El Salvador-headquartered stablecoin firm Tether is in talks to raise between $15 billion and $20 billion in a private placement that could value the company at close to $500 billion.
The crypto giant is planning to raise funding by selling about 3% of the company, though final figures could vary depending on investor need and stake size, according to Bloomberg.
Tether’s CEO Paolo Ardoino confirmed on X that the company is exploring a raise with a selected group of key investors.
With its USDT stablecoin pegged to the U.S. dollar, Tether currently holds a market capitalisation of $173 billion, data from CoinGecko shows.
Tether’s portfolio today spans leading companies in AI, tele-communications, Bitcoin mining and energy, cloud computing, digital assets, real estate, neurotech, and other sectors, underscoring the company’s commitment to building resilient, long-term infrastructure for the digital asset economy.
“We’re building resilient infrastructure, advancing financial sovereignty, and pioneering a future that’s decentralised, resilient, stable, and powered by AI,’ said Paolo Ardoino, CEO of Tether. ”
