A new report by the Wall Street Journal brought to light some interesting facts and numbers related to the issuer of the world’s largest stablecoin.

As per the report, as of 2018, 86% of Tether was controlled by four people. Devasisni’s stake accounted for a whopping 43% of the firm.

Chief executive Jean-Louis van der Velde and the firm’s general counsel Stuart Hoegner each had a 15% stake. Christopher Harborne, the fourth owner, had controlled another 13% of the company. Brock Pierce reportedly left the firm before 2018. 

(By Suzuki Shillsalot)