Stable coins are good for payments also.

But we see people using Lycoy more because like coin is a better store value, right?

Stable coins are based off of, let's say, US dollar.

And as we know, fiat currency is not the best store value as more and more Fiat's been printed over the past few years even.

So people like to store their money in crypto and Bitcoin in like coin.

Similar to how people store money in gold and silver,

being like better store value than fiat currencies.

Crypto treasuries have been in the spotlight lately. Now, MEI Pharma, publicly traded pharmaceutical company has closed a $100 million private

placement to build a light coin treasury.

G.SR and light coin founder Charlie Lee led the placement, and Lee and a GSR appointee

will be joining the MEI-M-E-I-Farm aboard.

Joining me now is Lightcoin creator Charlie Lee and GSR Chief Strategy Officer Josh Wrightsman.

Hey, guys.

Hey there.

Hey.

Great to have you here.

Like I said, crypto treasury firms are all the rage lately. Josh, I want to start with you. GSR led the private placement. Talk to me about what this means for GSR and how you're looking at like coin. This was a right time for MEI to adopt this strategy. And we were super happy that they chose to pursue a strategy around Lightcoin.

If you kind of zoom out and Charlie speak to this way better than I can, but Lightcoin is one of

the most fair widely distributed use crypto assets in the space.

And it's, you know, being one of the original OG coins, it makes sense to work with

GSR, one of the original OG market makers in the space to help bring the strategy into place.

Charlie, I want to hop on over to you. Talk to me about, you know, bringing a light coin treasury

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