Svmuu News: Stablecoin issuer Tether is currently valued at between $350 billion and $375 billion on the secondary market, which is below the $500 billion funding target previously reported by Bloomberg.Based on discussions with crypto investors and executives, Forbes currently values Tether at approximately $200 billion, far higher than its $50 billion valuation a year ago.Based on a $200 billion valuation, CFO Giancarlo Devasini, who holds approximately 44%–45% of the shares, is worth about $89 billion; CEO Paolo Ardoino and former CEO Jean-Louis van der Velde each hold about 19%,with a net worth of approximately $38 billion each, while General Counsel Stuart Hoegner holds about 12%, with a net worth of approximately $25 billion.Based on a $350 billion valuation, the value of Devasini’s stake would exceed $156 billion, surpassing Warren Buffett’s net worth of $147.8 billion. Cantor Fitzgerald holds a 5% stake, valued at $10 billion based on a $200 billion valuation. Tether Last year’s profit was approximately $10 billion (unaudited), with a market capitalization of $184 billion; over 80% of its reserves are backed by U.S. Treasury bonds and short-term securities.The company also holds approximately $23 billion in gold and $6.4 billion in Bitcoin, with a venture capital portfolio spanning over 120 companies valued at more than $10 billion. Tether recently launched USAT, a U.S.-compliant stablecoin, with Anchorage Digital Bank serving as the issuer. (Forbes)