The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
We know that GS20 Is profitable, we don’t know how profitable but I personally can only speculate there without any answer from the business. I’m expecting that with most conpanies they will have allocated and have account for gs20 separate to the Angra arm. We know they have an accountant and customer service employee/s and shane tan wages in there along with cost associated with running the platform, ie software and access to liquidity providers. So imho it must be generating over 150k-200k a year minimum really to cover these and more to be profitable, which is more than has ever been reported. I think that’s great progress. But that is if they are accounting like I would expect them too. Then there is Angra, Angra global and semnet to add into that (maybe not semnet as that has only just got going) but overall they must be on a pretty good trajectory.
Yes Kat that is something then need to be able to develope, they have to have the cash in the bank to back their stablecoins or deposits via their neo banking platforms/gs20. This is why I’m pretty sure they will apply for the DSS sandbox so they have time to build up that cash resource.
Theeduke jack would be diluting the boards shares at an unnecessary level. He knows full well it makes sense to issue them at a higher sp. If he was to actually agree it at this level then that would send a terrible message. He has a better business mind than that from what he’s shown.
Https://www.coinspeaker.com/uk-faces-deadline-for-stablecoin/amp/
Https://www.coindesk.com/policy/2024/05/08/uk-minister-says-government-only-has-time-to-implement-stablecoin-staking-legislation/amp/
Weeks people, weeks away
Easysend will also give them access to currency to help back their stablecoins. They need that scalability to be able to continue to back their stablecoin currency for GEUR in order to maintain its value. They will then need to tackle the backing of GUSD as Angra global through vimology help back GRMD. It’s all pieceing together, think the US is next and would make sense with thier stablecoin legislation coming in soon as well. Then that’s all the stablecoins sorted.
They haven’t applied to sandbox Wayne, they may not at all and go straight to authorisation. But the DSS sandbox is open in the summer for applications and if there was a sandbox designed for GST, that would be the one. The others aren’t particularly suited to GST anymore, the DSS one is the next generation and will come at the same time as stablecoin legislation. I’m speculating here but putting the pieces together that would make the most sense while GST scale thier assets and revenue so they can back their stablecoins appropriately for expansion.
Mark bim afolami is there, hopefully he gives another update on stablecoins like he did at the innovate finance conference mid April. He said by June July then, maybe he will surprise us. Keep your eyes peeled for what he has to say.
If we are one of the first through the door in the uk..
https://www.thecoinrepublic.com/2024/05/06/stablecoins-estimated-to-surpass-visa-in-tpv-in-q2-is-it-possible/
I’m surprised the exchange isn’t pumping at the moment with the price action on BTC. Maybe the 24hr figures as starting to show a more true reflection. Still would be expectionally happy with what it’s displaying at the moment.
Overall change in nominees is 30mill up in Hargreevs, and of the others 61million down. So 31 mill change down on the reported. Which explains nothing to me regarding the SP movement since the last figures on the 26th. Can work out where all the placing shares have gone either.
I got this from tim massive after asking why they only updated percentage changes on shareholder list and not actual holdings.
They are just waiting for the latest data from the registrar and the information will be updated. My understanding is that there were no disclosable shareholders arising from the last placing.