Tether Targets $500 Billion Valuation In New Equity Offering Amid US Expansio...
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 reports highlighted 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....
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Tether, the company behind the widely used USDT stablecoin, is said to be in talks for one of the biggest private fundraisings in crypto history. Related Reading: Bitcoin Miner TeraWulf Targets $3 Billion To Power Google-Tied Project According to multiple reports, the firm is exploring a $15 billion to $20 billion equity raise that could […]
Crypto heavyweight Tether is reportedly in early-stage discussions to raise between $15-20B in a private equity round, offering about 3% of its equity. If successful, the deal could peg the company’s valuation at nearly $500B, placing it among the world’s most valuable private firms alongside names like OpenAI and SpaceX, and joining elite company at […]
Crypto exchange Kraken is reportedly in talks with a strategic investor to raise capital that pushes its valuation to $20 billion ahead of a potential initial public offering (IPO). This development comes amid the crypto firms’ IPO frenzy in the US under a rather supportive administration of President Donald Trump. Related Reading: $2-B Crypto Deal […]
As the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially during the last few years and according to today’s metrics there’s 77.9 billion tether (USDT) in circulation today. Tether is the most dominant stablecoin out of all the stablecoins in existence in terms of market....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....