Stablecoin giant said to be in talks to raise up to $20 billion in equity financing
Tether, the world’s largest stablecoin issuer, is reportedly seeking a valuation of around $500 billion in a new fundraising round that could cement its place among the most valuable private companies globally.
Talks with investors for multi-billion raise
According to sources cited in a Bloomberg report, Tether is in discussions with investors to raise between $15 billion and $20 billion for roughly 3% of the company. If successful, the transaction would rank Tether alongside tech giants such as OpenAI and SpaceX in terms of private market valuation.
The deal is said to involve new equity rather than existing shareholders selling their stakes. Cantor Fitzgerald, which reportedly holds a 5% ownership in Tether, is advising on the process. At the targeted valuation, Cantor’s stake would soar to an estimated $25 billion, compared with about $600 million last year.
Tether’s dominance in stablecoins
Headquartered in El Salvador, Tether oversees a circulating supply of $172 billion in USDT, making it the largest stablecoin by market capitalization. Earlier this year, the company announced plans for a new USD-pegged stablecoin tailored for the U.S. market, though its leadership insisted at the time that no fundraising plans were underway.
The firm’s profitability has been a key driver of its expansion. In the second quarter of 2025, Tether reported a net profit of $4.9 billion, positioning it as one of the most profitable companies in the cryptocurrency sector.
Competitive landscape
If the reported valuation materializes, Tether would significantly outpace its closest rival, Circle Internet Group, issuer of the USDC stablecoin. Circle, which recently went public, has a token supply of about $74 billion and a market valuation of $30 billion.
While one source cautioned that the fundraising targets may represent top-end estimates and could ultimately be lower, the move highlights the scale of investor demand for digital asset infrastructure.
A successful raise would mark a watershed moment for Tether, placing the stablecoin issuer in the upper echelon of global finance and further cementing its dominance in the crypto economy.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.