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Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains

Published 01/02/2024, 18:05
Updated 01/02/2024, 18:15
Tether’s $2.85B Profit in Q4 2023 Matches 10% of JP Morgan’s Gains
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Coin Edition -

  • 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.

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