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Tether Reportedly Seeks to Raise Up to $20 Billion

Tether Reportedly Seeks to Raise Up to $20 Billion

Tether Holdings seeks to raise $15–20 billion by selling a 3% stake, potentially achieving a $500 billion valuation, with notable stakeholders like SoftBank and Ark Invest in talks to participate.

USDT

Summary

Tether Holdings is negotiating a $15–20 billion funding round for a 3% equity stake, targeting a $500 billion valuation. This would place Tether among the world’s most valuable private companies, surpassing firms like Goldman Sachs and BlackRock. Key shareholders include Giancarlo Devasini and Paolo Ardoino, with potential investors such as SoftBank and Ark Invest.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to the value of a stable asset, such as the US dollar, to reduce price volatility.
  • USDT: Tether’s U.S. dollar-pegged stablecoin, currently the largest in circulation by market capitalization.