Tether, the issuer of the world’s largest stablecoin USDT, is reportedly in talks to raise as much as $20 billion in a deal that could value the firm at a staggering $500 billion. According to a Bloomberg report, the El Salvador–based issuer of USDT is seeking between $15 billion and $20 billion in a private placement for roughly a 3% stake. Investment bank Cantor Fitzgerald is reportedly advising on the deal, while potential backers have been granted access to the company's data. Sources cautioned that talks remain early and terms could shift, but a deal could close by theContinue reading on DailyCoin. Tether, the issuer of the world’s largest stablecoin USDT, is reportedly in talks to raise as much as $20 billion in a deal that could value the firm at a staggering $500 billion. According to a Bloomberg report, the El Salvador–based issuer of USDT is seeking between $15 billion and $20 billion in a private placement for roughly a 3% stake. Investment bank Cantor Fitzgerald is reportedly advising on the deal, while potential backers have been granted access to the company's data. Sources cautioned that talks remain early and terms could shift, but a deal could close by theContinue reading on DailyCoin.
Tether Targets $500B Valuation Amid Reported $20B Fundraise
Tether, the issuer of the world’s largest stablecoin USDT, is reportedly in talks to raise as much as $20 billion in a deal that could value the firm at a staggering $500 billion. According to a Bloomberg report, the El Salvador–based issuer of USDT is seeking between $15 billion and $20 billion in a private placement for roughly a 3% stake. Investment bank Cantor Fitzgerald is reportedly advising on the deal, while potential backers have been granted access to the company's data. Sources cautioned that talks remain early and terms could shift, but a deal could close by the
Continue reading on DailyCoin.
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