Key Takeaways:
- Tether is reportedly seeking up to $20 billion in a private funding round that could value the company at $500 billion.
- Despite internal statements denying fundraising plans, the firm posted $4.9 billion in Q2 profit and dominates the stablecoin market with a 56% share.
- Cantor Fitzgerald is advising the potential deal, which, if completed, would make Tether one of the most valuable private firms globally.
Tether Holdings, the issuer of the world’s largest stablecoin, is reportedly exploring a fundraising round that could value the company at an unprecedented $500 billion.
According to Bloomberg, Tether is in early talks to raise between $15 billion and $20 billion through a private placement, equivalent to about 3% of the firm’s equity, with Cantor Fitzgerald serving as lead adviser.
Tether, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20 billion, a deal that could propel the crypto firm into the highest ranks of the world’s most valuable private companies https://t.co/34rx0HGO3T
— Bloomberg (@business) September 23, 2025
Such a valuation would place Tether among the most valuable private firms globally, alongside names like OpenAI.
Despite its relatively low public profile, Tether has become a financial powerhouse.
In the second quarter of 2025 alone, it generated $4.9 billion in profit, bringing its year-to-date total to $5.7 billion – making it one of the most profitable companies on a per-employee basis.
Still, there are mixed signals: Bo Hines, CEO of Tether USAT, stated at a Seoul conference that there were no immediate fundraising plans.
Tether’s USDt continues to dominate the stablecoin market with a $172.8 billion market cap, representing 56% of the $307.2 billion sector.
With stablecoin adoption expanding globally, competitors like Circle are also gaining ground, recently pushing USDC’s valuation near $33 billion.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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