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Tether's net profit in 2023 reached $6.2 billion

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2024-04-09 00:55:24
Bitwise President Teddy Fusaro cited Maelstrom data to indicate that Tether, the stablecoin issuer, had a net profit of approximately $6.2 billion in 2023, accounting for 78% of Goldman Sachs ($7.9 billion) and 72% of Morgan Stanley ($8.5 billion), respectively.
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