Tether Holdings SA, the issuer of the world’s largest stablecoin, USDT, is in discussions to raise up to $20 billion through a private placement. This move could value the El Salvador-based company at approximately $500 billion, positioning it among the most valuable private companies globally, alongside OpenAI.
Key Details
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Funding Round: Tether aims to sell a 3% equity stake, seeking between $15 billion and $20 billion. Cantor Fitzgerald is reportedly serving as the lead adviser for the transaction.
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Strategic Adviser Appointment: In August 2025, Tether appointed Bo Hines, a former White House crypto policy executive, as a strategic adviser to support its growth in the U.S. market.
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Financial Position: As of June 30, 2025, Tether’s total assets exceeded $162.57 billion, with liabilities of $157.11 billion, according to its Q2 2025 attestation verified by BDO, a top-five global accounting firm.
Implications
If successful, this funding round would significantly enhance Tether’s financial position, enabling further expansion and solidifying its dominance in the stablecoin market. The move also underscores the growing institutional interest in digital assets and the increasing integration of cryptocurrencies into traditional financial systems.
