Tether CEO: JPMorgan Chase undervalued the group's equity of $20 billion for Tether

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Odaily Planet Daily News Tether CEO Paolo Ardoino said that the ‘picky’ JP Morgan analysts underestimated the company’s value by $20 billion in group equity when analyzing the company’s reserves, and he also said that Tether is confident in adapting to US Stablecoin regulation. Paolo Ardoino explained, “Even in the most extreme cases, JPMorgan overlooked a fact: Tether’s equity is worth over $20 billion in other highly liquid assets, and it generates over $1.2 billion in profits quarterly through U.S. Treasury bonds.” (TheBlock)

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