The Daily Peg

Tether's Paolo Ardoino is everywhere right now.

Industry news

Tether Posts Lower Annual Profit Despite Scale of Stablecoin Operations
https://finance.yahoo.com/news/tether-records-lower-annual-profit-202015562.html
Financial results show earnings variability even as USDT remains the dominant dollar-backed token.

Visa and Mastercard Seen Holding Back on Direct Stablecoin Exposure
https://finance.yahoo.com/news/visa-mastercard-aren-t-buying-174411984.html

Tether Says Gold-Backed Token XAUT Now Holds 60% of Its Market Segment
https://finance.yahoo.com/news/tether-xaut-captures-60-market-101304124.html

WSJ Reports UAE Royal Quietly Took 49% Stake in Trump-Linked Financial Venture With Digital Asset Ties
https://www.theblock.co/post/387931/uae-sheikh-secretly-acquired-49-of-trumps-world-liberty-financial-days-before-inauguration-wsj

Central banks

Fed Balance Sheet Strategy Could Reshape Dollar Liquidity Backdrop for Stablecoins

Andy Constan@dampedspring

Fed balance sheet reduction 101 under the Warsh, Miran, Bessent, Trump dovish fed fund rate, hawkish balance sheet regime - a workable plan In order to reduce the balance sheet assets you need to reduce the liabilities The liabilities are Roughly 850BN in TGA 2.4TN in

*Walter Bloomberg @DeItaone

FED'S MIRAN: I WANT TO SHRINK THE BALANCE SHEET BY A LOT MORE, SMALLER BALANCE SHEET IS RIGHT WAY FED'S MIRAN: REGULTIONS A BIG ISSUE FOR SIZE OF FED BALANCE SHEET

2:42 PM · Jan 31, 2026 · 103K Views

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44 Replies · 61 Reposts · 406 Likes

Analysis

Financial Times Examines Shifts in Global Finance With Implications for Digital Dollar Instruments
https://www.ft.com/content/0fe2232a-4689-4296-b4cd-8c07c326c48c

Paolo Arodino is Everywhere Right Now: TechCrunch Profiles Paolo Ardoino as Tether’s Public Presence Expands During Stablecoin Spotlight
https://techcrunch.com/2026/02/01/why-tethers-ceo-is-everywhere-right-now/

Regional

Central Bank of Barbados Pushes Payment System Efficiency Upgrades Amid Digital Money Shift
https://www.centralbank.org.bb/news/speech/toward-increased-efficiency-in-payments-systems

Central Bank of Uzbekistan Advances Digital Transformation of Financial Infrastructure
https://bulletins.bfconsulting.com/en/digital-transformation-the-ongoing-efforts-of-the-central-bank-of-uzbekistan/

Hong Kong Sets Timeline for New Digital Asset Regulatory Push Affecting Stablecoin Issuers
https://finance.yahoo.com/news/hong-kong-targets-march-first-090036593.html

Depeg watch

Crypto Forum Flags Potential Depeg Event in USDe Stablecoin
https://www.reddit.com/r/Buttcoin/comments/1qt5c8k/usde_depeg/?rdt=44708