The richest Chinese person is Zhao Changpeng. A few days ago, he gave a speech at Hong Kong University, focusing on a particularly hot concept called stablecoin RWA. What does it mean? It is related not only to billionaires but also closely connected to every ordinary person, and it could possibly be a revolutionary change in the industry. From several perspectives, what is RWA? Let me explain it in the simplest language. RWA refers to the various assets in our real world, such as cars, houses, stocks, and bonds, even a limited edition Lamborghini. Anything that has value and can be traded, tangible assets that we can see and touch, are all assets in our real life. For example, I have a house in Beijing, and the characteristic of this house is that its liquidity is poor. Right now, I am particularly optimistic about a certain stock in the U.S. market, a certain company, and since I don’t have cash on hand, I want to sell the house to buy that company’s stock. At this moment, it takes time, and during this long process, especially now as housing prices are falling, I need to find an agent, sell it, and go through the transfer, which takes a long time. But in the future, I can directly put my physical assets on the chain through stablecoins and the underlying technology of blockchain, which is encrypted and immutable. For example, if my house is worth 10 million. If I want to sell it, I can only find someone who can afford to buy it. Selling it through RWA means that I can divide this 10 million house into 10,000 pieces, into 100,000 pieces. Ordinary people around the world, whoever they are, can subscribe to the smallest share. With just 100 yuan, you can buy one share. As soon as it goes on the chain, it becomes a token, turning it into liquidity. Any commodity, from tables and chairs to a cup of coffee, can be quickly circulated; this greatly improves liquidity, and the liquidity of assets is crucial. The underlying technology used is blockchain, and its technology is characterized by the immutability of cryptocurrency. So what is underlying technology? Let me give another example. We now use this mobile phone, and everyone watches short videos, scrolls through social media, and watches short dramas every day. The underlying technology of this is due to the 4G and 5G networks that have given rise to smartphones. With this network speed, we can be so convenient today, and it has led to various apps, food delivery, ride-hailing, and video watching. This is the underlying technology. In the future, the underlying technology of RWA will be the rapid tokenization and liquidity of assets, which is the blockchain technology of Bitcoin. Don't take this lightly; in the future, someone might participate in this race, and the money of billionaires might shrink dramatically. New technology will bring new revolutions, new application scenarios. Wealth will be transferred according to these levels of understanding. Ordinary people seizing this opportunity might become new billionaires. We should approach these matters with a curious perspective. Suppose I have a building in Beijing or Shanghai, I would have to find a boss worth 10 billion or 100 billion to buy this asset. In the future, it may be possible that I won’t need to find these hundred-billion bosses or thousand-billion bosses; I can put it on the chain instantly. People all over the world, 10,000 people, 100,000 people, can each buy a share and sell it out. Then, everyone will proportionally enjoy the dividends and benefits from all the rental income generated by this building, whether it is used for hotels, offices, or commercial purposes. The entire imaginative space is absolutely revolutionary. Everyone, pay attention to me; what are your thoughts on this? Let's discuss it together.