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BTCC / BTCC Square / Global Cryptocurrency /
Tether Scales Back $20 Billion Funding Ambitions Amid Valuation Concerns

Tether Scales Back $20 Billion Funding Ambitions Amid Valuation Concerns

Author:
Global Cryptocurrency
Published:
2026-02-04 05:51:02
9
2
BTCCSquare news:

Tether has shelved plans for a $20 billion capital raise following investor skepticism about its reported $500 billion valuation. The stablecoin issuer now eyes a reduced $5 billion target after financial advisers recalibrated expectations.

CEO Paolo Ardoino clarified the initial figure represented only a theoretical ceiling, emphasizing Tether's financial independence. The company generated approximately $10 billion in 2023 from USDT reserve yields alone, negating urgent fundraising needs.

|Square

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