Report: Tether Eyes $500B Valuation, But Ambitions May Far Outpace Reality

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A new report claims Tether is seeking a monumental $500 billion valuation by raising up to $20 billion, a figure that seems to conflict with recent statements from the company’s own leadership.

Citing anonymous sources, Bloomberg detailed the fundraising talks but also included a significant caveat: “eventual numbers could be significantly lower.” The discrepancy is sharp; while the report speaks of a massive capital raise, Tether’s US.

CEO, Bo Hines, said just recently that the stablecoin firm “has no plans to raise money.” With a current USDT supply of $172 billion, a $500 billion valuation would represent a massive premium, raising questions about the feasibility of such a lofty goal.