Wu Shuo learned that Bitcoin Treasury Company Genius Group (GNS) announced an update, stating that in April 2026, it entered the regulated digital banking and stablecoin issuance sector by holding a 9.9% stake in Bermuda-licensed digital bank Jewel Bank. Jewel Bank holds a Bermuda Monetary Authority banking license and a Class F digital asset license, and the company claims it is expected to become a licensed payment stablecoin issuer under the US GENIUS Act. The company disclosed that in Q1 2026, operating revenue increased by 171% year-on-year, gross profit increased by 228% year-on-year to $2 million, and it is projected that the full-year revenue for 2026 will reach between $20 million and $22 million.

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