Tether CEO Envisions Unlimited Growth Potential as 'Once-in-a-Century Company'

Tether CEO Paolo Ardoino has stated that Tether is a "once-in-a-century company" with unlimited growth potential. He believes that the company has only reached 0.25 out of a scale of 0 to 100 and has a lot of room for innovation and disruption. Ardoino emphasizes that Tether has the potential to construct and disrupt much more in the future.

Tether, the issuer of the USDT stablecoin, has recently embarked on an ambitious fundraising campaign, seeking between $15 billion and $20 billion in fresh capital. The company aims to sell roughly 3% of its equity, which could potentially value the firm at nearly $500 billion Tether Reportedly Raising $15B–$20B for 3% Stake^[2]. This move comes amidst a strong financial performance, with Tether reporting profits of $4.9 billion in the second quarter alone Tether Reportedly Raising $15B–$20B for 3% Stake^[2]. The fundraising is led by Cantor Fitzgerald, with investors having access to data rooms to review financial and policy details Tether Reportedly Raising $15B–$20B for 3% Stake^[2].

Tether's CEO, Paolo Ardoino, has described the company as a "once-in-a-century company" with unlimited growth potential . He believes that Tether has only reached 0.25 out of a scale of 0 to 100 and has significant room for innovation and disruption. Ardoino emphasizes that Tether has the potential to construct and disrupt much more in the future .

The fundraising effort is part of Tether's broader strategy to consolidate its position as the dominant player in the stablecoin space. The company currently issues the world's largest stablecoin, with a circulating supply of over $120 billion Tether Reportedly Raising $15B–$20B for 3% Stake^[2]. This scale has given Tether a central role in global digital finance, but it is also facing questions around transparency, oversight, and regulatory alignment Tether Reportedly Raising $15B–$20B for 3% Stake^[2].

Tether's efforts to raise funds and expand its market presence come as the stablecoin industry faces increased regulatory scrutiny. The company has recently hired Bo Hines, a former White House crypto official, to lead its project to enter the US market with a new dollar-backed token called USA$ (or USA₮) Tether Reportedly Raising $15B–$20B for 3% Stake^[2]. This initiative comes as conditions in Washington are changing, with the GENIUS Act set to expand the role of stablecoins Tether Reportedly Raising $15B–$20B for 3% Stake^[2].

If successful, Tether's fundraising could be one of the largest capital raises ever witnessed in the crypto industry. However, the deal's success will depend on prospective investors balancing Tether's swift growth in profits with potential regulatory risks and governance challenges Tether Reportedly Raising $15B–$20B for 3% Stake^[2]. The outcome of this process may also determine the broader stablecoin industry's future, potentially spurring more investment in the digital asset infrastructure or underscoring investor caution Tether Reportedly Raising $15B–$20B for 3% Stake^[2].