Tether Seeks $20B Funding at $500 Billion Valuation, Dwarfing Circle

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, “by several orders of magnitude,” stated CEO Paolo Ardoino on ￰0￱ stablecoin issuer is looking to raise between $15 billion and $20 billion for a roughly 3% stake through a private placement, reported Bloomberg, citing people familiar with the ￰1￱ raise would value Tether at around $500 billion, putting it alongside tech giants like OpenAI and ￰2￱ would dwarf its closest rival, publicly traded Circle, which is worth about $30 ￰3￱ 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 to Return to The US The transaction would involve new equity rather than existing investors selling their stakes, and Cantor Fitzgerald is acting as the lead ￰4￱ El Salvador-based firm has generated massive profits from investing stablecoin reserves in US Treasurys and other cash-like ￰5￱ made $4.9 billion in the second quarter, and Ardoino claims it has a 99% profit ￰6￱ faced a lot of pushback and regulatory hurdles under the anti-crypto Biden administration, but it is furthering plans to return to the US under the new pro-crypto Trump ￰7￱ firm named a new CEO, former White House crypto official Bo Hines, for its US ￰8￱ also launched a new stablecoin for American markets called USAT, which will be regulated under the GENIUS ￰9￱ stablecoins, Tether plans to use funds for diversification into AI, commodity trading, energy, communications, and media ￰10￱ Wealth Management founder Ram Ahluwalia said , “Last year, I noted we wanted to own a slice of Tether, and got a lot of funny looks.

It’s one of the best businesses in the world.” Meanwhile, Arthur Hayes said it would spell the end for ￰11￱ up a US ￰12￱ bye ⁦ @circle ⁩ ￰13￱ — Arthur Hayes (@CryptoHayes) September 24, 2025 Tether Supply Keeps Growing The circulating supply of USDT is currently at a record high of $173 billion, giving it a market share of 56% of the total stablecoin ￰14￱ closest rival, USDC, has a supply of $74 billion, giving it a market share of 25%. Tether supply has grown 26% since the beginning of this year as stablecoin demand has surged, driven by the passage of the GENIUS Act earlier this year. Additionally, total stablecoin market capitalization is approaching a record $300 billion, according to CoinGecko.