A significant contradiction has emerged around Tether’s financial strategy. A Bloomberg report claims the company is actively seeking to raise $20 billion at a $500 billion valuation, yet just weeks ago, Tether’s US CEO, Bo Hines, explicitly stated the firm “has no plans to raise money.”
According to the report, which cites anonymous sources, the talks aim to sell a 3% new equity stake. This potential move would elevate Tether to the upper echelon of private companies.
The company, which has not commented on the report, recently announced plans to launch a new stablecoin for the US market, even as its leadership publicly denies seeking capital.
