Stablecoin
Tether reports $1.04 billion Q1 profit and record reserves
Reported by AI Image generated by AI
Tether, the issuer of the largest stablecoin USDT, announced a first-quarter net profit of $1.04 billion for 2026. The company's excess reserves reached a record $8.23 billion, with total assets nearing $192 billion against liabilities of about $183.5 billion. Reserves include significant holdings in U.S. Treasuries, gold, and bitcoin.
Donald Trump Jr. and Zach Witkoff rejected online rumors that the Trump-linked crypto platform World Liberty Financial is collapsing. The denials came Thursday at Consensus in Miami Beach amid a legal fight with Tron founder Justin Sun. Executives defended the firm's leadership and stablecoin reserves.
Reported by AI
Ripple Labs CEO Brad Garlinghouse stated that the U.S. Senate's crypto market structure bill, known as the Clarity Act, remains uncertain despite a recent stablecoin compromise. Speaking at Consensus 2026 in Miami Beach, he emphasized that a Senate Banking Committee hearing this month is crucial for its advancement. Without it in the next two weeks, the bill's chances could drop sharply.
The U.S. Senate Banking Committee has postponed a key markup hearing on the Digital Asset Market Clarity Act, originally set for January 15, 2026, following opposition from Coinbase. The delay stems from concerns over provisions affecting stablecoin rewards and regulatory authority. Lawmakers and industry leaders express optimism for continued negotiations.
Reported by AI
Tether, the issuer of a major stablecoin, has made an undisclosed investment of up to $50 million in the cryptocurrency lending platform Ledn. The deal values Ledn at approximately $500 million, according to sources familiar with the transaction.
PayPal is expanding its use of blockchain technology across its operations, a move its CEO says is essential for modernizing payments. This initiative reflects a broader trend among Wall Street firms embracing crypto tools. Experts predict 2026 will see widespread adoption following regulatory progress in 2025.
Reported by AI
Personal finance firm SoFi has introduced SoFiUSD, a stablecoin pegged to the US dollar, marking it as the first national bank to issue such a coin on a public, permissionless blockchain. The launch aims to provide infrastructure for banks, FinTechs, and enterprises to manage funds more efficiently. SoFiUSD will soon be accessible to all SoFi members.
Hong Kong awards stablecoin licences to HSBC and StanChart-led group
March 02, 2026 21:47EU banks' Qivalis advances euro stablecoin preparations
February 26, 2026 10:58Circle announces partnerships with Visa, Intuit, and a country
February 21, 2026 15:54Société Générale expands euro stablecoin to XRP Ledger
February 21, 2026 06:49Tether discontinues offshore yuan stablecoin CNH₮
January 08, 2026 16:26Wyoming's frontier stable token launches on Kraken
January 07, 2026 09:59Trump-linked crypto firm applies for federal banking charter
January 06, 2026 19:23Kontigo suffers $341,000 stablecoin theft in cyberattack
January 05, 2026 13:37Catholic USD stablecoin launches to support charitable causes
December 28, 2025 04:43World Liberty Financial opens vote on treasury funds for USD1 incentives