Tether Seeks $20B in New Funding, Valuation Set to Reach $500B, Says Bloomberg

Tether Explores $15–20B Private Placement, Valuation Could Hit $500B

Tether is reportedly considering a private placement to raise between $15 billion and $20 billion by selling roughly a 3% stake in the company, according to sources cited by Bloomberg.

The move would value the stablecoin issuer at about $500 billion, putting it alongside major tech players like OpenAI and SpaceX. Tether plans to issue new equity, with Cantor Fitzgerald serving as the lead adviser.

USDT remains the largest stablecoin, with a market capitalization of $172.8 billion. Circle’s USDC, which recently went public in the U.S., has a market cap of $74 billion, according to CoinMarketCap.

The fundraising comes after Tether reported $4.9 billion in net profit in Q2 2025 and maintains over $162.5 billion in reserves against $157.1 billion in liabilities, including approximately $8.9 billion in bitcoin.

Sources emphasized that the discussions are in early stages and the final numbers could be lower. Prospective investors have been given access to a data room over the past few weeks to review the opportunity.

Tether has not commented publicly on the potential raise.