Tether Prepares for Massive Fundraising Round
Stablecoin giant Tether is in negotiations to raise between $15 and $20 billion in a funding round that would value the company at nearly $500 billion. This impressive amount would put Tether on par with leading technology companies like OpenAI or SpaceX.
According to CEO Paolo Ardoino, Tether is exploring capital raising opportunities with renowned investors to significantly accelerate the deployment of its strategy in both existing and new areas. These include stablecoins, global distribution, artificial intelligence, commodity trading, energy, communications, and media.
Some observers question this fundraising effort considering Tether generated nearly $5 billion in profits in the second quarter of 2025. Two explanations are offered : first, these $15 to $20 billion would allow faster investment over 3 to 4 quarters; second, it would provide current shareholders the opportunity to secure a portion of their capital.
The Undisputed Stablecoin Leader
Tether is best known for its stablecoins, cryptocurrencies backed by traditional currencies. With a market capitalization of approximately $172 billion, its USDT token pegged to the US dollar dominates the market. It is nearly 2.3 times larger than the second-largest player, Circle’s USDC, valued at $74 billion.
This success is explained by Tether’s strategy of investing its stablecoin reserves in US Treasury bonds, generating high interest returns in recent years. The group reported profits of $4.9 billion in the second quarter of 2025, with a profit margin of 99%. This fuels further ambitions in crypto assets, as Tether reinvests 15% of its profits in Bitcoin.
