Overview

• Bloomberg reports SoftBank Group and ARK Invest are in early discussions to participate, and CEO Paolo Ardoino says Tether is speaking with investors.
• The private placement targets $15–$20 billion in exchange for roughly 3% of the company, implying an approximately $500 billion valuation.
• Cantor Fitzgerald is advising on the fundraising and also provides custody services for Tether’s reserve assets.
• Tether highlights reserves-driven profitability, reporting about $4.9 billion in second-quarter profit, with USDT supply estimated at roughly $170–$174 billion.
• Tether is pursuing a U.S. push that includes a planned regulated token called USAT and senior hires, and some outlets say a raise of this size could set the stage for a later IPO.