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Tether reportedly seeks lofty $500 billion valuation in capital raise
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Tether reportedly seeks lofty $500 billion valuation in capital raise

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The crypto company is looking to raise between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, the report said.

Tether, the issuer of the largest stablecoin, is planning to raise as much as $20 billion in a deal that could put the crypto company's value on par with OpenAI, according to a report from Bloomberg News. The crypto company is looking to raise betwee... [1191 chars]

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Source: CNBC

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