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Tether Reportedly Seeks $20B Raise at $500B Valuation, Eyeing Spot Among World’s Most Valuable Private Firms
- Tether is in talks for a multibillion-dollar equity raise valuing the firm at close to half a trillion.
- CEO states fundraising would significantly expand Tether’s operations across multiple business areas.
- USDT leads stablecoin market with US$172B supply; Cantor Fitzgerald supports in an advisory role.
Tether is said to be holding early-stage discussions with investors over a capital raise that could reach between US$15 billion (AU$22.74 billion) and US$20 billion (AU$30.32 billion), according to Bloomberg. The proposed fundraising would involve about 3% of the company being sold as new equity.
If achieved at the higher level, the transaction would value the stablecoin operator at nearly US$500 billion (AU$758.1 billion), positioning it alongside global private giants like Elon Musk’s SpaceX and Sam Altman’s OpenAI. SpaceX was valued around US$400 billion (AU$606.48 billion) in July, while OpenAI has been linked to a potential US$500 billion (AU$758.1 billion) valuation through a recent share sale.
Related: Tether Denies Reports of Uruguay Exit Amid $4.8M Debt Dispute
Investor Backing for Growth Vision
While sources caution that the final outcome may fall short of the maximum figures, the move demonstrates Tether’s ambition to solidify its place among the world’s most valuable companies. Paolo Ardoino, the company’s CEO, confirmed on Tuesday that Tether is evaluating an investment round with high-profile backers, noting it would expand the firm’s strategy across both established and new business lines.
El Salvador-based Tether issues USDT, the largest stablecoin globally, with supply exceeding US$172 billion (AU$260.79 billion). Its competitor Circle manages USDC, valued at about US$74 billion (AU$112.2 billion).
Cantor Fitzgerald, reported last year by the Wall Street Journal to hold a 5% stake in Tether worth up to US$600 million (AU$909.72 million), is advising on the deal.
Related: Tether Launches USAT Stablecoin Under New CEO Bo Hines
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
