Bloomberg: Tether plans to raise $20 billion and considers "stock tokenization," stopping shareholder sell-offs to defend a $500 billion valuation

According to the latest report by Bloomberg, the world’s largest stablecoin USDT issuer Tether is planning to raise up to $20 billion by issuing new shares, corresponding to its previously reported valuation of $50 billion.
(Background recap: Tether’s $50 billion valuation surpasses SpaceX and ByteDance, revealing the path to becoming a dominant stablecoin)
(Additional background: 2025 Tether financial analysis: an additional $4.5 billion in reserves are needed to maintain stability)

According to the latest Bloomberg report, the world’s largest stablecoin USDT issuer Tether is planning to raise up to $20 billion by issuing new shares, corresponding to its previously reported valuation of $50 billion.

At the same time, to ensure the smooth progress of this large-scale fundraising, Tether executives are actively evaluating various schemes to improve investor liquidity, including share buybacks and tokenization of company shares after the fundraising is completed—that is, converting traditional stocks into digital assets on the blockchain, making it easier for investors to trade and transfer on-chain in the future, further attracting institutional capital.

Tether halts shareholders from low-price share disposals

It is worth mentioning that Bloomberg, citing informed sources, pointed out that Tether recently took action to prevent at least one existing shareholder from selling shares. It is understood that this shareholder initially planned to sell at least $1 billion worth of shares, but their asking price implied a valuation of only $280 billion, far below Tether’s set target of $500 billion.

In response, Tether management is concerned that such low-price disposals could disrupt their overall fundraising plan and depress the stock price, thus explicitly stating that: this funding round will not allow existing shareholders to sell their holdings. Meanwhile, Tether also responded publicly, stating that they have received a clear confirmation from relevant shareholders that “these actions will no longer continue,” and warned that any attempts to bypass proper procedures or contact unauthorized parties are “irresponsible and even reckless.”

USDT market cap approaches $190 billion

Based on a $50 billion valuation, Tether would rank alongside giants like OpenAI and SpaceX, entering the list of the world’s most valuable companies. This year, the market cap of USDT has continued to surge, already approaching $190 billion at the time of writing, with its strong cash flow serving as the main support for this high valuation fundraising.

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Tags: $50 billion valuation, Tether, USDT, cryptocurrency, blockchain, stocks, stablecoin, shareholders, tokenization, share buyback