Tether is apparently thinking about raising somewhere between $15 billion and $20 billion in what could be one of the biggest private funding rounds ever. The crazy part? They want a valuation of around $500 billion , which would make them worth more than most Fortune 500 companies.
The company would only be selling about 3% of itself for this massive amount of money. That tells you how confident they are about their position in the stablecoin market or how ambitious their valuation expectations have become. Bloomberg reported these numbers, but they’re calling them “top-end targets” which basically means the actual deal could end up being way smaller.
Tether’s CEO Paolo Ardoino confirmed they’re talking to some big-name investors but didn’t give any specifics about the numbers. Smart move considering how wild a $500 billion valuation sounds, especially for a company that basically issues digital dollars.
Their USDT stablecoin has about $173 billion in market cap right now, so they’re essentially asking for a valuation that’s almost three times the size of their main product. That’s either incredibly bold or completely nuts, depending on how you look at it.
The timing makes sense though. Tether’s been expanding aggressively, especially in the US market where Trump’s been way more crypto-friendly than the previous administration. They even hired a former White House crypto policy guy and announced plans for a US-based stablecoin called USAT.
Conclusion
Tether’s sky-high $500 billion valuation pitch shows equal parts confidence and audacity. Whether bold vision or market overreach, the move underscores crypto’s ambition—and how far stablecoin giants are willing to push boundaries in today’s shifting landscape.
Also Read: Massive Outflow Hits This Crypto ETF
