Wu Shuo learned that Bitcoin Treasury Company Genius Group (GNS) published a company update, saying that in April 2026 it entered the regulated digital banking and stablecoin issuance space by holding a 9.9% equity stake in Bermuda-licensed digital bank Jewel Bank. Jewel Bank holds a banking license from the Bermuda Monetary Authority and a Class F digital asset business license. The company said it is expected to become a licensed payment stablecoin issuer under the GENIUS Act in the United States. The company disclosed that in Q1 2026, operating revenue increased 171% year over year, and gross profit increased 228% year over year to $2 million. It also projects full-year 2026 revenue to reach $20 million to $22 million.

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