Tether Holdings, the most well -known Stablecoin issuing company in the world, that linked to the American dollar, is in negotiations with private investors to collect another 20 billion dollars of capital, giving in exchange for a 3% share of its capital. The enhancement of the company that would descend, reports Bloomberg, would be equal to 500 billion dollars, placing it like big names such as Openi by Sam Altman and Spacex by Elon Musk. A huge leap for a company and a sector that have long been watched with diffidence from traditional finance and that have seen the fate changes only thanks to the support of President Donald Trump.
Trump’s election has changed the course of the sector
The Trump administration proved to be pro-Crypto from the beginning, during the election campaign, so much so that among the first interventions it urged a more punctual regulation in the sector and launched its own cryptocurrency “family”. All this has favored a surge in the cryptocurrency market and above all of the Stablecoin, on which traditional institutions and also central banks have also been thrown, which are designing their digital currencies.
Among the Stablecoin, Tether is the one that has been most successful this year, it will be because its value is connected to the American dollar, a reference currency all over the world. The income of the sale of his Stablecoin USDT are reinvested in treasure titles, which last year generated $ 13 billion. An assessment of 500 billion dollars would be equivalent to a multiple on the profits of 38, much less than the rival Circle Internet Group, assessed 31 billion dollars, equal to 180 times the useful doors imposed.
According to some observers, the Stablecoin market can still continue to grow at these rhythms, while there are those who warn that it is a “bubble” that sooner or later will crack.
What tether does and what stablecoins are
Tether Holding is the leader of the Stablecoin market, having created the USDT, a Stablecoin connected to the green ticket, with which it maintains equality. Precisely the parallelism with such a solid reference currency as the dollar makes this Stablecoin different from the other cryptocurrencies, such as Bitcoin and Ethereum, with which it has very few similarities, if it were not for the fact that it is a digital asset and uses the same technology as cryptocurrencies (blockchain).
The equality system with the dollar guarantees Stablecoins to make digital payments safer and favor exchanges between virtual currencies, representing a “bridge” between the real world and the digital world and reducing the risks of sudden oscillations, as it happens for cryptocurrencies in the strict sense. Stablecoins are often used to send money across the border, but also as a value reserve for those who trading in cryptocurrencies, waiting to reinvest the proceeds on the Crypto market.
But even in this sector competition is becoming increasingly fierce. Tether has now issued about 170 billion USDTs, more than double the Circle rival, with its USDC Stablecoin. The company also made a full of profits, closing 2024 with 13 billion profits, deriving above all from the purchases of government bonds that keeps reserve.
An Italian in the squad of the five richest men in the world
Launched in October 2014 by the Italian Giancarlo Devasini, founder of Bitfinex, a site for the exchange of cryptocurrencies owned by IFINEX, a financial company based on the British Virgin Islands, Tether Holding is the broad -airing company of the Stablecoin most exchanged in the world.
If the placement of 20 billion went through, Tether would reach the constellation of the companies with the most value in the world and its founder, Devasini, would come to a personal heritage of about 224 billion dollars, placing himself among the five richest men in the world together with Elon Musk (Tesla), Larry Ellison (Oracle), Mark Zuckerberg (Meta) and Jeff Bezos (Amazon).
By sixty years now played, Devasini is already a multimiliary, but his career has been unusual to say the least, having soon abandoned his medical career to devote himself, first, to technology and hardware, then also to finance, with the launch of Tether in 2014. Schivo and reserved, Devasini chose Lugano in Switzerland to put his residence and operational.
