Let me also briefly talk about Circle (non Guang) @USDC Just launched, currently the PE is too high, around 60 is relatively normal, which is around 45 dollars The problem with Circle is 1. Profitability is actually relatively narrow 2. Circle's anchor is US Treasury bonds. A rate cut in US Treasury bonds will affect Circle's direct returns 3. PE with greater symbolic significance but unable to support 125 4. The extensive application of USDC on Solana requires waiting for Solana here