Tether Considers Tokenizing Stock Amid $20 Billion Fundraise: Bloomberg

Core Insights - Tether is considering tokenizing its stock to provide liquidity for investors and is aiming to raise $20 billion at a $500 billion valuation [1][4] - A shareholder expressed interest in selling at least $1 billion worth of equity at a $280 billion valuation, raising concerns among management about potential impacts on fundraising efforts [2] - Tether's valuation ambitions would place it among the most valuable private companies globally, comparable to OpenAI and SpaceX [4] Company Developments - Tether's management is taking steps to prevent unauthorized sales of equity, emphasizing the importance of following established processes led by Tier 1 global investment banks [3] - The company has seen its USDT stablecoin reserves grow to approximately $186 billion, an increase of $46 billion over the past year [5] - Tether's closest competitor, Circle, went public at a $6.9 billion valuation, which has generated interest in the stablecoin market [4] Investment Interest - Companies like SoftBank and Ark Investment Management are reportedly considering investments in Tether [5] - Tether has not yet provided a timeline for a potential public offering, indicating that strategic decisions are still in development [5]