Secondary Trades Propel Tether Valuation to $375 Billion
Private share transactions on secondary markets indicate that stablecoin issuer Tether is now trading at a valuation between $350 billion and $375 billion, according to a Forbes report on February 27, 2026. While this is below the $500 billion target sought in a funding round reported in September 2025, it represents a dramatic increase from the company's estimated $50 billion valuation just one year ago. Even at a more conservative estimate of $200 billion, the valuation signifies substantial growth and cements Tether's position as a titan in the digital asset industry. The fundraising efforts are seen not as a need for capital, but as a strategic move to enhance institutional credibility and deepen its U.S. footprint.
Devasini's Stake Could Exceed $156 Billion
The immense valuation creates a staggering windfall for Tether's secretive leadership. Chief Financial Officer Giancarlo Devasini, believed to be the largest shareholder with a 44-45% stake, would see his holdings valued at more than $156 billion. This personal fortune would place him ahead of traditional finance icons like Warren Buffett, whose net worth was reported at $147.8 billion. Other key executives would also see their wealth soar, with CEO Paolo Ardoino and former CEO Jean-Louis van der Velde, each holding an estimated 19%, commanding fortunes of approximately $38 billion apiece at a $200 billion valuation.
Diversification Accelerates as Regulatory Pressure Mounts
Tether's valuation is underpinned by its highly profitable model, which generated roughly $10 billion in unaudited profit last year from yields on reserves backing its $184 billion USDT stablecoin. With a claimed 99% profit margin, the company is aggressively diversifying into new sectors, including artificial intelligence, energy, and education. It has also built significant investment positions, holding approximately $23 billion in gold, $6.4 billion in bitcoin, and a venture portfolio worth over $10 billion. This expansion coincides with growing challenges, including increased competition from Circle's USDC and new payment networks like Tempo. More significantly, U.S. regulators are increasing their focus, with the Office of the Comptroller of the Currency proposing rules to implement the GENIUS Act, which would grant it oversight of foreign stablecoin issuers like Tether.
