SoftBank and ARK Invest Consider Joining Tether’s Major Funding Round
- SoftBank and ARK Invest are in talks to join Tether’s $15-20 billion funding round.
- The funding round values Tether at approximately $500 billion.
- Tether aims to expand beyond its core stablecoin business with new capital.
- Tether’s USDT holds a market capitalization of over $170 billion, dominating the stablecoin market.
- SoftBank has been increasing its investments in the crypto sector, including Bitcoin-focused ventures.
- ARK Invest is actively engaging in high-profile crypto funding deals amid rising institutional adoption of digital assets.
Tether seeks to raise $15-20 billion through a private placement, valuing it at around $500 billion. This move highlights growing institutional interest in stablecoins as key infrastructure components in the crypto market.
Source (3.2)https://cryptobriefing.com/softbank-ark-tether-funding-round-bloomberg-report/?rand=59535
