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1h ago

Tether in Talks to Raise $15–$20 Billion at About $500 Billion Valuation

Possible stakes from SoftBank and Ark highlight a bid to expand beyond stablecoins.

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Overview

  • CEO Paolo Ardoino confirmed investor discussions but did not share amounts or finalized terms.
  • Bloomberg reports a private placement of roughly 3% of the company that implies a near-$500 billion valuation, with Cantor Fitzgerald advising and providing custody of reserves.
  • USDT remains the leading stablecoin with roughly $170–$174 billion in circulation, and Tether reported about $4.9 billion in second-quarter profit largely from U.S. Treasuries.
  • Tether is preparing a U.S.-regulated dollar token called USAT and has appointed former White House crypto adviser Bo Hines to lead its U.S. operations.
  • SoftBank and Ark are described as in early-stage talks that they have not confirmed, and no transaction has been announced.