Four Tether Executives Are Now Crypto Billionaires As Stablecoin Issuer Fetches $9,000,000,000 Valuation: Forbes.
01 Aug 2023, 08:00
Four Tether Executives Are Now Crypto Billionaires As Stablecoin Issuer Fetches $9,000,000,000 Valuation: Forbes
The four executives behind the biggest stablecoin in the world are reportedly worth over $1 billion each now that the market cap of Tether (USDT) is at an all-time high.
Despite a long bear market for digital assets, the British Virgin Islands-based company posted a profit of $1.5 billion in the first quarter of 2023 alone, with USDT accounting for over 50% of the entire crypto market’s liquidity, according to Forbes.