Wu said that Bluechip announced the completion of a 1M euro seed round and moved its headquarters from the United States to Vienna, Austria to adapt to the development of European MiCA regulations. Founded after the collapse of Terra/LUNA, Bluechip focuses on developing a transparent stablecoin security rating framework and has made relevant methods public for independent verification. The company previously appeared at the 2023 Paris Stable Summit as a non-profit rating agency and switched to a business model based on feedback from potential investors. This time, it also announced a strategic cooperation with Austria's Raiffeisen Bank International, aiming to connect the banking and crypto fields, provide more rating and research services, and promote the security and transparency of the industry.