Tether scales back $20B fundraising bid amid valuation concerns: Report
Crypto Briefing
Tether is reportedly reducing its planned $20 billion fundraising target due to investor skepticism over its high valuation.Summary
Tether, the largest stablecoin issuer, is reportedly scaling back its ambitious $20 billion fundraising goal following pushback from investors concerned about its high valuation, potentially aiming for a much smaller amount, possibly around $5 billion. CEO Paolo Ardoino previously dismissed the $20 billion figure as an upper limit and stressed that Tether does not urgently require new capital due to its strong financial health. The company reported over $10 billion in net profits for 2025, with excess reserves reaching $6.3 billion and total assets nearing $193 billion, while its USDT circulation grew to a record $186 billion.
(Source：Crypto Briefing)