The DeFi Report - Sponsor Image The DeFi Report - Industry-leading crypto research trusted by finance pros. Friend & Sponsor Learn more

SoftBank and Ark Eye Stake in Tether at $500B Valuation: Bloomberg

Tether is reportedly entertaining talks with SoftBank and Ark Invest on a funding round that will value it at $500B.
SoftBank and Ark Eye Stake in Tether at $500B Valuation: Bloomberg
Listen
1
0
0:00 0:00

Subscribe to Bankless or sign in

Crypto stablecoin issuer Tether Tether is in discussions with SoftBank Group Corp. and Ark Investment Management about a fresh funding round that would cement its position among the globe’s most valuable private firms, Bloomberg reported Friday.

What’s the Scoop?

  • Big-Name Investors: Japanese financial conglomerate SoftBank and Cathie Wood’s Ark Invest are in early-stage talks to participate in the raise, according to people familiar with the matter.
  • Fundraising Size: Tether is seeking between $15B–$20B in fresh capital through a private placement offer in exchange for roughly 3% of company equity.
  • Sky-High Valuation: If completed, the deal would value Tether at $500B, placing it in the same tier as venture giants like SpaceX and OpenAI.

Bankless

Written by Bankless

758 Articles View all      

It’s time to break up with your bank, and join the movement for a better world.

No Responses
Search Bankless