Stablecoin Issuer Tether Seeks Half-Trillion Valuation In Ambitious Capital Raise

Tether Holdings is in talks with investors to raise as much as $20b, a deal that could value the stablecoin issuer near $500b and place it among the world’s most valuable private companies. The firm is seeking between $15b and $20b through a private placement for about a 3% stake, Bloomberg reported Tuesday. The transaction would reportedly involve new equity, not secondary sales by existing backers. Cantor Fitzgerald is acting as lead adviser on the process. A valuation near half a trillion dollars wou ...