Stable Coins

12 Months Ended

Dec. 31, 2023

Stable Coins [Abstract]

STABLE COINS

4. STABLE COINS

Stable coins were comprised of the following:

	December 31, 2023		December 31, 2022
			As Restated
USDC	$	254,400	$	2,972,000

As of December 31, 2023 and 2022, the Company held 254,400 and 2,972,000 USDC, respectively. The fair value of USDC were kept at $1.00 because one USDC is pegged to one U.S. dollar.

The following table presents additional information about USDC for the years ended December 31, 2023 and 2022:

	For the Years Ended December 31,
	2023			2022
					As Restated
Opening balance	$	2,972,000		$	-
Collection of USDC from subscription fee from investors		300,000			3,093,000
Collection of USDC from other services		6,800			-
Purchases of USDC		139,900			-
Collection of USDC from exchange of USDT		595,000			-
Collection of USDC from exchange of ETH and BNB		-			446,600
Investment in an equity-method investee in USDC		(300,000	)		-
Exchange of USDC into ETH		(2,894,400	)		-
Payment of service fees and other expenses		(564,900	)		(567,600	)
Ending balance	$	254,400		$	2,972,000