Stable Coins

6 Months Ended

Jun. 30, 2023

Stable Coins [Abstract]

STABLE COINS

3. STABLE COINS

Stable coins were comprised of the following:

	June 30,		December 31,
	2023		2022
USDC	$	198,200	$	2,972,000

The following table presents additional information about USDC for the six months ended June 30, 2023 and 2022:

	For the Six Months Ended June 30,
	2023			2022
Opening balance	$	2,972,000		$	-
Collection of USDC from subscription fee from investors		50,000			-
Collection of USDC from provision of staking technology tools		3,900			-
Collection of USDC from exchange of BNB		-			297,400
Investment in an equity-method investee in USDC		(300,000	)		-
Purchase of ETH		(2,001,900	)		-
Payment of service fees and other expenses		(525,800	)		-
Ending balance	$	198,200		$	297,400

A reclassification of USDT from stable coin to digital assets has been made to the consolidated balance sheet as of December 31, 2022.