Tether Targets Massive $20B Funding Round at Staggering $500B Valuation

Tether's latest power move sends shockwaves through traditional finance.

The stablecoin giant isn't just playing defense—it's launching an offensive that could redefine crypto's place in global markets.

Funding Ambition on Steroids

Seeking up to $20 billion in fresh capital, Tether's funding round would make most tech IPOs look like pocket change. The sheer scale demonstrates how crypto-native companies now operate at levels that rival—and often surpass—traditional financial institutions.

Valuation That Turns Heads

A $500 billion valuation target puts Tether in rarified air, positioning it alongside the world's most valuable companies. For context, that's more than most major banks—quite the achievement for a company that traditional finance veterans once dismissed as a passing fad.

The stablecoin war chest expands just as regulators globally scramble to keep pace with digital asset innovation. While bureaucrats debate frameworks, Tether continues building—proving that in crypto, execution beats deliberation every time.

Another reminder that while traditional finance worries about compliance committees, crypto companies are busy printing numbers that would make Wall Street bankers blush—if they could stop counting their fees long enough to notice.

Strategic expansion plans

Tether Strategic Adviser Bo Hines denied fundraising plans during a Seoul conference interview on Sept. 23, stating that the company has no plans to raise money.

The fundraising discussions coincide with Tether’s efforts to re-enter the US market under President Donald Trump’s pro-crypto policies.

The company recently unveiled plans for a US-regulated stablecoin and appointed Hines, a former WHITE House crypto official, to lead American operations.

Tether has avoided the US market following regulatory clashes, including a 2021 settlement where the company paid $41 million to resolve allegations of misrepresenting its reserves.

The stablecoin issuer reported $4.9 billion in profit during the second quarter, with CEO Paolo Ardoino claiming a 99% profit margin. However, Tether’s financial disclosures do not meet the same reporting standards required of publicly traded companies.

Prospective investors have accessed a data room over recent weeks to evaluate participation in the fundraising, with sources expecting the deal to be completed by year-end. The transaction WOULD involve new equity rather than the sale of existing investor stakes.

The potential valuation represents a remarkable achievement for the lightly regulated cryptocurrency sector.