Crypto firm Tether on track for $500 billion valuation
Tether Holdings SA, the company behind the world’s biggest stablecoin, is in discussions with investors to secure up to $20 billion in funding, a move that could place the crypto firm among the world’s most valuable private companies.
The El Salvador-based firm is looking to raise $15 billion to $20 billion by selling about a 3% stake in a private placement, according to two sources familiar with the discussions, Bloomberg revealed.
Another source involved in the process warned that the $20 billion figure represents the upper end of expectations and that the final amount could be considerably lower. The talks are still in the early stages, and the specifics of the proposed investment may change, the sources said,…
