Stable Coins

3 Months Ended

Mar. 31, 2024

Stable Coins [Abstract]

STABLE COINS

5. STABLE COINS

Stable coins were comprised of the following:

	March 31, 2024		December 31, 2023
USDC	$	3,146,300	$	254,400

As of March 31, 2024 and December 31, 2023, the Company held 3,146,300 and 254,400 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 three months ended March 31, 2024 and 2023:

	For the Three Months Ended March 31,
	2024			2023
Opening balance	$	254,400		$	2,972,000
Collection of USDC from subscription fee from investors		-			50,000
Purchases of USDC		610,000			-
Collection of USDC from exchange of ETH		2,391,700			-
Exchange of USDC into ETH and USDT		(100,000	)		(285,700	)
Payment of service fees and other expenses		(9,800	)		(228,200	)
Ending balance	$	3,146,300		$	2,508,100