Company: TLGYF
Filing Date: 2025-09-23
Form Type: 425
Source: 0001213900-25-090310
Chunk: 8

Company: TLGY ACQUISITION CORP
Filing Date: 2025-09-23
Form: 425
Chunk 8
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So, um, yeah, that's, that's happening. We expect that to actually go live
in the next couple weeks. So, you know, keep a lookout. Um, just, you know, working, working with Anchorage and their team, you know,
there's a reason why Tether chose them to they're market leaders in, in this, in this area. Um, big fan of what they're doing over there.

I think very smart way for them to approach this. But yeah, we're, we're
doing it and, um, we think that it's, it's a huge opportunity there. There aren't very many frameworks that, that work globally for this
sort of thing right now and for the US to be, you know. Um, doing that, and frankly, like, I think jumping into the, the lead when it
comes to fiat, uh, backed, stable coins in, in that respect, there's obviously some kinks that'll need to be worked out over the next
year, year and a half as, um, the OCC publishes, uh, rules and regulations around it.

And, um, the market sort of adapts to what the requirements are. But yeah,
we're doing it, we're excited about it.

Interviewer:Yeah, I'm curious. I don't want to ask you to comment
too much on the, the market, but, uh, you know, it was stable summer, right? You know, we had genius, we had the, the circle, IPO obviously
the narrative institutional finance pouring into this, this type of vehicle, um, probably benefited, you know, the launch of, of a vehicle
like this.

And obviously you guys couldn't have timed it for that, right? Like you
started this process back in the spring, but. How do you view that narrative or, or that, uh, sort of path going forward, both as it relates
to these like publicly traded vehicles that are sort of proxy exposure to the stablecoin narrative and then just like, it sounds like
you guys see a lot of room to run, you know, on that, that product space in the future.

Zach Rosenberg:Yeah. You're, you're a hundred percent right. You
know, we, we had been talking, uh, with the sponsor and, and with the company about this before cir the circle IPO and I think the circle
IPO was, was really