Tether Seeks Up to $20 Billion Funding with Major Investors Eyeing Stake

Tether, the issuer of the USDT stablecoin, is in discussions to raise between $15 billion and $20 billion, potentially elevating its valuation to $500 billion. Major firms like SoftBank and Ark Invest are reportedly interested in participating, signaling a renewed confidence in the cryptocurrency market and highlighting the growing institutional interest in stablecoins. This significant funding round could strengthen Tether's market position and impact the broader financial ecosystem.