The digital finance is here!
BLACKROCK
- 19,800 employees
- $10.4T AUM (10% of world GDP!)
- $5.5b profit
TETHER
- approx 50 employees
- $119B AUM (0.1% of world GDP)
- $6.2b profit
Tether consider themselves a technology company first.
Only a tech company could pull off making more money than the worlds biggest asset manager with ~50 people.
Despite popular belief, Tether is a #Bitcoin company.
Though USDT runs on many crypto networks and is core to DeFi, strategically their destiny is tied to Bitcoin's success. Behind the scenes they fund efforts to strengthen Bitcoin including its sovereign adoption.