Tether trims fundraising goal to at least $5B after investors question $500B valuation

On February 4, the Financial Times reported that Tether has lowered its fundraising ambition to at least $5 billion after initial discussions around a $15–$20 billion raise tied to a roughly $500 billion valuation drew investor resistance. CEO Paolo Ardoino said the higher number was only a maximum amount the company might sell and stressed that Tether, which issues about $185 billion worth of USDT and reportedly earned around $10 billion in profit last year, does not urgently need outside capital.