7h ago
Tether Seeks $500B Valuation With Two-Week Investor Deadline for New Funding
Tether is seeking funding at a $500 billion valuation, with investor commitments expected within roughly two weeks. The proposed level would place the USDT issuer above Bank of America if completed, but the deal could be delayed if demand is not strong enough. USDT remains the largest stablecoin at about $184 billion in market cap as Tether also works on steps aimed at improving transparency.