Tether seeks $20B raise at $500B valuation

Tether Holdings, issuer of the largest stablecoin USDT, is in early talks to raise between $15–20 billion by selling roughly 3% of new equity, which would imply a valuation near $500 billion. El Salvador-based companyWith USDT’s market capitalization at $172 billion, well ahead of Circle’s $74 billion USDC, the deal would mark one of the largest fundraising efforts in crypto historyDiscussions are still at an early stage and terms could change—A $500B valuation would cement Tether’s dominance, though scrutiny over reserves could intensify.
Circle’s $74B USDC looks dwarfed, highlighting widening market share gapsIf successful, the deal would rank among the largest private raises in the sector.
This article was written by Eamonn Sheridan at investinglive.com.

Source: investinglive.com (Read Full Article)