Tether CEO: JPMorgan analysts underestimated Tether's $20 billion group stake

Odaily News Tether CEO Paolo Ardoino said that “picky” JPMorgan analysts underestimated the company’s $20 billion group stake when analyzing the company’s reserves, while expressing confidence that Tether is confident of adapting to U.S. stablecoin regulation.
Paolo Ardoino explains: “Even in the most extreme case, JPMorgan Chase ignores the fact that Tether Group’s equity is worth more than $20 billion in other highly liquid assets and generates more than $1.2 billion in profits per quarter through US Treasuries.” (TheBlock)