Tether in Talks for Raise That Could Value Firm at $500 Billion

Stablecoin issuer Tether is exploring a massive fundraising round that could bring in between $15 billion and $20 billion, according to a report from Bloomberg. The discussions would give new investors about a 3% stake through a private placement.

Good to Know

• Target raise: $15–20 billion with Cantor Fitzgerald advising
• Valuation could reach $500 billion at the top end, though estimates may shift
• Funds would support new ventures in AI, commodities, and energy

Sources familiar with the matter say the raise would involve fresh equity rather than current shareholders selling their stakes. Cantor Fitzgerald is leading the advisory role. Prospective investors have already received access to a data room, and the deal is expected to close before the end of the year if negotiations move forward.

At the upper range, the raise could place Tether alongside global giants such as OpenAI and SpaceX in terms of valuation. One source, however, cautioned that final numbers may come in lower.

Tether CEO Paolo Ardoino confirmed the company is weighing a raise with top investors to expand its reach:

“Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company’s strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several orders of magnitude.”

The El Salvador-based firm, already the largest stablecoin issuer by market cap, has steadily broadened its ambitions. With the potential injection of capital, Tether aims to grow its influence well beyond stablecoins into energy projects, artificial intelligence, and global communications.