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Tether eyes a $500B valuation
According to reports, #Tether — the issuer of $USDT — is in talks to raise $15–20B via a private placement, offering ~3% equity to investors. Cantor Fitzgerald is advising on the deal.
If successful, this would push Tether’s valuation to $500B, on par with giants like OpenAI and SpaceX — marking the highest valuation ever for a crypto-native company.
CEO Paolo Ardoino highlighted that Tether’s ambitions now go far beyond stablecoins, with expansion into AI, commodities trading, energy, and media.
#USDT #Crypto #Stablecoins #Web3 #Tether