Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains
- According to Ryan Selkis, Messari CEO, Tether’s net profit has risen to 10% of JP Morgan’s.
- Tether’s CEO, Paolo Ardoino, reported that the company made a $2.85 billion profit in Q4 2023.
- Messari noted that Tether has less than 50 employees, and the number of staff at JP Morgan is 250,000.
According to Ryan Selkis, Messari CEO, Tether’s net profit has risen to 10% of JP Morgan’s. In a recent post on X (formerly Twitter), Selkis compared the sizes of both establishments in terms of employees. According to him, Tether has less than 50 employees, while the number of staff at JP Morgan was 250,000.
Tether's net profits are now 10% of JPMorgan's.
— Ryan Selkis (d/acc)
Tether has ~50 employees, and JPM has 250,000. https://t.co/04QNO5UOzm(@twobitidiot) January 31, 2024
Selkis referenced Tether’s Q4 2023 attestation summary, published by the company’s CEO, Paolo Ardoino. According to the report, Tether made a $2.85 billion profit in Q4 2023. Split between net operational profit, which amounted to approximately $1 billion, and profit from gold and Bitcoin holding, worth about $1.85 billion.
Further details of Ardoino’s summary showed that Tethe…
The post Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains appeared first on Coin Edition.
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Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains
- According to Ryan Selkis, Messari CEO, Tether’s net profit has risen to 10% of JP Morgan’s.
- Tether’s CEO, Paolo Ardoino, reported that the company made a $2.85 billion profit in Q4 2023.
- Messari noted that Tether has less than 50 employees, and the number of staff at JP Morgan is 250,000.
According to Ryan Selkis, Messari CEO, Tether’s net profit has risen to 10% of JP Morgan’s. In a recent post on X (formerly Twitter), Selkis compared the sizes of both establishments in terms of employees. According to him, Tether has less than 50 employees, while the number of staff at JP Morgan was 250,000.
Tether's net profits are now 10% of JPMorgan's.
— Ryan Selkis (d/acc)
Tether has ~50 employees, and JPM has 250,000. https://t.co/04QNO5UOzm
Selkis referenced Tether’s Q4 2023 attestation summary, published by the company’s CEO, Paolo Ardoino. According to the report, Tether made a $2.85 billion profit in Q4 2023. Split between net operational profit, which amounted to approximately $1 billion, and profit from gold and Bitcoin holding, worth about $1.85 billion.
Further details of Ardoino’s summary showed that Tethe…
The post Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains appeared first on Coin Edition.
Read More
Tron Overtakes Ethereum as Top Chain for Tether (USDT) Supply