Tether Eyes $500 Billion Valuation in $20 Billion Fundraise

Tether Holdings Ltd., the issuer of the world's largest stablecoin USDT, is in advanced discussions to raise $20 billion at a staggering $500 billion valuation. Chief Executive Paolo Ardoino confirmed the private placement would sell approximately 3% of the company, potentially elevating Tether to the ranks of Silicon Valley's most valuable private firms alongside OpenAI and SpaceX.

Cantor Fitzgerald has been tapped to lead what could become one of the largest private capital raises in fintech history. The proceeds WOULD fuel Tether's aggressive expansion beyond stablecoins into artificial intelligence, commodity trading, and energy infrastructure. "This isn't just about maintaining dollar-pegged tokens," Ardoino stated on social media platform X. "We're building the financial architecture for the next digital economy."

Market observers note the proposed valuation reflects Tether's dominance in the $160 billion stablecoin market, where USDT commands 68% share. Yet sources caution the final figures may land significantly below targets, given regulatory scrutiny surrounding reserve transparency and the untested nature of Tether's new business lines.