Deep Tide TechFlow News, February 27 — According to Forbes, stablecoin giant Tether has a valuation of $350 billion to $375 billion in the secondary market, far exceeding last year’s valuation of $50 billion. Based on a $350 billion valuation, Chief Financial Officer Giancarlo Devasini’s stake would be 44-45%, with a net worth of $156 billion, surpassing Warren Buffett.
Last year, Tether generated approximately $10 billion in profit, mainly from USDT reserve earnings, with a profit margin of up to 99%. The company is expanding into new businesses such as artificial intelligence, data, and energy, and has invested in over 120 companies. Meanwhile, Tether has launched the USAT, a compliant US stablecoin, but faces challenges from competitors like Circle and increasing regulatory pressure.
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Tether's valuation soars to $375 billion, with the CFO's net worth potentially surpassing Warren Buffett
Deep Tide TechFlow News, February 27 — According to Forbes, stablecoin giant Tether has a valuation of $350 billion to $375 billion in the secondary market, far exceeding last year’s valuation of $50 billion. Based on a $350 billion valuation, Chief Financial Officer Giancarlo Devasini’s stake would be 44-45%, with a net worth of $156 billion, surpassing Warren Buffett.
Last year, Tether generated approximately $10 billion in profit, mainly from USDT reserve earnings, with a profit margin of up to 99%. The company is expanding into new businesses such as artificial intelligence, data, and energy, and has invested in over 120 companies. Meanwhile, Tether has launched the USAT, a compliant US stablecoin, but faces challenges from competitors like Circle and increasing regulatory pressure.