Tether Seeks $500 Billion Valuation Through Private Equity Raise
Tether, the issuer of USDT, is reportedly aiming to raise $15 billion to $20 billion through a private placement. This could potentially elevate Tether's valuation to around $500 billion.
- The fundraising involves issuing new equity rather than existing shareholders selling stakes.
- Discussions are in preliminary stages, so details like the total amount raised may change.
- Tether plans to expand its US market presence amid a favorable regulatory environment under President Trump's pro-crypto policies.
New Developments in the US
- Tether appointed Bo Hines, former White House crypto advisor, as CEO for its US division.
- Launched "USAT," a new dollar-pegged stablecoin for businesses and institutions.
- The token complies with the GENIUS Act, the US's first stablecoin bill.
Tether's CEO, Paolo Ardoino, emphasized the company's role in providing digital assets that offer trust, resilience, and freedom globally.
