Tether’s valuation surged from $50 billion last year to $200–$375 billion, driven by strong profits and U.S. market expansion via its new USAT product.
Tether’s valuation is now estimated between $350 billion and $375 billion in the secondary market, while Forbes places it at $200 billion, a sharp increase from $50 billion a year earlier. At the highest valuation, CFO Giancarlo Devasini’s stake could exceed $156 billion. The company reported $10 billion in profit for 2023 and has launched USAT to enhance its presence in the U.S. market.