Hard, also listed on Coinbase, but with a very low market value. Under the current market environment, there are endless eggs