Tether is aiming to raise as much as $20bn in a private funding round that would value the operator of the world’s most traded cryptocurrency at about half a trillion dollars.
The stablecoin company has entered into talks with investors to raise between $15bn and $20bn in fresh equity for a roughly 3 per cent stake, according to three people familiar with the matter.
At the lower end of the range, the fundraising would value Tether at almost $500bn, catapulting the highly profitable group into the ranks of the world’s most valuable privately owned companies.
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