Tether Considers Delaying $500B Valuation Fundraising Amid Investor Hesitation

Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, but may delay the raise if demand falls short. The valuation would place the stablecoin issuer among the world's largest financial firms.

• Tether is seeking a $500 billion valuation in its fundraising round but may delay if demand is insufficient.
• The valuation would place Tether among the world's largest financial firms, just behind JPMorgan Chase.
• Tether's USDt stablecoin has a current market cap of $184 billion.
• The company previously explored raising $15 billion to $20 billion for a 3% stake, with Cantor Fitzgerald as lead adviser.
• CEO Paolo Ardino denied recent $20 billion raise reports, calling earlier figures hypothetical.
• Tether has hired KPMG for its first full audit of USDt’s financial statements, with PwC assisting in preparations.