Tether mulls tokenizing its stock after seeking up to $20 billion in share sales at $500 billion valuation: Bloomberg

Stablecoin issuer Tether is reportedly exploring the tokenization of its equity after completing a planned share sale that seeks to raise up to $20 billion, valuing the company around $500 billion, according to Bloomberg. Tokenization could offer existing shareholders an alternative liquidity path since Tether is not currently planning to allow existing investors to sell into the main fundraising round, and no public listing timeline has been set. Executives are also reportedly weighing other exit mechanisms like traditional buybacks. This consideration follows Tether's launch of its tokenization unit, Hadron, in November 2024. The news surfaces amid tensions over secondary sales, as Tether reportedly intervened to stop a shareholder from selling stock at a much lower valuation of $280 billion, deeming such bypass attempts "imprudent."

(Source：The Block)