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Tether: Bigger Than Goldman, Chasing JPMorgan?

Tether is reportedly seeking a $15–20B raise at a $500B valuation, aiming to rival Wall Street’s biggest financial institutions.
Tether: Bigger Than Goldman, Chasing JPMorgan?
Jack Inabinet Jack Inabinet
Sep 29, 2025 • 4 min read
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Tether is gunning to become one of the most valuable venture-stage companies in the world with a fresh raise that reportedly values the company on par with OpenAI.

Already the world’s largest stablecoin issuer, responsible for safeguarding more than $170B of USDT reserves, Tether is now rumored to be chasing a jaw-dropping $500B valuation, which – if completed – will mark a record-setting first for the crypto industry and make Tether the most valuable company in crypto!

Today, we’re unpacking Tether’s monumental raise and exploring how investors might support such a sky-high valuation. 👇

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Tether: Bigger Than Goldman, Chasing JPMorgan?
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Jack Inabinet

Written by Jack Inabinet

932 Articles • View all      

Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.

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