USDt issuer Tether seeks $20B raise at $500B valuation: Report

Tether is reportedly eyeing up to a $500 billion valuation, which would rank the stablecoin issuer among the world’s most valuable companies.

Stablecoin giant Tether Holdings is reportedly exploring a fundraising round of up to $20 billion that would value the company at about $500 billion — putting it in the ranks of the world’s most valuable private entities.

Bloomberg, citing people familiar with the matter, said Tether is considering raising between $15 billion and $20 billion in exchange for about a 3% stake through a private placement, with Cantor Fitzgerald acting as lead adviser.

One source reportedly cautioned that the final amount could be significantly lower, as discussions remain preliminary.

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