Kevin Susanto: Tether profit surpasses most Wall Street banks

Kevin Susanto: Tether profit surpasses most Wall Street banks
Tether profit exceeds Wall Street banks

Kevin Susanto, industry influencer, highlights that a stablecoin company has recently out-earned most of Wall Street in terms of profit.

According to Susanto, while traditional banks focus on finding yield, Tether is generating significant profits simply by holding reserves, resulting in billions in profit. The success underscores the scale of earnings in the stablecoin sector compared to traditional finance.

Susanto has previously commented on asset scarcity, noting that collectors locking up supply of Phantasmal Flames UPCs have driven prices higher in recent months. In related coverage, Cryptotesters posted an analysis of the TURTLE token on Binance Square. The firm has focused on tracking new trends and market behaviors within the digital asset sector.

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