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Wall Street's new darling
On Monday, Citadel Securities, the DTCC, the New York Stock Exchange, Google Cloud, ARK Invest, and Tether backed a single Layer 1 called Zero.
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Tether just put on a suit
For a decade, Tether (USD₮) was the “offshore casino chip,” massive, liquid, but operating in the regulatory shadows. Wall Street ignored it; regulators hunted it.But on January 27, 2026, Tether launched USA₮, a federally chartered stablecoin backed 1:1 by short-term Treasuries, held at Anchorage Digital Bank, and custody by Cantor Fitzgerald.The Fed didn’t lose control. It delegated it. Now $186.2B in private-sector dollars can settle 24/7 across blockchains without touching the Federal Reserve’s ledger.The collateral hierarchy just got disrupted by the very person who would have fought it hardest: a regulator.
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The U.S. crypto battlefield
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Why crypto broke
Three pipes burst at the same time: the U.S. Treasury sucked $200B out of bank reserves, Japan ended 30 years of free-money leverage, and AI's hype cycle suddenly became a risk event.
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Hong Kong built the rails. Will the trains arrive?
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What would make this worth 10x more to you?
Marc here.
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Buy Bitcoin. Then What?
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Where regulation meets reality
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Crypto's $2.1B Custody IPO
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SWIFT’s vampire attack on crypto
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What Davos really said about crypto
Dear PRO reader,
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The house model is dying
For decades, the barrier was maintained by gaming compacts and the assumption that a wager is legally distinct from a trade.
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The end of the closing bell
The New York Stock Exchange (NYSE) just dismantled Wall Street’s most long-boundary: market hours.
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BNY Mellon rewrote how money moves
Hey, it’s Marc,
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Polygon’s $250M payment pivot
Polygon spent eight years perfecting speed.
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China Pays Yield. America Bans It.
We’re 72 hours from a Senate vote that could reshape crypto.
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Morgan Stanley enters crypto issuance
For ten years, Wall Street played the middleman.
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Real-estate enters prediction markets
The U.S.
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The United States just seized 3% of Bitcoin
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