Tether, known as the issuer of the world’s largest stablecoin USDT, has announced the appointment of Benjamin Hubbel as Chief Commercial Officer (CBO). In this role, the new executive will be responsible for organizational growth, financial strategy, investments, and expanding the company’s portfolio, which focuses on global financial and technological sovereignty.
This is reported by Business • Media
Benjamin Hubbel’s Experience and Strategic Changes at Tether
Benjamin Hubbel has a strong background at the intersection of technology and finance. As the CEO of Limestone Capital, he built an investment platform with assets exceeding $1 billion and led a team of over 500 people. Prior to this, Hubbel held leadership positions at Google, where he helped scale products such as Android and Google Maps, and worked on implementing the company’s key search services.
“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, sustainable, 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.
Business Expansion and Future Plans of the Company
In his new role, Hubbel will pay special attention to collaboration with Tether’s portfolio companies operating in the fields of artificial intelligence, telecommunications, Bitcoin mining, energy, cloud technology, digital assets, real estate, and neurotechnology. This approach reflects the company’s strategic goal of building long-term infrastructure for the digital economy.
Hubbel’s appointment comes amid Tether’s ambitious plans to raise up to $20 billion through a private stock placement. This deal is expected to increase the company’s market valuation to $500 billion, placing it alongside leading technology corporations such as OpenAI and SpaceX. According to Bloomberg, the company is prepared to offer investors about 3% of its shares, with the raised funds directed towards active development in the fields of artificial intelligence, energy, and media.
Previously, Tether CEO Paolo Ardoino stated the company’s intention to become the largest Bitcoin miner by the end of 2025, confirming the strategic direction towards expanding its business in the digital assets sector.