In accordance with Blockworks, Tether Holdings is seeking to raise up to $20 billion in a private funding round, which would value the company at approximately $500 billion. The El Salvador-based firm is negotiating to sell a 3% equity stake, aiming to join the ranks of the world’s most valuable private companies. Tether’s USDT token is a key asset in global crypto trading, and the company has recently emphasized its shift into short-term U.S. Treasuries and independent attestation reports. The potential raise comes amid heightened regulatory scrutiny of stablecoins in the U.S. and Europe.
Tether Aims for $500B Valuation with $20B Private Placement
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