BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Tether Pursues $20B Funding Round at $500B Valuation Amid US Market Expansion Plans
Tether Pursues $20B Funding Round at $500B Valuation Amid US Market Expansion Plans
8
3
BTCCSquare news:
Tether is in early-stage discussions to raise $15 billion to $20 billion through a private placement, potentially valuing the stablecoin issuer at $500 billion. The deal, advised by Cantor Fitzgerald, would rank Tether among the world's most valuable private companies alongside OpenAI and SpaceX. Publicly traded rival Circle currently holds a $30 billion valuation.
Strategic adviser Bo Hines denied fundraising plans during a Seoul conference, contradicting Bloomberg's report. The move coincides with Tether's push to re-enter the US market under favorable crypto policies, including plans for a US-regulated stablecoin and appointment of former White House crypto official Hines to lead American operations.
By:
