Tether Reviewing Early Raise Talks At A $500B Valuation

Tether is reviewing to raise more capital from investors at a $500B valuation to further scale its global operational activities.

The company has recently completed a series of acquisitions and ventures geared to a number of different industries alongside its stablecoin issuance, with AI, open-source software, neurotech, energy and telecom infrastructure parts of the strategy for growth.

Previously, Paolo had referred to the company continuing to stay private, especially following its competitor’s Circle’s IPO earlier in the summer.

Just before you go

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However, with increased profits ($4.9B in Q2) and stakes in companies like Rumble, BlackRock Neurotech and others, it may be an option for the Tether team to consider outside capital.