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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Dear all,
Just a follow up on something that is published today.
Circle (USDC) has filed for a public listing on the New York Stock Exchange, planning to issue 24 million Class A shares — 9.6 million from the company and 14.4 million from existing shareholders. The expected price range is between $24 and $26 per share, with the stock to trade under the ticker symbol CRCL.
It also means Tether (USDT), where the real action is, gets a defacto valuation through Circle. The networth of the Tether guys that are mentioned above will go even higher.
Regards
James
