Stablecoin issuer Tether backed a separate political action committee alongside Fairshake during the 2026 U.S. midterm elections

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Federal and state elections held midway through a presidential term that determine control of Congress and shape the political direction of the country.

The money and influence the crypto industry deploys in politics, from campaign donations and super PACs to revolving-door hires.