Tether, the company behind the world’s largest stablecoin, is preparing for a fund raising round and SoftBank Group and Ark Investment Management are looking to join, but final commitments have not yet been made.
According to Bloomberg’s report on Friday, the investment firms are among high-profile backers holding early discussions as Tether seeks new capital to boost its global presence.
Tether is looking to raise between $15 billion and $20 billion by selling about a 3% stake through a private deal. If this deal goes through, the company could be valued at close to $500 billion.
That would make Tether one of the most valuable private companies in the world, in the same league as OpenAI, and other tech giants
You need to login in order to Like
Leave a comment