Luna and the collapse of stable coin. So this is something that's in the stable coin situation is very interesting. Troy, we talked about this all the day.

If anybody's not familiar with crypto, you know, you have a stable coin, which is really peg to mimic the US dollar, USD.

And the whole point is that is supposed to be stable, right? Like you can just it's like a money market account for brokerage.

And you can, you know, whenever you want to take your money out of crypto without actually, you know, transferring it back over to fiat currency, you can put it in a stable coin.

And, you know, the stable coins are supposed to just, you know, hold up, be solid.

Oh, that didn't happen.

It's a problem. Unstable. Unstable coin. Yeah.

So you want to talk about this stable coin situation?

Yeah, yeah. So I mean, that makes perfect sense, right? Like when we saw the market ticking down, you can take your money out, put it into a US

Well, I shouldn't even say USD, but a stable coin and you can let it settle like you said in a market money marketing account.

What happened was, uh, that coin wasn't so stable. It dropped under a dollar and dropped to 99 cents. Now, the key with this is that it was pegged to the terror blockchain.

So there's USD, which is the stable coin and then you have Luna, right?

And so that's the coin under the terror. So they were synonymous with each other. Every USD was able to one Luna.

And then when that dropped under 99 cents, now it's not stable. And so people saw that they were like, hey, I can buy USD and trade it for my Luna coin.

And once that started happening, every time you buy one, Luna coins get burned and vice versa.

But what happened is that people started buying so much USD that it started burning and supply.

And there's a maximum amount. I don't know if anybody saw that in a white paper. I know I didn't see that.

There's a maximum amount that they can have in a day.

And once it hits that number, people couldn't move anything. So panic happens.

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