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Tether Looking to Raise Up to $20B, Bringing its Valuation to $500B: Bloomberg
Yahoo Finance·2025-09-23 20:55

Stablecoin giant Tether is looking to raise between 15billionand15 billion and 20 billion for about a 3% stake in the company through a private placement, Bloomberg reported, citing two people familiar with the matter. The massive raise would bring its valuation to around 500billion,puttingitinthesameleagueasOpenAIandSpaceX,Bloombergreported.Tetherwouldbeissuingnewequity,andCantorFitzgeraldisactingasleadadviser.TethersUSDThasmarketcapofaround500 billion, putting it in the same league as OpenAI and SpaceX, Bloomberg reported. Tether would be issuing new equity, and Cantor Fitzgerald is acting as lead adviser. Tether's USDT has market cap of around 172.8 billion, making it the larges ...