Tether’s $20B Quest: SoftBank & Ark Jump In!

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In the busy bazaar of numbers, Tether-the issuer behind the world’s most famous stablecoin-sniffs at the door for more capital, hoping to grow a bit more wings. SoftBank Group and Ark Investment Management are peering through the window, waving dramatically, though no one has actually signed the magical papyrus yet. 😏🪙

As Bloomberg reported on Friday, these high-profile backers are among those in early discussions as Tether seeks fresh capital to spread its tentacles across the globe. 🕵️‍♂️🌍

Tether Targets Record-Breaking Valuation

Tether is nudging to raise between $15 billion and $20 billion by selling roughly 3% of the business in a private deal. If the ink dries, the tally could push the valuation toward $500 billion-putting it in the same league as OpenAI and other tech behemoths. Talk about a punchy number to pin on a pocket protector. 💼💥

The deal is being shepherded by Cantor Fitzgerald from New York, a bank with a long shelf of ledgers, and now with Howard Lutnick allegedly serving as U.S. Commerce Secretary. Yes, numbers are surreal enough to make reality blink. 🏛️🤹‍♂️

Bloomberg noted earlier in the week that Tether’s plan could become one of the biggest crypto funding spectacles ever attempted. 🍿💸

Stablecoin Giant Expands Its Reach

Tether remains the largest player in the stablecoin market. Its flagship token, USDT, is pegged to the dollar and is widely used for trading and shuttling funds around the crypto cosmos without leaning on banks for portering. 🚂💶

According to CoinGecko, USDT sits with a market value around $173 billion, making it the largest stablecoin currently afloat in the pool. 🐟💰

The El Salvador-based company has also dabbled in other sectors including artificial intelligence, cloud computing, telecommunications, and even real estate-because apparently one can never have too many pillows on a throne. 🏰🤖🧱

SoftBank, led by Masayoshi Son, has a storied habit of betting on new tech-chips, AI, and self-driving cars among the usual suspects. The firm has lately widened its crypto flirtations. Ark Invest, steered by Cathie Wood, has also bolstered its digital asset basket, having previously invested in Circle, a direct rival to Tether. 🧭🔮

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2025-09-26 23:49