Stablecoin
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X @Decrypt
Decrypt· 2026-02-02 21:40
The Link Between Trump's Fed Pick and Tether's 'Made in America' Stablecoinhttps://t.co/1h2BEbnNp4 ...
Opera Shares Jump After MiniPay Wallet Adds Support for Tether's USDT
Yahoo Finance· 2026-02-02 21:02
Opera’s aggressive pivot into the crypto space paid off in the markets on Monday, with shares climbing nearly 18% following the integration of Tether’s USDT into its MiniPay wallet. The Oslo-based company saw its stock jump from an opening price of $12.42 to $14.87 earlier Monday after announcing that users can now hold and transfer the world's largest stablecoin, alongside the gold-pegged token Tether Gold. Opera's shares finished the day trading at $14.10, still showing a more than 13% rise on the day. ...
Why Visa Stock Is Up Today
The Motley Fool· 2026-02-02 19:40
Core Insights - Visa's stock rose over 3% following the release of strong growth metrics, indicating positive market sentiment towards the company [1] Financial Performance - Visa's net revenue increased by 15% year over year to $10.9 billion for the quarter ending December 31, driven by resilient consumer spending and a strong holiday season [2] - The total number of transactions processed on Visa's network grew by 9% to 69.4 billion, with cross-border volumes rising by 12% [2] - Adjusted net income rose by 12% to $6.1 billion, and adjusted earnings per share increased by 15% to $3.17, surpassing Wall Street's expectations of $3.14 [4] Market Positioning - Visa is expanding its offerings beyond traditional credit and debit cards, focusing on a credential-based strategy that includes digital and mobile payments [5][6] - The company is well-positioned to capitalize on future innovations in cryptocurrency and artificial intelligence, such as stablecoin payments and agentic AI commerce, which may lead to further share price appreciation [7]
NY Prosecutors Slam GENIUS Act, Claim Tether and Circle Profit From Fraud
Yahoo Finance· 2026-02-02 18:53
New York Attorney General Letitia James and four district attorneys, including Manhattan’s Alvin Bragg, signed a letter Monday accusing the GENIUS Act of providing “legal cover” for stablecoin issuers to profit from financial crimes while leaving fraud victims without recourse. The prosecutors say the law has provided the “imprimatur of legitimacy” for stablecoins while allowing issuers to “avoid significant regulatory requirements that are needed to combat financing terrorism, drug trafficking, money lau ...
X @The Block
The Block· 2026-02-02 18:51
RT Yogita Khatri (@Yogita_Khatri5)Trump may need to step in.TD Cowen says crypto market structure legislation is unlikely to advance without @realDonaldTrump forcing compromises between banks and crypto firms.Stablecoin rewards remain a key sticking point, but Democrats pose the bigger hurdle, according to TD Cowen.Here’s why (link 👇): ...
X @Ethereum
Ethereum· 2026-02-02 18:21
RT Veda (@veda_labs)Explore Kraken DeFi Earn, powered by Veda’s vault infrastructure.Built on @Ethereum.Tapping into multiple DeFi protocols to earn on stablecoin balances.It's DeFi, done right. https://t.co/ob9iObctSO ...
X @Wendy O
Wendy O· 2026-02-02 18:16
Crypto things you might have missed:-White House stablecoin yield meeting today-Saylor's bitcoin empire crumbles?-Ripple secures new e-money license-Cardano secures $70B liquidity injection-@JupiterExchange integrates @Polymarket-Bernstein sees BTC bottoming in $60K range ...
Gold giant becomes major buyer of U.S. debt
Yahoo Finance· 2026-02-02 16:04
Group 1 - Tether has become the largest private holder of gold and U.S. government debt, positioning itself similarly to major financial institutions [1][2][3] - The company has accumulated approximately 80 to 116 metric tons of gold, with a notable addition of 27 tons in Q4 2025 due to rising gold prices amid geopolitical and inflation concerns [3] - Tether's direct U.S. Treasury holdings exceed $122 billion, with total exposure surpassing $141 billion when including reverse repurchase agreements, making it one of the largest non-sovereign holders of U.S. debt globally [4] Group 2 - The growth of Tether's USDT stablecoin has driven significant demand for U.S. Treasuries, with nearly $50 billion in new tokens issued in 2025, raising total circulation above $186 billion [6] - The model for minting USDT involves depositing dollars that are primarily invested in short-term U.S. Treasuries, generating yield for Tether while maintaining liquidity for redemptions [7] - This strategy has established Tether as a major buyer of Treasury bills, particularly at the short end of the yield curve [7]
X @Ignas | DeFi
Ignas | DeFi· 2026-02-02 15:53
"Financial operating system" is the sexiest framing for Ethereum.Digital oil? Oil isn't shiny, nor the price going up. Governments work hard to suppress its cost, as high prices are bad for world's economy.Financial operating system makes you think of Microsoft's Windows, but for global finance.And just like Windows, you run apps on it.But those apps are financial, which means they require much higher security standards than anything Microsoft deals with.Windows makes money because every app runs on it.Ethe ...