SoftBank and ARK Explore Participation in Tether’s Multi-Billion Funding Round
Tether seeks $15–20 billion in funding, with SoftBank and Ark Investment exploring participation, which would value the company at $500 billion and position it alongside top private firms like OpenAI and SpaceX.
USDT
Fact Check
The statement is strongly corroborated by numerous credible financial news sources, including Bloomberg, Reuters, Yahoo Finance, and Seeking Alpha. Multiple reports, citing Bloomberg as the original source, confirm that SoftBank and Ark Investment Management are in talks to invest in a major, multi-billion dollar funding round for Tether.
Summary
Tether is raising $15–20 billion in a funding round that could value the company at $500 billion. Bloomberg reports that SoftBank and Ark Investment are considering participating. Tether is also expanding into AI, telecom, cloud computing, and real estate, while launching a U.S.-compliant token, USAT, in line with the GENIUS Act, signed by President Trump.
Terms & Concepts
- Stablecoin: A type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as the US dollar.
- Tether: A leading stablecoin issuer whose USDT token is widely used for trading, payments, and as a store of value in the crypto market.
- USAT: A new U.S.-compliant dollar-pegged cryptocurrency introduced by Tether to align with the GENIUS Act regulatory framework.