Deep Tide TechFlow News: On March 25, according to Bloomberg reports, stablecoin issuer Tether Holdings SA had previously planned to raise $20 billion in funding, but the plan has now been suspended. The company is awaiting the results of its first comprehensive financial audit and may restart fundraising after the audit results are released. According to informed sources, throughout the financing process, potential investors and bankers have been urging Tether to improve financial transparency. However, one informed source indicated that some potential investors remain prepared to support the company before the audit results are published.
Deep Tide TechFlow News: On March 25, according to Bloomberg reports, stablecoin issuer Tether Holdings SA had previously planned to raise $20 billion in funding, but the plan has now been suspended. The company is awaiting the results of its first comprehensive financial audit and may restart fundraising after the audit results are released. According to informed sources, throughout the financing process, potential investors and bankers have been urging Tether to improve financial transparency. However, one informed source indicated that some potential investors remain prepared to support the company before the audit results are published.