Tether Seeks $500 Billion Valuation in Private Funding Round

Tether Holdings SA is reportedly in early-stage discussions to raise $15-20 billion in exchange for 3% equity, aiming for a $500 billion valuation. This would make it one of the most valuable private companies globally, challenging tech titans like OpenAI and SpaceX. Tether's financial strength, with a market capitalisation of over $172 billion, and consistent profitability provide a strong foundation for this valuation bid.