Key Takeaways Tether initially aimed to raise $15–20 billion in fresh capital while targeting a $500 billion valuation in 2025. A 23% drop in net profit to $10 billion, combined with rising investor caution, forced the firm to scale back its fundraising ambitions. The once-hyped fundraising quietly lost momentum and appears to have collapsed amid broader crypto market turmoil. Tether, issuer of the world’s largest stablecoin USDT, announced in September 2025 plans to raise $15–20 billion via a pr ...