TechFlow reports that, according to Forbes, on February 27, stablecoin giant Tether’s secondary-market valuation has reached $35–37.5 billion—far exceeding its $5 billion valuation last year. If valued at $35 billion, Giancarlo Devasini, Tether’s Chief Financial Officer, holding 44–45% of the company’s shares, would have a net worth of $15.6 billion—surpassing Warren Buffett’s.
Tether generated approximately $1 billion in profit last year, primarily from returns on USDT reserves, achieving an extraordinary 99% profit margin. The company is expanding into new business areas—including artificial intelligence, data, and energy—and has invested in over 120 companies. Meanwhile, Tether launched USAT, a U.S.-compliant stablecoin, but faces growing competitive pressure from firms like Circle and increasingly stringent regulatory scrutiny.
