If I say to you, I'm going to build the world's biggest stable coin, and it's going to be $200 billion, which is bigger than Tether.

If it was Bitcoin backed, I cannot hedge that Bitcoin.

You can't hedge $200 billion in Bitcoin right now without a ridiculous amount of counterparty risk.

That's 10% of the market cap of Bitcoin.

There's no counterparty that's going to take that

risk on. Currencies can go to zero, right? So it's often not the thing you think is going up.

It's the floor you're standing on going down. Like I have two kids and when they're growing up,

I would tell them whenever we got in an elevator, hey, how do you know the building's not going down?

Right? You can't,

other than the feeling in your muscle.

Hey, everyone. Welcome to Unchained. You're no hype resource for all things, crypto. I'm your host, Laura Shin. Thanks for joining this live stream. Before we get started, a quick reminder,

nothing you hear on Unchained is investment advice. This show is for informational and entertainment

purposes only. And my guest and I may hold assets discussed on the show. For more disclosures,

visit Unchained Crypto.com. We have a double header for you all today. And our first guest

is Vinnie Lingam, co-founder and president of

Zash. Welcome, Vinnie. Hey, Laura, good a via. Thanks, thanks to having me again. Yeah,

excited to chat with you. So over the weekend, it was revealed that the Department of Justice

launched an investigation into Federal Reserve chair, Jerome Powell. And in a surprisingly

blunt video, Powell shot back saying,

quote, the threat of criminal charges is a consequence of the Federal Reserve setting interest rates

based on our best assessment of what will serve the public, rather than following the preferences

of the president. Bitcoin initially jumped on the news, but then it dumped, then it rose again,

...