Tether Eyes $20B Fundraise at $500B Valuation Amid U.S. Expansion Plans
Bloomberg sources report that Tether Holdings SA is in private discussions to raise roughly $20 billion—a move that could push the USDT stablecoin issuer’s valuation to about $500 billion. If finalized, the deal would position Tether among the world’s most highly valued private companies.
In brief
- Tether in talks to raise $15–$20B by selling 3% equity, targeting a $500B valuation among the world’s top private firms.
- Cantor Fitzgerald, owning 5% of Tether, advises on the deal; its stake could surge from $600M to $25B if valuation holds.
- Tether leads with $172B in assets, 56% stablecoin dominance, and $4.9B Q2 profits—boasting a massive 99% margin.
- Firm expands in the U.S. under pro-crypto policies, hiring ex-White House official Bo Hines to lead its new U.S. unit.
Stablecoin Giant Explores Multi-Billion Equity Sale Targeting $500B Valuation
Tether is reportedly aiming to sell 3% of its equity to private investors for between $15 billion and $20 billion. However, anonymous sources caution that the final figure may be lower than initially quoted, as talks are still in the early stages. The deal would involve the firm issuing new shares, rather than investors shedding their equity.
In an X post, Tether CEO Paolo Ardoino said the firm is assessing a group of “high-profile key investors” to raise funds. However, he did not provide detailed information about the potential fundraising round.
According to reports, Cantor Fitzgerald is the leading advisor on the investment talks. The firm holds a 5% ownership stake in Tether, valued at about $600 million. Assuming Tether achieves the $500 billion valuation, Cantor Fitzgerald’s equity would be pegged at $25 billion.
This valuation would place Tether in the same bracket as top firms such as Sam Altman’s OpenAI and Elon Musk’s SpaceX.
Tether Plans U.S. Return Amid Pro-Crypto Policy Shifts
Tether remains the leading issuer of fiat-pegged digital assets, with approximately $172 billion in value—accounting for about 56% of the stablecoin market. In comparison, second-placed stablecoin issuer Circle is valued at $74 billion.
The firm, which relocated its headquarters to El Salvador early this year, has generated massive returns by investing its USDT reserves in cash-like assets such as U.S. Treasuries. According to reports, the company posted $4.9 billion in gains during Q2 2025. Ardoino even stated that Tether registered a 99% profit margin.
In recent months, the leading stablecoin issuer has actively planned its return to the U.S., aiming to capitalize on pro-crypto policies such as the GENIUS Act. Earlier this month, the company tapped former White House crypto official Bo Hines to lead its U.S. wing, USAT.
Beyond the appointment, the firm has accelerated its issuance of the USDT stablecoin. Following the Fed’s recent quarter-point rate cut, the company minted 5 billion USDT in eight days, anticipating renewed risk appetite.
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James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.