Tether Seeks $20B Funding Round at $500B Valuation
Tether Seeks $20B Funding Round at $500B Valuation
馃挵 Tether's $500B surprise
Tether reportedly pursuing massive funding round
The stablecoin issuer is seeking up to $20 billion in new funding at a $500 billion valuation, according to Bloomberg reports.
Key details:
- Funding round would be one of the largest in crypto history
- Valuation reflects Tether's dominant position in stablecoin market
- Company previously reported $4.5B in profits, showing strong financial performance
Context: Tether's USDT remains the world's largest stablecoin by market cap. The company has been diversifying investments under new leadership while maintaining its core stablecoin operations.
This funding round signals continued institutional interest in stablecoin infrastructure as the market matures.
Just in: @Tether_to reportedly seeks up to a $20B raise at a $500B valuation
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