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1h ago

Tether Explores $15–$20 Billion Equity Raise at Near $500 Billion Valuation

The discussions signal a push to re-enter the U.S. with a regulated token after the company posted multibillion-dollar profits backed by large reserves.

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Tether eyes $500B valuation - Will USDT’s dominance grow with a $20B raise?
Tether looking to raise up to $20b, bringing its valuation to $500b: bloomberg
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Overview

  • Tether is in early talks to sell roughly 3% of new equity for $15 billion to $20 billion in a private placement that would value the firm around $500 billion, according to multiple reports.
  • Cantor Fitzgerald is reported as lead adviser on the potential deal, and prospective investors have been granted data-room access for due diligence.
  • Figures are described as top-end targets and could change, with some sources indicating a potential close by year-end if a transaction moves forward.
  • Public messaging is mixed as CEO Paolo Ardoino said the company is evaluating a raise, while senior U.S. representative Bo Hines said there are no current plans to raise money.
  • Proceeds are framed for strategic expansion including a U.S.-regulated stablecoin (USAT) and moves into AI and energy, supported by Tether’s reported $4.9 billion profit in Q2 and sizable reserves.