Giancarlo Devasini and Tether
Giancarlo Devasini chairs Tether, in which Forbes estimates he holds about 45%, and co-owns Bitfinex 12.
Giancarlo Devasini's companies
| Company | Role |
|---|---|
| Tether | Chairman; Forbes estimates a stake of about 45% |
| Bitfinex | Co-owner |
| Tether Investments | Holds more than 10% of Juventus |
Tether
Tether issues the USDT stablecoin. Its reserves are mostly US Treasuries, and the income stays with the company. We-Wealth, citing Forbes, reports a net profit of $1.04 billion in the first quarter of 2026 23.
Bitfinex
Devasini joined the project that became Tether in 2014, after the Bitfinex exchange. Tether chief executive Paolo Ardoino says he met Devasini while working on Bitfinex's software 13.
Investments
Tether Investments holds more than 10% of Juventus and agreed in March 2025 to a tender offer for Adecoagro 1.
Regulatory record
In February 2021 Bitfinex and Tether settled with the New York Attorney General for $18.5 million. In October 2021 Tether paid $41 million to settle US Commodity Futures Trading Commission allegations, neither admitting nor denying them, and Bitfinex paid $1.5 million. Bloomberg reported a Justice Department probe of Tether opened in July 2021, naming the company and not individuals. The sources reviewed report no charges against Devasini 456.