SoftBank, Ark Invest Consider Investing in Tether’s $15 Billion Funding Round
The largest stablecoin issuer, Tether, is reportedly in talks with major firms like SoftBank Group and Ark Investment Management for a funding round between $15 billion and $20 billion. This could potentially value Tether at $500 billion, as reported by Bloomberg News.
Potential Impact of SoftBank and Ark Invest
- Involvement from SoftBank and Ark may boost Tether's credibility among mainstream investors.
- Tether is expanding investments beyond digital assets into AI, telecommunications, cloud computing, and real estate.
Tether has appointed Bo Hines, ex-advisor to President Trump on cryptocurrency, as CEO of its US division. This aligns with Tether’s strategy to establish operations in the US and comply with new regulatory standards, including the introduction of a new dollar-pegged cryptocurrency called “USAT.”
Regulatory Compliance and US Expansion
- The new token complies with the GENIUS Act, the first stablecoin legislation signed by President Trump.
- Paolo Ardoino, Tether's CEO, emphasized USDT's role as a financial tool in emerging markets, promoting global trust and financial freedom.
