Tether Targets $20 Billion Funding at $500 Billion Valuation

Tether Targets $20 Billion Funding at $500 Billion Valuation

According to Bloomberg, Tether is negotiating a multibillion-dollar equity sale that could value it among the world’s most valuable private firms, surpassing major financial institutions in scale.

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Fact Check
All provided sources corroborate that Tether is targeting a valuation of $500 billion. The funding target is consistently reported as up to $20 billion, with some sources giving a range of $15-$20 billion. One source cites a confirmation of the fundraising plans from Tether's CEO.
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Summary

Tether Holdings is in talks to sell a 3% stake to raise $15–20 billion, aiming for a $500 billion valuation. If finalized, this would make Tether one of the most valuable private companies globally, exceeding Goldman Sachs and BlackRock in combined market capitalization. Chairman Giancarlo Devasini holds a 47% stake, while CEO Paolo Ardoino owns 20%, with other executives and Cantor Fitzgerald also among shareholders. The deal would represent the largest wealth creation event in crypto’s history.

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