BEARISH 📉 : Tether reduces fundraising target amid investor valuation concerns

Tether has adjusted its funding strategy, reducing the targeted raise from $15-$20 billion to potentially $5 billion due to investor concerns about a $500 billion valuation.

Tether remains profitable, having generated approximately $10 billion in profit last year, largely from yield on reserves backing USDT.
The company holds a large stablecoin circulation of $185-$187 billion and has a strong internal ownership structure with little interest in selling equity.
It holds over $122 billion in direct US Treasuries, with total Treasury exposure exceeding $141 billion including short-term lending agreements.
Tether also has significant gold reserves, totaling 80-116 metric tons, with 27 tons added recently.

Tether's new product, USAT, is a US-regulated stablecoin issued through Anchorage Digital Bank. This launch puts Tether in competition with Circle’s USDC and other new market entrants like Fidelity and JPMorgan.

USAT complies with new federal stablecoin regulations in the US, unlike USDT, which doesn't meet current US standards.
Tether is engaging more actively with US policymakers and law enforcement, collaborating with nearly 300 agencies across 60 countries.