Tether Eyes $15–20B Private Placement, Valuation Could Reach $500B
Stablecoin issuer Tether is exploring a private placement to raise between $15 billion and $20 billion by selling approximately a 3% stake, Bloomberg reported, citing sources familiar with the matter.
If completed, the deal would value Tether at roughly $500 billion, placing it among top-tier tech companies such as OpenAI and SpaceX. The company would issue new equity for the transaction, with Cantor Fitzgerald acting as lead adviser.
USDT remains the largest stablecoin, with a market capitalization of around $172.8 billion, while Circle’s USDC, recently listed in the U.S., holds $74 billion, according to CoinMarketCap.
The potential raise follows strong performance for Tether, which reported $4.9 billion in net profit in Q2 2025 and held $162.5 billion in reserves against $157.1 billion in liabilities, including about $8.9 billion in bitcoin.
Sources emphasized that discussions are still in early stages and final figures could be lower. Prospective investors have been given access to a data room in recent weeks to evaluate the opportunity.
Tether has yet to comment publicly on the planned fundraising.
