Bitwise President: Tether's net profit in 2023 will be about $6.2 billion, close to Goldman Sachs and Morgan Stanley

According to BlockBeats, Bitwise President Teddy Fusaro cited Maelstrom data, saying that the net profit of stablecoin issuer Tether in 2023 will be about $6.2 billion, which is 78% of Goldman Sachs ($7.9 billion) and 72% of Morgan Stanley ($8.5 billion). It is worth noting that Tether has about 100 employees, while Goldman Sachs and Morgan Stanley have 49,000 and 82,000 employees, respectively.