Tether Targets $500B Valuation With $20B Crypto Raise, Rivals OpenAI and SpaceX

Tether Targets $500 Billion Valuation

According to Bloomberg, Tether Holdings, the company behind USDT—the world’s largest stablecoin—is preparing to raise $15–20 billion through a private placement. If successful, the deal could give Tether a valuation of $500 billion, placing it alongside global tech giants such as OpenAI and SpaceX.

Significance for the Stablecoin Market

Sources said Tether is expected to sell around 3% of its shares. Although discussions are still in the early stages and the terms may change, this move highlights the growing importance of stablecoins in the global financial system—especially as the U.S. regulatory environment becomes increasingly favorable.

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Policy Support and Strategic Moves

This development follows the passage of the Genius Act, which legalized the issuance and trading of stablecoins. Shortly after, CEO Paolo Ardoino revealed plans to launch USAT, a U.S.-specific stablecoin. Tether also appointed Bo Hines, former executive director of the White House’s digital assets working group, as CEO of the new project.

Comparison With Circle and Rivals

Earlier this year, competitor Circle successfully went public on the New York Stock Exchange with a valuation of over $30 billion. Yet, Circle remains small compared to Tether, which currently has a market cap of $172 billion, more than double Circle’s value. If Tether reaches the $500 billion milestone, it would rank among the largest global tech-finance companies.

Impressive Financial Performance

According to its mid-year 2025 report, Tether issued $20 billion in USDT and generated a net profit of $5.7 billion, including $4.9 billion in Q2 alone. The company also holds a variety of reserve assets, including Bitcoin and gold, strengthening its financial stability.

Conclusion

With its plan to raise $20 billion and target a $500 billion valuation, Tether is reinforcing its dominance in the stablecoin market. If successful, this would mark a historic milestone—elevating Tether into the ranks of global tech giants while solidifying its influence across both traditional finance and blockchain.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.