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Tether is in talks with buyers to boost $15 billion to $20 billion in new funding that would worth the biggest stablecoin issuer at round $500 billion, placing it in the identical league as titans like OpenAI and SpaceX.
The non-public placement would contain issuing new fairness, with Cantor Fitzgerald advising on the method, and provides buyers a stake of about 3% within the firm, Bloomberg reported, citing two folks accustomed to the matter.
They cautioned that the ultimate increase might be considerably smaller as talks are within the early levels.
If profitable, the deal would rank among the many largest non-public financings ever, and highlights the corporate’s bid to dominate stablecoins at the same time as rivals akin to Circle broaden.
“Tether is evaluating a increase from a particular group of high-profile key buyers, to maximise the size of the Firm’s technique throughout all present and new enterprise strains (stablecoins, distribution ubiquity, AI, commodity buying and selling, vitality, communications, media) by a number of orders of magnitude,” mentioned CEO Paolo Ardonino in a publish on X.
Tether is evaluating a increase from a particular group of high-profile key buyers, to maximise the size of the Firm’s technique throughout all present and new enterprise strains (stablecoins, distribution ubiquity, AI, commodity buying and selling, vitality, communications, media) by a number of…
— Paolo Ardoino 🤖 (@paoloardoino) September 24, 2025
The corporate has but to touch upon the specifics of its fundraising plan. Earlier, at a convention in Seoul, the top of Tether’s American division, Bo Hines, mentioned it doesn’t plan to boost further capital.
Tether’s USDT has a market cap of $173.08 billion, making it the world’s largest stablecoin, in line with CoinMarketCap information.
If the fundraising is achieved, it will mark a hanging milestone for a enterprise that operates with restricted regulatory oversight.
Publicly traded rival Circle Web Group Inc. is presently valued at $30.1 billion.
Tether Prepares To Re-Enter US Market
The Bloomberg report comes after Tether lately reported $4.9 billion in web revenue within the second quarter. It mentioned on the time that it held over $162.5 billion in reserves towards $157.1 billion in liabilities. Its reserves embrace about $8.9 billion in BTC.
Tether is making ready to re-enter the US market, drawn by President Donald Trump’s pro-crypto stance. It lately unveiled a plan for a US-regulated stablecoin and appointed Bo Hines, a former White Home crypto official, to steer it.
🇺🇸 TETHER TO BE BROUGHT UNDER US JURISDICTION, REGARDLESS OF WHERE IT IS BASED.
ACCORDING TO NEWEST VERSION OF GENIUS STABLECOIN BILL – UNCHAINED pic.twitter.com/qtsXTqdI7d
— Crypto Rover (@rovercrc) Could 10, 2025
Ardonino had earlier introduced Tether’s intention to acquire international issuer standing for stablecoins beneath necessities laid down by the GENIUS Act, which offers a transparent regulatory framework for them. He estimated the implementation of those plans would take three years.
Tether had been notably absent from the US earlier than Trump’s second time period, after clashing with regulators. In 2021, the corporate paid a $41 million effective to settle allegations it had misrepresented its reserves.
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