Overview

• Bloomberg-sourced reports say SoftBank and Cathie Wood’s ARK are in early discussions to participate in a private placement targeting $15–$20 billion.
• The fundraising would value Tether around $500 billion, placing it among the world’s most valuable private companies if the deal closes.
• Tether is exploring a U.S. push, including a proposed USAT dollar token, as it seeks to expand beyond its core USDT business.
• The process remains preliminary with no finalized terms or commitments, and some reports describe an unconfirmed offer of roughly a 3% equity stake for the capital.
• Cantor Fitzgerald is advising on the effort, while USDT remains the dominant stablecoin with roughly $170 billion–plus in market value and the company reported $4.9 billion in Q2 profit.