Tether's secondary market valuation reaches as high as $375 billion, and its largest shareholder's net worth may surpass Buffett

SmartContractAuditor · 2026-02-27T11:56:24+00:00

Tether's secondary market valuation is between $350 billion and $375 billion, below the target of $500 billion. Forbes estimates its valuation at approximately $200 billion, with the CEO and executives' net worth significantly increased. Tether's profit last year was about $10 billion, with a USDT market cap of $184 billion, primarily backed by U.S. Treasury bonds and short-term securities. The company also launched the compliant stablecoin USAT.

SmartContractAuditor

2026-02-27 11:56:24

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Odaily Planet Daily reports that the stablecoin issuer Tether is currently valued between $350 billion and $375 billion in the secondary market, below the previous Bloomberg reported maximum funding target of $500 billion. Forbes, based on discussions with crypto investors and executives, currently estimates Tether’s valuation at around $200 billion, far above the $50 billion valuation from a year ago.

Based on a $200 billion valuation, CFO Giancarlo Devasini, who holds approximately 44%-45% of shares, is worth about $89 billion. CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each hold about 19%, with a combined value of approximately $38 billion. General Counsel Stuart Hoegner holds about 12%, valued at around $25 billion. At a $350 billion valuation, Devasini’s shareholding would be worth over $156 billion, surpassing Warren Buffett’s net worth of $147.8 billion. Cantor Fitzgerald owns 5% of the company, which would be worth $10 billion at a $200 billion valuation.

Last year, Tether’s profit was approximately $10 billion (unaudited). The market cap of USDT reached $184 billion, with over 80% of reserves backed by U.S. Treasuries and short-term securities. The company also holds about $23 billion in gold and $6.4 billion in Bitcoin. Its venture capital portfolio covers over 120 companies, valued at more than $10 billion. Recently, Tether launched the USAT, a US-compliant stablecoin, issued by Anchorage Digital Bank. (Forbes)

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