SoftBank, Ark Seek to Join Tether’s $20 Billion Funding Round at $500 Billion Valuation

SoftBank Group and Ark Investment Management are in talks to participate in Tether Holdings' upcoming funding round, which could value the stablecoin issuer at $500 billion. The private placement aims to raise $15–$20 billion for a 3% stake, positioning Tether among the world’s most valuable private companies.

Proceeds will fuel expansion into artificial intelligence and energy initiatives, aligning with Tether’s recent appointment of Benjamin Habbel as chief business officer. The former Limestone Capital CEO will spearhead organizational growth as the company cements its dominance in stablecoins.

This landmark deal underscores institutional confidence in cryptocurrency infrastructure players. With USDT’s market cap exceeding $110 billion, the funding could accelerate Tether’s push beyond dollar-pegged tokens into emerging tech sectors.