The unusual crew behind Tether, crypto’s pre-eminent stablecoin
Tether Holdings Ltd. operates a $68 billion stablecoin at the heart of crypto’s alternative financial universe. Far more tether trades each day than bitcoin.
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Yet the company’s founders and owners are an unusual bunch with scant experience at that scale of finance. One founder was a child actor turned early crypto investor. Another founder and top shareholder practiced plastic surgery before turning to electronics importing and then crypto. One newer owner has gone deep into British politics.
A group of four men has controlled 86% of Tether Holdings, according to a cache of documents reviewed by The Wall Street Journal. The documents date back several years, but provide the clearest picture yet of the people behind what is by far the biggest stablecoin.
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