Tether Scales Back on Planned $15B Fundraising: Report

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Tether has scaled back plans for a large funding round after investors pushed back on its $500 billion valuation target.
The company had previously explored raising $15 billion to $20 billion, which would have placed it among the most valuable private firms globally.
Advisers are now discussing a much smaller raise, potentially as low as $5 billion.
This follows investor hesitation around valuation rather than concerns about liquidity. Tether remains highly profitable and is under no pressure to raise capital.


Profitability Reduces Need for Capital
Tether generated roughly $10 billion in profit last year, driven mainly by yield on reserves backing USDT.
The company controls the world’s largest stablecoin, with around $185 billion to $187 billion in circulation, and operates with a tight internal ownership structure.
Insiders have shown little interest in selling equity, which has limited the size of any potentia

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We współpracy z: https://www.coinspeaker.com/tether-scales-back-on-planned-15b-fundraising-report/

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