Stablecoin giant Tether seeks funding at US$500 billion valuation
Tether Holdings, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as US$20 billion, a deal that could propel the cryptocurrency firm into the highest ranks of the world’s most valuable private companies.
The El Salvador-based company is seeking between US$15 billion and US$20 billion in exchange for a roughly 3 per cent stake through a private placement, according to two people familiar with the matter.
Another person involved in the process cautioned that...
