Tether Launches ‘Made In America’ Stablecoin: USA₮
Although Tether already controls the largest portion of the stablecoin market with $187 billion in circulating supply, and regardless of the fact that it is primarily backed by USD-denominated reserves, USDT is technically not available to customers in the US. That’s why the company today is announcing the launch of USAT – “a dollar-backed stablecoin built to operate within the US' dedicated federal regime”.
Crypto policy advisor to the White House, Bo Hines, became CEO of Tether USAT last September and will oversee the launch. As always, Tether comes with a lot of baggage, so it will be interesting to see how the rollout goes. Read more →
Want more? Tether’s CEO just sat down for a long interview with Fortune.
Crypto payments network Mesh becomes a unicorn
Crypto payments network Mesh has raised $75 million in a Series C funding round that valued the company at $1 billion.
The company acts as a unified payments layer for crypto, bringing together the thousands of wallets, chains, and assets that launch every day, and allowing them to function as a unified network. The company says its network already reaches more than 900 million users worldwide. Read more →
HYPE token surges 25% amid commodities trading frenzy
Hyperliquid’s HYPE token soared more than 25% yesterday as traders on the perpetual futures exchange piled into silver, gold, and other commodities. The exchange’s Silver to USDC market alone registered $1.2 billion in trading volume over 24 hours, making it the second most-traded asset after BTC. Read more →
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1. Kevin O'Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure, here.
2. Based on our Q3 2025 Form 10-Q/A. This revenue growth has been driven by StartEngine Private, a new product line that offers funds in late stage companies. This product line has driven over $75.9 million of the $92.7 million in revenue from the first 9 months of 2025. To understand the impact on margins, see financials. Past performance may not be indicative of future performance.
