Tether, the issuer of the leading stablecoin USDT, has appointed Benjamin Hubbel as Chief Business Officer (CBO). The new executive will be responsible for scaling the organization, managing finances, investments, and expanding the company’s portfolio as it enters a new phase of development focused on global financial and technological independence.
This is reported by Finway
Benjamin Hubbel’s Experience and His Role at Tether
Benjamin Hubbel has significant experience at the intersection of technology and finance. As CEO of Limestone Capital, he built an investment platform with assets exceeding $1 billion and a team of over 500 specialists. Previously, Hubbel held leadership positions at Google, where he contributed to scaling Android and Google Maps, and was involved in launching key products in the company’s search segment.
“Tether is not just a company that issues stablecoins; it is The Stable Company. We are building a resilient infrastructure, promoting financial independence, and opening up a future that will be decentralized, resilient, stable, and based on artificial intelligence. With Benjamin’s leadership and experience, I am confident that we will continue to strengthen this foundation and accelerate Tether’s evolution into a global leader in technology and finance, capable of standing shoulder to shoulder with the traditional giants we aim to displace,” said Tether CEO Paolo Ardoino.
Strategic Development and Investment Plans of the Company
In his new role, Hubbel will also oversee the development of partnerships with Tether’s portfolio companies operating in the fields of artificial intelligence, telecommunications, bitcoin mining, energy, cloud technologies, digital assets, real estate, and neurotechnology. This underscores the company’s strategic direction towards building long-term infrastructure for the digital economy.
Hubbel’s appointment comes amid Tether’s negotiations with investors regarding a potential private placement of shares worth up to $20 billion. According to Bloomberg, the company is considering selling about 3% of its shares, with the proceeds intended for investment in the development of artificial intelligence, energy, and media sectors. If this plan is realized, Tether’s market capitalization could reach $500 billion, placing it alongside technology leaders such as OpenAI and SpaceX.
It is worth noting that Tether CEO Paolo Ardoino recently stated an ambitious goal—to make the company the largest bitcoin miner by the end of 2025.