[Tether's Secondary Market Valuation Reaches $375 Billion, Largest Shareholder's Net Worth May Surpass Buffett] Odaily Planet Daily News: Stablecoin issuer Tether currently has a secondary market trading valuation range of $350 billion to $375 billion, lower than the previous Bloomberg report of a $500 billion maximum fundraising target. Based on communication with crypto investors and executives, Forbes currently estimates Tether's valuation at approximately $200 billion, significantly higher than last year's $50 billion valuation. At a $200 billion valuation, CFO Giancarlo Devasini, who holds about 44%-45% of the shares, has a net worth of approximately $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, while General Counsel Stuart Hoegner holds about 12%, with a net worth of approximately $25 billion. At a $350 billion valuation, Devasini's shareholding value would exceed $156 billion, surpassing Warren Buffett's $147.8 billion net worth. Cantor Fitzgerald holds a 5% stake, valued at $10 billion based on a $200 billion valuation. Tether's profit last year was approximately $10 billion (unaudited), and the market capitalization of USDT reached $184 billion, with over 80% of reserves 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 covering over 120 companies valued at more than $10 billion. Tether recently launched the U.S.-compliant stablecoin USAT, issued by Anchorage Digital Bank. (Forbes)