💥BREAKING:TETHER CONFIRMS A NEW U.S. DOMESTIC STABLECOIN IS ON THE WAY, BUILT FOR WALL STREET. https://t.co/v0hCD2sv2a ...

We have been watching a stablecoin slowly take over traditional finance in a very large way. And this is not slowing down. In fact, it's actually accelerating more and more and more.In just the last 30 days, the stable coin market is actually up by 5% almost. And this is pretty big for a market that is 250 plus billion. And monthly transfer volume just surged over $3 trillion.And if we look at the monthly active addresses, over 37 plus million holders over 174 plus million as well. This is a massive market ...

Wyoming isn’t far from becoming the first U.S. state to issue its own stablecoin, moving closer to a potential showdown with Washington over certain restrictions signed into law via the GENIUS Act. https://t.co/HPVkhv5ZIA ...

⚡ LATEST: Hong Kong’s OSL Group raises $300M to supercharge global expansion and launch stablecoin payment infrastructure. https://t.co/k9fTrwRA7k ...

RT USDC (@USDC)USDC is now natively available on @SeiNetwork!✅ Access the world’s largest regulated stablecoin✅ Send globally almost instantly✅ Use USDC with your favorite apps on Seihttps://t.co/Oeu7v1DgvX ...

Joining us now is Dan Doof. He is senior fintech analyst at Mazuo. I don't know.Listen, I get it. It's all the rage. My bet is Mastercard, Namx, and Visa.They have thousands of really smart people working on this problem. What do you think. I think the, you know, graveyards are full of people who are shorting Mastercard and Visa on all these thesis.True. And they've been proven wrong. And I'm telling you, they're going to be proven wrong again and again and again.So, I disagree with the disruption thesis on ...

The stablecoin era is here.It's powered by native @USDC. It's accelerating on Sei. And it's live today.USDC Moves Faster on Sei. ($/acc)Sei (@SeiNetwork):Native @USDC and CCTP V2 by @circle are live on @SeiNetwork!The fastest L1 now offers native access to the world's largest regulated stablecoin.USDC Moves Faster on Sei. ($/acc) https://t.co/CgFwDE4EPF ...

Financial Data and Key Metrics Changes - The company reported net income of $4,100,000 or $0.29 per diluted common share for Q2 2025, driven by strong loan originations and a pickup in net interest income [15][16] - Tangible book value per share increased to 13.51 from 13.42 in the prior quarter [4] - Average loan balances totaled $634,000,000 for the quarter, up from $565,000,000 in the prior quarter [15] - Net interest income rose to $14,700,000 from $14,300,000 in the previous quarter, while net interest margin decreased to 7.81% from 8.27% [16][17] - Fee income increased to $10,300,000 from $7,800,000 in the prior quarter [18] Business Line Data and Key Metrics Changes - Loan originations totaled $1,500,000,000 in Q2, a 17% increase quarter over quarter and a 27% increase year over year [9] - SBA loan originations increased by 24% quarter over quarter and over 140% year over year [10] - The company continued to sell guaranteed portions of SBA loans, which made up 43% of the total portfolio at the end of Q2 [11] Market Data and Key Metrics Changes - The company is experiencing strong demand for credit enhanced products, with expected balances reaching $50,000,000 to $100,000,000 by the end of Q4 2025 [10][46] - The overall portfolio growth is supported by a stable environment for SBA lending and healthy demand from qualified applicants [5] Company Strategy and Development Direction - The company aims for gradual growth through 2025 and 2026, focusing on credit enhanced products and new programs signed late in 2024 and early in 2025 [5][6] - Strategic investments made over the past two years are expected to yield results, with potential benefits from BIN and payment products anticipated to enhance profitability [6][14] - The company is exploring the integration of artificial intelligence to improve operational efficiency [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the stability of the overall lending environment and the potential for continued growth in loan originations [5][10] - The company expects a rebound in return on average equity into the low to mid-teens range and return on average assets exceeding 2% in the long term [7][62] - Management acknowledged that while growth may not be linear, they are excited about the long-term potential of the bank [14] Other Important Information - The efficiency ratio improved to 59.5% from 64.8% in the prior quarter, indicating better cost management [19] - The effective tax rate decreased to 24.5% from 28.1% in the prior quarter, with expectations around 27% for 2025 [20] Q&A Session Summary Question: Can you discuss the relationship between credit enhanced income and expected balances? - The credit enhanced income reflects the provision for credit losses related to the credit enhanced portfolio, which will increase as balances grow [22][23] Question: What are the plans for funding growth given the strong loan production? - Short-term funding relies on wholesale funding, while long-term strategies include integrating payments business to attract lower-cost deposits [25][26] Question: What is the trend in net charge-offs this quarter? - The increase in net charge-offs was primarily due to SBA charge-offs, but overall levels are in line with historical expectations [28] Question: How does the company view the impact of AI and stablecoins on the banking industry? - The company sees potential in AI for fraud detection and operational efficiency, while stablecoins are being monitored for future opportunities [40][41][37] Question: What is the current health of the company's partners and pipeline? - The health of partners is strong, with solid growth in origination levels and a good pipeline for new lending partners [47][50]

⚡️ LATEST: Ethena partners with Anchorage to bring USDtb onshore as the first stablecoin with a clear path to full U.S. GENIUS Act compliance. https://t.co/xR2zN7MdIx ...

Potential stablecoin consumer spend TAM could be as large as $41T https://t.co/pylkMEUekZ ...