Bloomberg: Stablecoin Issuer Tether Halts $20 Billion Financing Plan

Odaily Stablecoin issuer Tether Holdings SA had previously planned to raise $20 billion in funding, but this plan has now been suspended. The company is awaiting the results of its first comprehensive financial audit and may restart the fundraising after the audit results are released. According to informed sources, throughout the financing process, potential investors and bankers have been urging Tether to improve its financial transparency. However, one of the sources indicated that some potential investors are still prepared to support the company before the audit results are announced. (Bloomberg)