Tether's $500 Billion Valuation Financing Faces Cold Reception or Potential Fundraising Delay

Odaily News Tether is pushing for investors to participate in a new funding round at a valuation of approximately $500 billion. If market demand does not meet expectations, the fundraising process may be postponed.

The report indicates that the company has been exploring financing plans since last year, but some investors remain cautious about the valuation. If this valuation is achieved, Tether's scale would surpass that of most U.S. banks, second only to JPMorgan Chase. Previously, the company discussed raising about $15 to $20 billion through a private placement, but related plans still face uncertainty. (Cointelegraph)