Tether Appoints Former Google Executive as Chief Commercial Officer
Date: 2025-09-26 Author: Oliver Abernathy Categories: BUSINESS
Tether, the issuer of the largest stablecoin, USDT, announced the appointment of Benjamin Hubbel as Chief Business Officer. His responsibilities will include developing the organizational structure, managing investments and finances, and strategically expanding the company's portfolio.
Hubbel's experience combines technology and finance. As CEO of Limestone Capital, he built an investment platform with over $1 billion in assets and built a team of over 500 employees. Previously, he held senior positions at Google, where he helped scale Android and Google Maps and oversaw the launch of search products.
Tether CEO Paolo Ardoino emphasized that the company positions itself not only as a stablecoin issuer, but as The Stable Company—an organization that is building the infrastructure for a future decentralized economy. According to Ardoino, Hubbel's addition will strengthen the company's position at the intersection of technology and finance, accelerating its progress toward becoming a global leader comparable to traditional corporations.
In his new role, Hubbel will build partnerships with Tether's portfolio companies operating in artificial intelligence, telecommunications, energy, Bitcoin mining, cloud computing, real estate, digital assets, and neurotechnology. This focus reflects Tether's strategy of building a sustainable infrastructure for the digital economy of the future.
The appointment comes as the company is negotiating a private placement of up to $20 billion. This move could raise Tether's valuation to $500 billion, putting it on par with OpenAI and SpaceX. According to Bloomberg, the issuer is prepared to offer investors approximately 3% of its shares, and will use the proceeds to develop its AI, energy, and media businesses.
It's worth recalling that Ardoino previously announced plans to make Tether the largest Bitcoin miner by the end of 2025. Taken together, these steps demonstrate the company's intention to go far beyond issuing stablecoins and establish itself as a global player at the intersection of finance and technology.
Thus, the hiring of an experienced executive from Google reflects Tether's commitment to long-term development and the formation of an innovative ecosystem, where decentralization, sustainability, and the integration of AI-based solutions will be key areas.
