How Tether might have quietly become the most profitable business by headcount in the world

Dear all,

Tether made $14 billion last year — more than Pfizer, Tesla, and BlackRock. It did that with no ads, almost no staff, and a product no one even thinks that much about: its stablecoin, USDT. With $147 billion in circulation, it’s the most used stablecoin in the world by a wide margin. And beyond its stablecoin, Tether is pursuing ambitious projects in AI, private messaging, and neurotech.

And not surprisingly, two out of the four richest person in the industry (Giancarlo Devasini and Paolo Ardoino) are from Tether according to Forbes.

Regards
James

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