Early Life
Giancarlo Devasini was born in Turin, Italy, in 1964. He graduated from the University of Milan in 1990 with a degree in medicine, subsequently practicing as a plastic surgeon. However, after two years, he left medicine, finding it unfulfilling and moving into the technology sector.
Rise to Success
In 1992, Devasini shifted his focus to the technology sector, founding companies specializing in computer hardware distribution. He established Point-G Srl, importing computer parts from China, Hong Kong, and Taiwan, and later, Solo SpA, which sorted and resold products from DRAM manufacturers. In 2012, Devasini entered the cryptocurrency space, meeting Raphael Nicolle and joining Bitfinex. In 2014, he co-founded Tether with Brock Pierce and others, launching USDT as a stablecoin.
Key Business Strategies
Devasini's strategic approach includes establishing banking relationships, attracting key personnel, and re-domiciling the exchange. He played a pivotal role in the expansion of Bitfinex and the development of Tether, which became the largest stablecoin by market capitalization. He is known to split his time between London and the French Riviera and is frequently traveling around the world to attend bitcoin conferences and visits with customers.
Philanthropy
Information on Giancarlo Devasini's specific philanthropic activities and amounts is not readily available through the search results. However, Tether, under his direction, has partnered with various entities, including the city of Lugano, to promote blockchain technology.