Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Tether, the issuer of the world’s largest stablecoin by market capitalization and trading volume, USDT, is reportedly seeking to raise between $15 billion and $20 billion through a private placement, potentially elevating the company’s valuation to around $500 billion.
As recent reportshighlighted on Tuesday, this ambitious financial maneuver could position Tether alongside some of the most prominent private enterprises, including OpenAI, which was valued at $300 billion during its recent fundraising round. Tether Explores Fundraising Options
The transaction would reportedly involve offering new equity rather than existing shareholders selling their stakes. Sources familiar with the situation told Bloomberg that discussions are still in the preliminary stages, meaning the specifics of the deal, including the total amount raised, could evolve over time. Related Reading Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump? 1 day ago
Despite facing scrutiny in the past, including accusations of being a preferred currency among criminals, Tether is now focusing on expanding its presence in the US market.
In recent months, the company has taken significant steps to enhance its operations in the United States, particularly in light of a more favorable regulatory environment under President Donald Trump’s pro-crypto policies. New US Division And Stablecoin
Earlier this month, Bitcoinist reportedthat the stablecoin issuer appointed President Trump’s former White House crypto advisor, Bo Hines, as CEO for its US division and launched a new dollar-pegged cryptocurrency designed for businesses and institutions, called “USAT.” Related Reading Why Aren’t Institutions Adopting XRP ‘Massively’? Pundit Answers 4 hours ago
This new token adheres to the regulations set out in the GENIUS Act — the country’s first stablecoin bill signed by President Trump — thereby further solidifying Tether’s commitment to compliance and growth in the American market. As Tether’s CEO, Paolo Ardoino, stated: For over a decade, Tether – as the creator of the stablecoin industry – has issued USDT, the backbone of the digital economy, and today the US dollar stablecoin for hundreds of millions of underserved people living in emerging markets, proving that digital assets can deliver trust, resilience, and freedom on a global scale. The daily chart shows the total crypto market cap valuation at $3.8 trillion. Source: TOTAL on TradingView.com
Featured image from DALL-E, chart from TradingView.com