v3.25.2
Accounts payable and accrued expenses
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Accounts Payable and Accrued Liabilities [Abstract]    
Accounts payable and accrued expenses
 
21.
Accounts payable and accrued expenses
Accounts payable and accrued expenses includes the following (in thousands):
 
Table 21.1 Details of Accounts Payable and Accrued Expenses
  
 
 
  
 
 
 
  
June 30,
2025
 
  
December 31,
2024
 
Accrued distribution costs
  
$
107,925
 
  
$
83,318
 
Stablecoin redemptions in transit
  
 
194,026
 
  
 
118,074
 
Accrued expenses
  
 
66,827
 
  
 
70,314
 
Income taxes payable
  
 
3,850
 
  
 
678
 
Accounts payable
  
 
28,522
 
  
 
5,505
 
Other payables
  
 
10,410
 
  
 
9,118
 
  
 
 
 
  
 
 
 
Total accounts payable and accrued expenses
  
$
411,560
 
  
$
287,007
 
  
 
 
 
  
 
 
 
22. Accounts payable and accrued expenses
Accounts payable and accrued expenses includes the following (in thousands):
Table 22. Details of Accounts Payable and Accrued Expenses
 
 
  
December 31, 2024
 
  
December 31, 2023
 
Stablecoin redemptions in transit
  
$
118,074
 
  
$
10,700
 
Accrued distribution costs
  
 
83,318
 
  
 
57,278
 
Accrued expenses
  
 
70,314
 
  
 
50,015
 
Income taxes payable
  
 
678
 
  
 
27,162
 
Accrued interest
  
 
514
 
  
 
740
 
Other payables
  
 
14,109
 
  
 
6,691
 
  
 
 
 
  
 
 
 
Total accounts payable and accrued expenses
  
$
287,007
 
  
$
152,586