Tether CEO: JPMorgan has underestimated the value of Tether's group equity at 20 billion dollars
Tether CEO Paolo Ardoino stated that the "picky" analysts from JPMorgan underestimated the company's value by $20 billion when analyzing its reserves. He also said that Tether is confident in adapting to US stablecoin regulation. Ardoino explained, even in the most extreme cases, JPMorgan overlooked a fact: The equity of Tether Group exceeds $20 billion in other highly liquid assets and generates more than $1.2 billion in profits every quarter through U.S. Treasury bonds." (TheBlock)
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