Tether May Postpone Fundraising if $500 Billion Valuation Deal Receives Lukewarm Reception

Tether Pushes for $500B Valuation in New Fundraising Round

Tether is pushing investors to get on board with a new fundraising round at a roughly $500 billion valuation. If demand falls short, the process could be delayed.

The company has been exploring funding options since last year, but some investors are cautious about the price tag. If it hits that valuation, Tether would be larger than most US banks—trailing only JPMorgan Chase. The firm has previously discussed raising around $15 billion to $20 billion through a private placement, though those plans remain uncertain.