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Tether Holdings SA, the issuer of the world\u2019s largest stablecoin, is reportedly in talks with investors to raise as much as $20 billion in new capital, a deal that could propel the firm into the ranks of the world\u2019s most valuable private companies.<\/p>\n
According to people familiar with the discussions, Tether is seeking between $15 billion and $20 billion in exchange for roughly a 3% stake through a private placement.\u00a0<\/p>\n
That would imply a valuation near $500 billion, putting the company in the same league as SpaceX and OpenAI.\u00a0<\/p>\n
Talks remain in the early stages and details may shift before any deal closes, according<\/a> to Bloomberg reporting.<\/p>\n Cantor Fitzgerald is said to be advising on the transaction, which would involve new equity rather than existing shareholders selling their stakes.\u00a0<\/p>\n The fundraising effort comes as Tether has steadily expanded beyond stablecoin issuance, building itself into a broader reserve-backed financial powerhouse.<\/p>\n Earlier this year, CEO Paolo Ardoino revealed that Tether now holds over<\/a> 100,000 BTC \u2014 worth more than $11 billion \u2014 alongside more than 50 tons of gold as part of its reserves.<\/p>\n Those holdings make Tether one of the largest corporate owners of Bitcoin globally, a fact that further ties the fate of its business to the world\u2019s leading digital asset.<\/p>\n Earlier this year, the company also began minting its stablecoin on the Bitcoin Lightning Network.\u00a0<\/p>\n Tether announced<\/a> it will launch its stablecoin on RGB<\/a>, a next-generation protocol that enables native stablecoin issuance directly on Bitcoin. This move made Tether more Bitcoin-native, underscoring its bet on Bitcoin as the base for everyday global money.<\/p>\n The company has reaped massive profits by investing its reserves into U.S. Treasuries and other cash-like instruments, booking<\/a> $4.9 billion in profit during the second quarter alone.\u00a0<\/p>\nTether and Bitcoin\u2019s relationship<\/h2>\n