Tether Sets 14-Day Ultimatum for $500 Billion Valuation Bid
Tether has issued a stark ultimatum to potential investors: commit within two weeks or forfeit participation in a funding round valuing the stablecoin issuer at $500 billion. The figure would eclipse the market capitalizations of JPMorgan, Bank of America, and other banking giants—despite USDT's current $184 billion circulating supply.
The aggressive valuation reflects Tether's ambitions beyond stablecoin issuance, though details remain undisclosed. This marks the company's second attempt at a capital raise after an aborted effort earlier this year targeting $15-$20 billion. Market observers note the tight deadline leaves scant time for due diligence on the unprecedented valuation.
Related Articles
Log in to Reply
Log in to comment your thoughtsComments