Tether Seeks Up to $20 Billion in Funding at $500 Billion Valuation
- Tether is negotiating to raise between $15 billion and $20 billion for about 3% of its equity.
- The potential valuation of Tether could reach around $500 billion, positioning it among the world’s most valuable private companies.
- In comparison, publicly traded rival Circle was valued at approximately $30 billion as of September 23.
- Tether reported a profit of $4.9 billion in the second quarter with a claimed profit margin of 99%.
- Cantor Fitzgerald is serving as the lead adviser for this funding round, which remains in early discussions.
These fundraising efforts coincide with Tether’s plans to re-enter the US market under pro-crypto policies, including launching a US-regulated stablecoin. Despite previous regulatory challenges, Tether aims for significant expansion and investor interest ahead of potential deal completion by year-end.
If successful, this funding round could dramatically enhance Tether’s valuation amidst a lightly regulated cryptocurrency sector, reflecting its reported profit figures and strategic goals. (Source)
