Tether plans to raise up to $20 billion at a $500 billion valuation

Odaily Planet Daily reported that according to people familiar with the matter, stablecoin issuer Tether Holdings is in talks with investors and plans to raise $15 billion to $20 billion through a private placement, accounting for about 3% of the company's shares. If the transaction is completed, the company's valuation may reach $500 billion, and it is expected to become one of the world's most valuable private companies.