Tether Blocks Stock Sale After Shareholders Tried To Undercut Valuation

A stakeholder's attempt to sell shares at a discount threatened to undercut Tether's fundraising efforts. Credit: Markus Spiske. Key Takeaways A Tether shareholder reportedly tried to sell shares at a price that undercut the company’s fundraising efforts. Tether described the attempt as “reckless” and stepped in to prevent the sale. In the future, the company is considering tokenizing equity to improve liquidity. With Tether in talks to close a private placement at a $500 billion valuation, at lea ...