Tether reportedly seeks lofty $500 billion valuation in capital raise
Representation of the connection of Venezuela Bolivar and US dollar banknotes and crypto currency, is seen in this picture taken on September 8, 2025.
Dado Ruvic | Sort
Tether, the exporter of the largest stablecoin, plans to raise the value of a crypto company to an agreement that can make it equal to Openai to $ 20 billion. report From Bloomberg News.
In the report, the crypto company wants to increase roughly 15 billion to 20 billion dollars in exchange for 3% shares through a special settlement, referring to two familiar people. According to the news service, the transaction, rather than the existing investors selling shares will contain new equity, he said.
In the report, he warned that a person close to the issue is at an early stage, which means that the final details may change, including the size of the proposal.
However, according to the report, the agreement may eventually value $ 500 billion. This means that the valuation of the crypto giant will be competing in the world’s largest private companies, including SpaceX and Openai. Openai’s donation gathering tour earlier this year valued the technology company for $ 300 billion.
Tether, who was once accused of being a “crypto currency” of the criminal, is considering President Donald Trump’s pro -crypto stance, and in recent months, he advances his plans to return to the United States. At the beginning of this month, the company chose a CEO for the US business and launched a new coin for businesses and institutions called Ursat in the United States under the Genius law in the USA.
Stablecoin USD TETHER (USDT) has recently been fixed to the US dollar with a market value of exceeding $ 172 billion. In the second rival Circle The USDC Stablecoin is about $ 74 billion.
