Tether CEO: JPMorgan Undervalues Group Equity of $20 Billion

BlockBeats News, February 13th, Tether CEO Paolo Ardoino stated that the "picky" JPMorgan analyst underestimated the company's value by $20 billion when analyzing its reserves. He also mentioned that Tether is confident in adapting to US stablecoin regulations.

Paolo Ardoino explained, "Even in the most extreme scenario, JPMorgan has overlooked the fact that Tether Group's equity is valued at over $20 billion in other highly liquid assets and generates over $1.2 billion in profit quarterly through US Treasury bonds."