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5h ago

SoftBank, Ark in Talks to Back Tether’s $15–$20 Billion Private Raise at About $500 Billion Valuation

The exploratory raise is pitched to fund a USAT-led U.S. push alongside diversification into AI and energy.

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Tether
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Overview

  • Tether is pursuing a private placement of roughly 3% equity for $15–$20 billion, implying a valuation near $500 billion, according to Bloomberg reports echoed across industry outlets.
  • SoftBank Group and ARK Invest are in early discussions to participate in the round, with final terms and investor lineups still unsettled.
  • CEO Paolo Ardoino has acknowledged the talks as exploratory, while Cantor Fitzgerald is advising the process and also provides custody for Tether’s reserves.
  • Tether is preparing a U.S.-regulated stablecoin called USAT and has tapped Bo Hines to lead its U.S. strategy under the newly enacted GENIUS Act framework.
  • USDT’s supply is reported around $170–$174 billion, and Tether said it earned about $4.9 billion in second-quarter profit largely from interest on U.S. Treasuries.