Tether's secondary market valuation has reached as high as $375 billion, and its largest shareholder's net worth may exceed that of Warren Buffett.

Stablecoin issuer Tether is currently valued at between $350 billion and $375 billion in the secondary market, lower than the previous Bloomberg report of a maximum funding target of $500 billion. Forbes, based on communications with crypto investors and executives, has valued Tether at approximately $200 billion, significantly higher than the $50 billion valuation a year ago. At a $200 billion valuation, CFO Giancarlo Devasini, holding approximately 44%-45% of the shares, would be worth approximately $89 billion; CEO Paolo Ardoino and former CEO Jean-Louis van der Velde would each hold approximately 19%, worth approximately $38 billion; and General Counsel Stuart Hoegner would hold approximately 12%, worth approximately $25 billion. At a $350 billion valuation, Devasini's stake would be worth over $156 billion, exceeding Warren Buffett's $147.8 billion net worth. Cantor Fitzgerald holds a 5% stake, valued at $10 billion based on a $200 billion valuation. Tether's unaudited profit last year was approximately $10 billion, and USDT's market capitalization reached $184 billion. Over 80% of its reserves are backed by US Treasury bonds and short-term securities. The company also holds approximately $23 billion in gold and $6.4 billion in Bitcoin, and its venture capital portfolio covers over 120 companies, valued at over $10 billion. Tether recently launched the US-compliant stablecoin USAT, issued by Anchorage Digital Bank. (Forbes)