Tether Holdings, the issuer of the world’s largest stablecoin, “USDT,” is currently seeking a substantial investment round. Negotiations with potential investors are underway, with a preliminary target of US$20 billion. This request encompasses a 3% stake through a private placement, representing a significant increase in the firm’s overall valuation. The anticipated amount sought is between US$15 billion and US$20 billion. The deal details are still being finalized, but the effort aims to solidify Tether’s position as a key player in the rapidly evolving cryptocurrency market and potentially enhance its global influence.
Credits: News – South China Morning Post
