PANews reports on February 27 that, according to Forbes, secondary market trading indicates that the valuation of stablecoin issuer Tether could be as high as $375 billion, placing its owners among the world’s wealthiest. Industry sources say Tether’s trading price range in the secondary market is between $350 billion and $375 billion. Based on conversations with cryptocurrency investors and executives, Forbes currently estimates Tether’s valuation at around $200 billion, still far above the $50 billion valuation from a year ago.
With a $200 billion valuation, CFO Giancarlo Devasini’s stake of about 44-45% would be worth approximately $89 billion. CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each hold about 19%, with their net worth around $38 billion. General Counsel Stuart Hoegner owns about 12%, with a net worth close to $25 billion.
If calculated at the lower end of the secondary market valuation of $350 billion, Devasini’s stake would be worth over $156 billion, enough to rank among the world’s top ten billionaires, surpassing Warren Buffett’s current net worth of $147.8 billion.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Tether Invests in Axiym to Expand USDT in Regulated Global Payment Infrastructure
Tether, the issuer of the $183 billion USDT stablecoin, has made a strategic investment in Axiym, a fintech company building distributed treasury and settlement infrastructure across regulated payment ecosystems.
CryptopulseElite3h ago
Tether Backs Axiym to Expand USDT in Global Payments
_Tether invests in Axiym to expand USDT across global payment systems, aiming to streamline cross-border settlement._
Tether has made a strategic investment in Axiym, a fintech company building distributed treasury and settlement infrastructure.
The move aims to bring USDT directly into
LiveBTCNews12h ago
Tether Investment Axiym Expands Payment Infrastructure: Promoting USDT Integration into Global Compliant Payment Networks
Tether announces strategic investment in fintech company Axiym, aiming to deeply integrate its stablecoin USDT into a compliant global payment network to enhance cross-border payment efficiency. The partnership will streamline payment processes, reduce costs, and support payment activities in 140 countries, driving stablecoins toward mainstream financial systems.
動區BlockTempo14h ago
Tether Backs Eight Sleep in $1.5B Health Tech Deal
Tether Investments invested in Eight Sleep to build AI-powered health intelligence tools using sleep and recovery data insights.
Eight Sleep will integrate Tether’s QVAC edge AI architecture to process sleep and health data directly on devices.
Tether Investments expands into health tech wi
CryptoFrontNews14h ago
Tether Investment Fund Management and Settlement Infrastructure System
Odaily Planet Daily reports that stablecoin issuer Tether has announced an investment in funds management and settlement infrastructure Axiym. The specific amount has not been disclosed. The goal is to build a globally distributed funds settlement infrastructure within a regulated payment ecosystem, thereby supporting embedded financial services, including postpaid settlement solutions such as (PNSL), as well as native integration of USD cash flow. This will enable the expansion of USD liquidity in a scalable, compliant manner that aligns with the actual operation of cross-border payments.
GateNews15h ago
Tether Leads $50M Investment in Sleep Tech Firm Eight Sleep to Expand AI Health Monitoring and Data-Driven Sleep Products
Tether leads a $50M funding round for Eight Sleep to expand AI driven sleep technology and health data tools.
Eight Sleep plans a predictive AI agent trained on over one billion hours of sleep data collected through its Pod system.
Tether investment expands beyond crypto as the firm
CryptoNewsLand15h ago
