Tether Eyes $15–20B Private Placement, Valuation Could Reach $500B
Stablecoin issuer Tether is reportedly exploring a private placement to raise between $15 billion and $20 billion, offering roughly a 3% stake in the company, according to sources cited by Bloomberg.
If completed, the deal would value Tether at approximately $500 billion, placing it in the same league as major tech firms such as OpenAI and SpaceX. The company plans to issue new shares, with Cantor Fitzgerald acting as lead adviser on the transaction.
Tether’s USDT remains the world’s largest stablecoin, with a market capitalization of around $172.8 billion. By comparison, Circle’s USDC—recently listed in the U.S.—has a market cap of $74 billion, according to CoinMarketCap.
The fundraising follows strong financial results for Tether, including $4.9 billion in net profit for Q2 2025 and reserves totaling over $162.5 billion against $157.1 billion in liabilities, which include roughly $8.9 billion in bitcoin.
Sources noted that discussions are still in the early stages, and the final terms could differ significantly. Potential investors have reportedly been granted access to a data room in recent weeks to evaluate the opportunity.
Tether has yet to provide an official comment on the potential capital raise.
