BlockBeats news: On February 27, according to Forbes, the stablecoin issuer Tether has recently been valued in the secondary market at a range of $350 billion to $375 billion. If calculated within this range, the wealth of the company’s core shareholders could increase significantly.
Forbes currently estimates Tether at approximately $200 billion based on market interviews (up from $50 billion a year ago). If calculated at this valuation:
CFO Giancarlo Devasini, who holds approximately 44–45% of the shares, has a net worth of about $89 billion.
CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each have a net worth of approximately $38 billion.
General Counsel Stuart Hoegner (approximately 12%) has a net worth of about $25 billion.
At a $350 billion valuation, Devasini's stake would be worth over $156 billion, exceeding Warren Buffett's current net worth of approximately $147.8 billion. In terms of operational data:
Tether generated approximately $10 billion in profit last year (unaudited).
The market capitalization of USDT is approximately $184 billion.
Over 80% of reserve assets are U.S. Treasuries and short-term securities.
Holding approximately $23 billion in gold and $6.4 billion in Bitcoin
Venture capital portfolio exceeds 120 companies, with a value of over $10 billion.
In addition, Tether is accelerating its expansion into the U.S. market by launching the compliant stablecoin USAT and appointing former White House crypto advisor Bo Hines as CEO of its U.S. operations. As competition among stablecoins intensifies and U.S. regulatory scrutiny grows, this funding round is seen as a strategic move to enhance institutional credibility and policy influence.