Tether, the most dominant and most leveraged stablecoin USDT, announced recently that it has named Benjamin Habbel as Chief Business Officer (CBO).
In this role, Habbel will help with organizational growth, finance, investments, and portfolio expansion as Tether continues its mission of fostering financial and technological sovereignty on a global scale.
His hiring marks the next major step in Tethers’s “from stablecoin to diversified global technology and financial powerhouse” transition.
Habbel’s Track Record in Technology and Finance
Habbel has vast experience in both venture and investment management in technology and finance.
He was the founding CEO of Limestone Capital, which grew from a startup in 2015 to a global alternative asset management platform with over $1 billion in AUM and more than 500 employees.
Prior to that, he spent time as a senior executive at Google, scaling both Android and Google Maps, and had aspirations as Chief of Staff to Marissa Mayer.
He was also the co-founder, president, and CEO of Voyat Inc., an applied technology optimization platform for the travel industry, founded in 2015 and sold to Intent Media in 2016.
This rare experience of startup venture creation, senior executive tech office experience, and investment management experience uniquely qualifies Habbel to assist Tether through its next growth phase.
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Expanding Tether’s Global Investment Footprint
As Chief Brand Officer, Habbel will collaborate closely with Tether’s existing portfolio companies and investment teams to strengthen the organization’s visibility and position agents of change to succeed in fulfilling their prospective visions of value creation.
Tether’s portfolio of companies already covers a wide variety of industries, including AI, telecommunications, Bitcoin mining and energy, cloud computing, real estate, and neurotechnology.
CEO Paolo Ardoino reiterated that Tether is “The Stable Company” and is committed to establishing enduring infrastructure that will facilitate decentralized, resilient, and AI-enhanced financial futures for all.
The onboarding of Habbel into Tether’s leadership is a crucial step to both continue and extend that vision, bringing his operational experience and breakthroughs in innovative scaling strategies to create Tether’s financial entitlement and global presence.
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Tether’s Broader Expansion Strategy
Habbel’s hiring is part of Tether’s larger hiring and expansion strategy.
In the early part of this year, the company also introduced USA₮, a U.S.-compliant stablecoin, and appointed Bo Hines as CEO. It partnered with Anchorage Digital and Cantor Fitzgerald to achieve regulatory alignment and oversee reserves.
Tether also announced on August 9th of last year that it intends to double its workforce by mid-2025, primarily in compliance and finance roles, which aligns closely with record-breaking profits of $5.2 billion in the first half of 2024.
Earlier today, Tether also stated that in connection with the company’s pledge to provide equity, it would invest as much as $20 billion to acquire a 3% stake in the company, which would put the company’s value at nearly $500 billion, UnoCrypto reported.
In consideration of these statements, the hiring of Habbel slots nicely into Tether’s plans for scaling both responsibly and in conjunction with an explosive growth and global market impact on the horizon.
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