The largest stablecoin Tether (USDT) recorded more profits than the world giant BlackRock in 2023.
At this point, Tether reported a profit of $6.2 billion last year, surpassing BlackRock's profit of $5.5 billion.
In the face of this situation, it is commented that these figures are the most mind-boggling statistics in the cryptocurrency world right now, and it is evaluated that Tether's market value and profitability will grow even more.
Experts said that Tether's surpassing BlackRock in profitability is an important indicator of how quickly the cryptocurrency industry is scaling and developing.
With Tether’s market cap at $118 billion and growing, it’s clear that stablecoins play a big role in global finance.
As is known, BlackRock has spot Bitcoin and Ethereum ETFs.
*This is not investment advice.