Tether Scales Back $20B Funding Push After Investor Resistance: Report

The world’s largest stablecoin issuer Tether has pulled back from earlier ambitions to raise as much as $20 billion in new funding after encountering investor resistance to its valuation. It comes roughly two months after Tether explored a raise to the tune of $15-$20 billion that would have placed it among the world’s most valuable private companies. Advisers have since discussed raising as little as $5 billion after pushback from investors, according to a Financial Times report on Wednesday. Tether Lau ...