Investor Presentaiton

The future of stablecoins Trend Prediction Dollar dominance as stable UoA Rise of interest-bearing stables Rise of crypto-collateralized stables Dollarization of public blockchains Crypto-Eurodollar-ization USD continues to dominate stable UoA with >95% market share Within 2y, >30% of stables bear interest (<1% today) Within 2y, >25% of USD stables are issued against crypto collateral (<5% today) >70% of on chain tx volume remains stables Singapore, HK, UAE, Bermuda become major USD-denominated issuer jurisdictions FUTURE - Yield & crypto collateral 15

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