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4d ago

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

The company says it is evaluating a deal to fund a U.S. push and new ventures, with discussions still preliminary and terms subject to change.

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Tether Seeks $20 Billion Funding At $500 Billion Valuation Near OpenAI And SpaceX
Tether eyes $500B valuation - Will USDT’s dominance grow with a $20B raise?
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Overview

  • Multiple reports say Tether is in talks to sell roughly 3% of new equity for $15 billion to $20 billion, implying a valuation around $500 billion.
  • Cantor Fitzgerald is serving as lead adviser and is reported to already hold about a 5% stake in Tether, with prospective investors granted data-room access for due diligence.
  • CEO Paolo Ardoino said on X that Tether is evaluating a raise from high-profile investors to scale efforts across stablecoins, AI, commodity trading, energy, communications and media.
  • Sources caution the process is early and the final amount could be significantly lower, with some outlets reporting a potential closing by year-end depending on final terms.
  • Public messaging has conflicted, as U.S. lead Bo Hines said in Seoul the firm has no plans to raise money; the talks follow Q2 net profit of $4.9 billion and reported reserves of about $162.5 billion against $157.1 billion in liabilities as USDT’s market cap nears $173 billion.