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
Best Crypto Presale 2026: DOJ Seizes $61 Million in Tether Scam as Pepeto Presale Outpaces Mutuum Finance and Bitcoin Hyper
The US Department of Justice just seized $61 million in Tether linked to pig butchering scams, and Tether has now frozen $4.2 billion in illicit assets since 2023. Reuters reported the seizure as one of the largest single USDT confiscations in US history, confirming that unaudited projects
CaptainAltcoin35m ago
Tether Freezes $4.2 Billion in USDt Over Three Years as Global Crypto Crackdown Intensifies
Tether froze 4.2 billion USDt in three years as regulators increased scrutiny on crypto crime.
USDt supply fell by $2.7 billion in two months marking the sharpest drop since 2022.
Authorities relied on Tether to blacklist wallets and restrict funds linked to fraud.
Stablecoin issuer Teth
CryptoNewsLand5h ago
Tether Freezes $4.2B in USDT Linked to Criminal Activity
Tether has frozen approximately $4.2 billion in USDT linked to illegal activities, demonstrating its commitment to fighting crypto crime. The action, which hasn't destabilized USDT’s market, emphasizes compliance and enhances user trust in the stablecoin.
Coinfomania7h ago
Tether froze $4.2B of illicit-tied tokens over 3 years: Report
(Note: The cover image has been removed per instructions.)
Crypto market enforcement and liquidity dynamics intersect as stablecoin issuer Tether pursues a more aggressive stance against illicit activity. In a period spanning three years, the company reportedly froze roughly $4.2 billion of USDt to
CryptoBreaking8h ago
Tether cooperates with the U.S. Department of Justice to actively freeze Tether to combat "pig butchering" money laundering crimes
Tether has frozen approximately $4.2 billion in Tether tokens in coordination with the U.S. Department of Justice's efforts against "pig butchering" scams and money laundering activities. The U.S. authorities recovered $61 million in Tether, indicating an increase in cryptocurrency money laundering activities, especially within Chinese-speaking communities. FATF urges countries to strengthen regulation to combat these types of financial crimes.
ChainNewsAbmedia12h ago
