Stablecoin Issuer Tether Seeks Half-Trillion Valuation In Ambitious Capital Raise

Tether Holdings is in talks with investors to raise as much as $20b, a deal that could value the stablecoin issuer near $500b and place it among the world’s most valuable private ￰0￱ firm is seeking between $15b and $20b through a private placement for about a 3% stake, Bloomberg reported ￰1￱ transaction would reportedly involve new equity, not secondary sales by existing ￰2￱ Fitzgerald is acting as lead adviser on the process. A valuation near half a trillion dollars would place Tether alongside companies such as OpenAI and SpaceX, an extraordinary mark for a lightly regulated crypto business, even as rivals expand and lower US interest rates threaten its windfall earnings.

Circle, the closest public peer in stablecoins, was valued near $30b on Tuesday ￰3￱ didn’t respond to Cryptonews’ request for comment by press time. However, CEO Paolo Ardoino wrote on X that the company is evaluating a raise from a selected group of “high-profile key investors.” Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company's strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several… — Paolo Ardoino (@paoloardoino) September 24, 2025 Tether Monetizes Reserves While Maintaining Market Lead In Dollar-Pegged Tokens Tether issues USDT , the largest dollar-pegged token, with a market value around $172b.

USDC from Circle ranks second at about $74b. The company earns yield by parking reserves in cash like assets, including US ￰4￱ reported $4.9b in profit for the second quarter in ￰5￱ executive Paolo Ardoino has said profit margins are about 99%. These figures are not subject to the reporting standards required of public ￰6￱ investors have been granted data room access in recent weeks to assess the ￰7￱ reported the fundraising plans are expected to close by year end, depending on final terms and ￰8￱ Room Opens As Investors Weigh Governance, Policy Risks And Growth Plan The fundraise comes as Tether lays groundwork to return to the ￰9￱ company has outlined a plan for a US-regulated stablecoin and appointed Bo Hines, a former White House crypto official, to lead the ￰10￱ this month, Tether announced USA₮ , a dollar backed token intended to strengthen the role of the US dollar in digital ￰11￱ push follows a shift in the US policy climate, with the GENIUS Act expected to expand the role of stablecoins and potentially allow banks, card networks and technology firms to issue their own ￰12￱ has a history of run-ins with US ￰13￱ 2021, it paid a $41m fine to settle allegations that it misrepresented ￰14￱ firm had largely stayed out of the US before a recent change in tone toward crypto policy.

A successful raise would give Tether deep capital to defend market share and invest across infrastructure, compliance and ￰15￱ would also test investor appetite for private crypto champions at a time when rates are easing and yield on reserves may moderate, a shift that could weigh on future earnings.