Weekly Roundup 09/26/25 (Tether worth $500b?, Cloudflare’s stablecoin, DAT insider trading)

Matt and Nic are back for another week of news and deals. In this episode: 

• We review the Coin Center dinner
• Tether is going out to raise at $500b
• Cloudflare wants to launch a stablecoin for agentic payments and launches the 402 protocol
• Circle is thinking about reversible transactions
• BitGo files for an S1
• Strive acquires Semler Scientific
• The SEC is looking into 200 DATs for insider trading
• 9 major European banks are looking to launch a MiCA stablecoin
• The Bank Policy Institute thinks stablecoins threaten banks
• Senate Finance Cmte is looking at crypto taxes 
• Naver is looking to acquire Upbit