The Wall Street Journal Reveals Names of the Owners of USDT Issuer Tether

According to The Wall Street Journal, four people own 86% of Tether Holdings.

The publication has noted that the operator of the stablecoin USDT, which has a value of $68 billion, still does not disclose information to the same extent as the corresponding traditional institutions.

The company was founded by former plastic surgeon Giancarlo Devasini and Brock Pierce, an entrepreneur and crypto evangelist. The company was registered in the British Virgin Islands in September 2014.

Pierce soon left Tether, and Devasini remains as its CFO.

According to the publication:

“The United States would be better off if patriotic Americans like me still owned the business. The share capital I turned down was probably $6-10 billion. Was it the right choice? I don’t know.”