Ex-Tether CIO Looks to Offload Stake in Stablecoin Giant
The former Tether CIO is reportedly seeking a buyer for his stake, raising questions about the private firm's valuation and future.
The former Chief Investment Officer of Tether is reportedly shopping his personal stake in the world's largest stablecoin issuer, according to Bloomberg. The move puts a rare spotlight on a company that has historically operated with almost zero transparency — and that's saying something in crypto.
Tether runs USDT, the dominant stablecoin by market cap, and the firm prints money — literally. It generates billions in profit primarily through U.S. Treasury holdings backing its reserves. A secondary-market stake sale would be one of the few ways outsiders could get a price tag on this notoriously opaque operation.
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Here's the tradeable angle: any disclosed valuation from this transaction becomes a reference point the market hasn't had before. If the stake sells at a premium, that signals confidence in Tether's reserve model and its grip on stablecoin dominance. If it struggles to find a buyer, that's a yellow flag worth watching.
Tether itself has been clear — it has no plans to go public, even as competitors and other crypto firms either chase or postpone their own IPOs. That makes this secondary stake sale essentially the closest thing to a public valuation event Tether is likely to see anytime soon. Whoever buys in is betting that USDT's stranglehold on stablecoin volume holds up against Circle, PayPal, and a wave of incoming regulatory frameworks.
Bottom line: this isn't just an insider shuffling assets. It's a rare crack in Tether's wall — and smart money will be watching the price closely. Continue reading at Cointelegraph.
