Tether Eyes $20B Capital Raise, Valuation Could Hit $500B — Bloomberg

Tether Explores $15–20B Private Placement, Valuation Could Hit $500B

Tether is reportedly in talks to raise $15 billion to $20 billion through a private placement, offering around a 3% equity stake, according to Bloomberg sources familiar with the matter.

If completed at this scale, the funding would value the stablecoin issuer at roughly $500 billion, putting it alongside tech heavyweights like OpenAI and SpaceX. The company plans to issue new shares, with Cantor Fitzgerald serving as lead adviser.

Tether’s USDT remains the world’s largest stablecoin, with a market cap near $172.8 billion, while Circle’s USDC, recently listed in the U.S., stands at $74 billion, per CoinMarketCap data.

The fundraising follows Tether’s strong financial performance, including $4.9 billion in net profit during Q2 2025 and reserves exceeding $162.5 billion against $157.1 billion in liabilities, which include about $8.9 billion in bitcoin.

The talks are still in preliminary stages, and final terms could differ significantly. Prospective investors have reportedly been given access to a data room over the past few weeks to review the opportunity.

Tether has not yet issued an official comment regarding the planned capital raise.

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