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TechFlow reported on February 13 that Tether's Chief Technology Officer, Paolo Ardoino, said on social media platform X that the reason for JPMorgan analysts' negative stance is because they do not hold Bitcoin.
Previous report: JPMorgan analysts claimed that if the U.S. stablecoin regulation bill passes, Tether might need to sell Bitcoin and other assets.
According to Tether CTO Paolo Ardoino's post on social media X, the reason JPMorgan analysts express negative sentiment toward Bitcoin is because they don't hold any Bitcoin themselves. Previously, JPMorgan stated that if the U.S. stablecoin regulation bill passes, Tether might need to sell assets such as Bitcoin.
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