In Q1 2023, Blackrock made $1.16B in net income. In that same time, Tether netted $1.48B. A stablecoin issuer has just surpassed the net income of a 35-year-old asset manager with $9T AUM. It is no surprise that issuing stablecoins is a highly profitable business
Euro Stablecoins and The Future of Money
Euro Stablecoins and The Future of Money
Euro Stablecoins and The Future of Money
In Q1 2023, Blackrock made $1.16B in net income. In that same time, Tether netted $1.48B. A stablecoin issuer has just surpassed the net income of a 35-year-old asset manager with $9T AUM. It is no surprise that issuing stablecoins is a highly profitable business