2024

April

Coin

<ul class="news-points"> 
 <li>Bitwise President believes Tether performed impressively in 2023.</li> 
 <li>The stablecoin company generated $6.2 billion in net income in 2023.</li> 
 <li>Tether’s net income is 78% of Goldman Sachs’ and 72% of Morgan Stanley’s.</li> 
</ul> 
Teddy Fusaro, President at Bitwise, has highlighted Tether’s impressive performance in 2023 compared with traditional investment platforms. In a recent post on X, Fusaro noted that Tether produced an estimated $6.2 billion in net income in 2023. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 USDT <a href="https://twitter.com/Tether_to?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@tether_to</a> produced an estimated $6.2 billion in net income in 2023. That's 78% of the number Goldman Sachs did ($7.9bn) and 72% of Morgan Stanley's ($8.5b). They have ~100 employees. GS has 49,000. MS has 82k. Source <a href="https://twitter.com/MaelstromFund?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MaelstromFund</a> <a href="https://t.co/4GjVZZHjBr" target="_blank" rel="nofollow">pic.twitter.com/4GjVZZHjBr</a>— Teddy Fusaro (@teddyfuse) <a href="https://twitter.com/teddyfuse/status/1777034406030352656?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 7, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
According to the information shared by Fusaro, Tether’s net income in 2023 is 78% of Goldman Sachs’ performance during the same period, which was $7.9 billion. It was also 72% of Morgan Stanley’s net returns of $8.5 billion. 
On further comparison, Fusaro highlighted that Tether has only about 100 employees in its workforce compared t…
The post <a href="https://coinedition.com/tether-earns-6-2b-in-2023-competes-with-traditional-financial-firms/">Tether Earns $6.2B in 2023, Competes With Traditional Financial Firms</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Tether Earns $6.2B in 2023, Competes With Traditional Financial Firms

Coin Edition

2024年4月9日公開の他の記事

Zeta Markets Prepares for Token Launch and Airdrop in Solana Ecosystem

DOGE And WIF Investors Can’t Ignore Huge Token Accumulation On $RECQ Presale; Expert Calls This A...

Bitcoin and FED Comment from Famous Billionaire Mike Novogratz! FED Will Fire Up BTC Price Whethe...

Near Protocol and Cosmos Align with Octopus Network’s Adaptive IBC Vision

Opportunities: Shiba Inu (SHIB), Ripple (XRP), and Furrever Token (FURR) Investment Guide

New Alliance in Web3 Gaming as Illuvium (IBG) partners with Samsung

ニュースレターを購読して暗号資産の最新情報を毎日入手！