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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