Tether CEO: JPMorgan underestimated Tether's $20 billion group equity

ChainCatcher news, according to The Block, Tether CEO Paolo Ardoino stated that "picky" JPMorgan analysts underestimated the company's $20 billion group equity when analyzing its reserves. He also mentioned that Tether is confident in adapting to U.S. stablecoin regulations.

Paolo Ardoino explained, "Even in the most extreme cases, JPMorgan overlooks the fact that Tether Group's equity is worth over $20 billion in other highly liquid assets and generates more than $1.2 billion in profits each quarter through U.S. Treasury bonds."