Tether Secondary Market Valuation Reaches $350-375 Billion, Executives' Wealth May Enter Global Rich List

BlockBeats News, February 27th, according to Forbes, stablecoin issuer Tether's recent secondary market trading valuation ranges from 350 billion to 375 billion US dollars. If calculated within this range, the wealth of the company's core shareholders may see a substantial increase.
Forbes currently values Tether at around 200 billion US dollars based on market interviews (higher than 500 billion US dollars a year ago). If calculated based on this valuation:

CFO Giancarlo Devasini (holding approximately 44–45%) has a wealth of around 89 billion US dollars.
CEO Paolo Ardoino and former CEO Jean-Louis van der Velde (each around 19%) have a wealth of around 38 billion US dollars.
Chief Legal Officer Stuart Hoegner (around 12%) has a wealth of around 25 billion US dollars.

If calculated based on a 350 billion US dollar valuation, Devasini's share value would exceed 156 billion US dollars, higher than Warren Buffett's current wealth of around 147.8 billion US dollars. In terms of operational data:

Tether's profit last year (unaudited) was around 10 billion US dollars.
The USDT market cap is around 184 billion US dollars.
Over 80% of the reserve assets are US Treasuries and short-term securities.
Holding around 23 billion US dollars in gold, and 6.4 billion US dollars in Bitcoin.
A venture capital portfolio of over 120 companies, with a scale exceeding 10 billion US dollars.

In addition, Tether is accelerating its expansion into the US market, launching the compliant stablecoin USAT, and appointing former White House crypto czar Bo Hines as the US Business CEO. With the intensifying stablecoin competition and stricter US regulations, this round of financing by Tether is seen as a crucial move to enhance institutional credibility and policy influence.