Stablecoin powerhouse Tether Holdings SA is gearing up for a blockbuster equity raise, targeting up to $20 billion through a private share sale that could skyrocket its valuation to around $500 billion putting it in elite company with giants like SpaceX and OpenAI.
This ambitious move, first reported by Bloomberg today, underscores Tether's unshakeable dominance in the crypto world, where its USDT stablecoin boasts a market cap exceeding $170 billion and fuels trillions in daily trading volume.
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Stablecoin powerhouse Tether Holdings SA is gearing up for a blockbuster equity raise, targeting up to $20 billion through a private share sale that could skyrocket its valuation to around $500 billion putting it in elite company with giants like SpaceX and OpenAI.
This ambitious move, first reported by Bloomberg today, underscores Tether's unshakeable dominance in the crypto world, where its USDT stablecoin boasts a market cap exceeding $170 billion and fuels trillions in daily trading volume.