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Tether Seeks $20 Billion at $500 Billion Valuation

Tether Seeks $20 Billion at $500 Billion Valuation

Tether’s talks with SoftBank and Ark Invest for a funding round could bolster its market presence and support its expansion into new sectors like AI and telecommunications.

USDT

Summary

Tether aims to raise $15 billion to $20 billion in exchange for about 3% equity, targeting a $500 billion valuation. The company is in discussions with SoftBank and Ark Invest for potential participation. If successful, Tether would join the ranks of the world's most valuable private companies, alongside OpenAI and SpaceX. The firm is diversifying into sectors such as AI and telecommunications, and has recently launched the USAT stablecoin to comply with U.S. regulations.

Terms & Concepts
  • USDT: A widely used stablecoin issued by Tether, pegged to the value of the U.S. dollar.
  • USAT: A newly launched, U.S.-regulated stablecoin by Tether, designed for businesses and institutions, adhering to the GENIUS Act.