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

Otros artículos publicados el 9 abr 2024

Shiba Inu Down More Than 3% Within 24 hours

Fidelity’s FBTC Spot Bitcoin ETF Shines With Remarkable Growth

Memaksimalkan Return Kripto, Analisis Ethereum (ETH), Shiba Inu (SHIB), dan Furrever Token (FURR)

Web3 Sphere and Crypto Trends Surge in March 2024

NeuroMesh: Spearheading the New Era of AI with a Distributed Training Protocol

Ethereum (ETH) Struggles Above $3,600, Solana (SOL) Draws Closer to Support at $163, and Furrever...

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!