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ACCOUNTS RECEIVABLE, NET
6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET
8. ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consisted of the following (in thousands):
June 30,December 31,
20262025
Stablecoin revenue receivable$110,467 $122,936 
Customer accounts receivable61,095 54,143 
Other accounts receivable168,446 133,202 
Gross accounts receivable340,008 310,281 
Less: allowance for doubtful accounts(6,814)(3,162)
Total accounts receivable, net$333,194 $307,119 
As of each of June 30, 2026 and December 31, 2025, the Company had two counterparties, each of whom accounted for more than 10% of the Company’s Accounts receivable, net.