Tether's $20B Raise: Crypto's Next Giant?

Tether, the stablecoin giant, is making a bold move to raise up to $20 billion, potentially valuing the company at a staggering $500 billion! With Cantor Fitzgerald advising, this private placement aims to sell a 3% stake, putting Tether in the same league as OpenAI and SpaceX. Fresh off a $4.9 billion profit quarter and boasting massive reserves, Tether's ambitious play could reshape the future of stablecoins and the crypto landscape. Hosted on Acast. See acast.com/privacy for more information.