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Tether Seeks to Boost Valuation to $500 Billion, Plans Complete Audit by End of 2026
Tether CEO Paolo Ardoino has now made the United States the core of his expansion plans and has gained support from allies of the Trump administration, including Commerce Secretary and longtime Tether supporter banker Howard Lutnick, whose family company has also invested in Tether.
Tether launched a new token in the U.S. market this year and has stepped up lobbying efforts in Washington. Meanwhile, Tether is also attracting investors globally, attempting to establish the company's valuation at $500 billion, making it one of the world's highest-valued private companies.
Tether CEO Paolo Ardoino stated that the company plans to complete a comprehensive audit by the end of 2026 and is currently in communication with the Big Four accounting firms. Tether disclosed that its profit last year exceeded $10 billion, and it currently holds approximately $122 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. Treasury bonds globally.