• Why stablecoin Tether is more profitable than Goldman Sachs.

  • Oct 9 2024
  • Length: 31 mins
  • Podcast

Why stablecoin Tether is more profitable than Goldman Sachs.

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  • Summary

  • Stablecoins, backed by real-world assets such as the US dollar, are on a rampage. Jon Ovadia, CEO of crypto exchange OVEX, explains how USD-backed stablecoin Tether, with just 100 employees, recently surpassed Goldman Sachs in terms of profitability. This, says Ovadia, will soon become a multi-trillion dollar business and account for most cross-border transactions. Moneyweb Crypto news articles
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