Tether, the entity behind the world’s largest stablecoin, is reportedly in talks to raise $20 billion at a $500 billion valuation, CEO Paolo Ardoino has confirmed. The deal could make Tether one of the world’s most valuable companies, alongside OpenAI and Elon Musk’s SpaceX.
The company will look to raise the funds through a private placement, in exchange for a roughly 3% stake.
Tether Evaluating Major Fundraising Round
Tether CEO Paolo Ardoino has confirmed that the company is in discussions with investors to raise as much as $20 billion in a fundraising round that would value the company at around $500 billion. If the deal is successful, it could propel the USDT issuer alongside OpenAI and SpaceX as one of the world’s most valuable companies. According to sources, the company is offering a 3% stake through a private placement. Cantor Fitzgerald will act as the lead advisor for the deal.
However, a source involved in the discussions tempered expectations,
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