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ACCOUNTS AND LOANS RECEIVABLE, NET OF ALLOWANCE (Tables)

9 Months Ended

Sep. 30, 2023

Schedule of accounts receivable, net of allowance

Accounts and loans receivable, net of allowance consisted of the following (in thousands):


	September 30,		December 31,
	2023		2022
Stablecoin revenue receivable	$	57,820	$	179,996

Customer fee revenue receivable(1)	34,846		23,014
Loans receivable(2)	215,928		98,203
Crypto asset loans receivable	57,517		85,826
Other receivables	53,211		28,837

Allowance for doubtful accounts(3)	(21,856)		(11,500)
Total accounts and loans receivable, net of allowance	$	397,466	$	404,376

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(1)Includes accounts receivables denominated in crypto assets of $10.0 million and $6.9 million as of September 30, 2023 and December 31, 2022, respectively. See Note 13. Derivatives for additional details

(2)As of September 30, 2023 and December 31, 2022, loans receivable did not include $88.1 million and $2.8 million, respectively, of receivables as these loaned assets did not meet the criteria for derecognition.

(3)Includes provision for transaction losses of $2.2 million and $3.2 million as of September 30, 2023 and December 31, 2022, respectively.