Cathie Wood’s ARK and SoftBank eye stablecoin giant Tether

SoftBank Group and ARK Invest could be potential investors in a major funding round at the largest stablecoin issuer, Tether, Bloomberg Law reported on Sep. 26. The tech-focused investors are among several high-profile financiers who are eyeing an investment in the stablecoin giant, the publication cited sources familiar with the matter to report. Tether seeks $15B-$20B Founded in 2014, Tether is one of the world's largest crypto companies. In 2017, it launched a stablecoin called USDT. A stablecoin is ...