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Tether CEO: Evaluating financing from core investors, planning to significantly expand existing and new business lines.
On September 24, Tether CEO Paolo Ardoino posted that "Tether is evaluating financing from some well-known core investors to scale the company's strategic operations in existing and new business lines (stablecoin, distribution coverage, artificial intelligence, commodity trading, energy, communication, media) by several orders of magnitude." Previously reported, on September 24 at 7 AM, according to two insiders, the world's largest stablecoin issuer Tether is in talks with investors to raise up to $20 billion, which could elevate the cryptocurrency company to one of the most valuable private companies globally. Tether aims to raise $15 billion to $20 billion through a private placement, accounting for about 3% of the company's shares. The negotiations are still in the early stages.