Many KOLs have deleted their posts. What exactly happened between Sei and Xiaomi? That's pretty amazing. Sei first announced a partnership to pre-install a stablecoin payment app on Xiaomi phones. Then suddenly they changed their tune, saying that Xiaomi would not directly support or operate digital currency payments. This is quite strange: usually both parties announce the cooperation, but Xiaomi has remained completely silent, neither confirming nor denying, nor clarifying. Why doesn't Xiaomi respond? Actually, Xiaomi has no way to respond. Given the recent crackdown on cryptocurrencies in China, Xiaomi will naturally be cautious about making any statements at this critical juncture. In other words, this is something that can be done, but it needs to be done quietly. Moreover, Xiaomi is not yet capable of doing this well. If the user downloads the software themselves, then they naturally bear the risk themselves. However, pre-installing the app on a Xiaomi phone is tantamount to Xiaomi endorsing Sei with its reputation. In this situation, if a user experiences issues such as stolen funds, is Xiaomi liable? And how would it assume responsibility? II. Is the collaboration between Xiaomi and Sei real or fake? There are rumors circulating, but after verifying with long-time employees, the news of a collaboration between Sei and Xiaomi is false. However, judging from the current situation, this cooperation does not seem like fake news, but rather like real news that has been "exaggerated to an extreme". It's possible that the collaboration between Xiaomi and Sei is real, but it may be limited to the early planning stage, or it may be limited to the pre-installation of the app on phones released in a certain country, rather than being implemented on a large scale. However, that's just how projects are these days in the crypto; they seize any opportunity to hype things up. They use Amazon's services and then claim to have a powerful partnership with Amazon… In short, there are still too many questions surrounding this matter. Let the bullets fly a little longer.