{"id":68400,"date":"2026-04-06T09:02:50","date_gmt":"2026-04-06T02:02:50","guid":{"rendered":"https:\/\/hbbgroup.net\/tether-may-delay-fundraising-if-demand-falls-short-at-500b-valuation-report\/"},"modified":"2026-04-06T09:02:50","modified_gmt":"2026-04-06T02:02:50","slug":"tether-may-delay-fundraising-if-demand-falls-short-at-500b-valuation-report","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/tether-may-delay-fundraising-if-demand-falls-short-at-500b-valuation-report\/","title":{"rendered":"Tether may delay fundraising if demand falls short at $500B valuation: Report"},"content":{"rendered":"
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Tether is pressuring investors to commit to a fundraising round at a $500 billion valuation within the next two weeks, saying that it may delay the raise if demand falls short.<\/p>\n

The El Salvador-based firm has been seeking fresh capital since late last year but has faced resistance from investors wary of the valuation, The Information reported<\/a> Friday, citing unnamed sources. If commitments fall short of expectations, the company is likely to delay the raise.<\/p>\n

The $500 billion target would place Tether among the world\u2019s largest financial firms, exceeding every US bank except JPMorgan Chase. JPMorgan, the largest bank in the world, has<\/a> a market capitalization of about $794.55 billion, while the second-largest bank in the country, Bank of America, has<\/a> a market cap of $352.86 billion.<\/p>\n

Tether\u2019s USDt (USDT<\/a>) stablecoin, the world’s largest stablecoin, currently has a market cap of $184 billion. The company\u2019s other top products include Tether Gold (XAUt) and Tether EURt (EURt), pegged to the euro.<\/p>\n

USDt market cap. Source: <\/em>CoinMarketCap<\/em><\/a><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Stablecoin supply reaches $315B in Q1 as USDC rises, USDT declines<\/strong><\/em><\/a><\/p>\n

Tether explores fundraising<\/h2>\n

In September last year, Bloomberg reported that Tether was exploring a fundraising<\/a> round of up to $20 billion that could value the company at around $500 billion. The firm was considering raising $15 billion to $20 billion through a private placement for roughly a 3% stake, with Cantor Fitzgerald acting as lead adviser.<\/p>\n

Following the report, CEO Paolo Ardoino said<\/a> on X that the company was exploring a raise from a select group of investors to expand across \u201cexisting and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several orders of magnitude.\u201d<\/p>\n

However, in a comment to Cointelegraph in February, Ardoino denied reports that it planned<\/a> to raise up to $20 billion, saying earlier figures were hypothetical scenarios rather than an active fundraising plan. Still, he defended the $500 billion valuation, comparing the company\u2019s profits to AI platforms such as OpenAI.<\/p>\n

Cointelegraph reached out to Tether for comment, but did not get a response by publication.<\/p>\n

Related: <\/strong><\/em>Tether says \u2018Big Four\u2018 firm to handle first full audit of USDT reserves<\/strong><\/em><\/a><\/p>\n

Tether taps KPMG for first full audit od USDt<\/h2>\n

Meanwhile, Tether has reportedly hired KPMG<\/a> to conduct its first full audit of USDt\u2019s financial statements, with PwC assisting in preparing internal systems, according to the Financial Times. The move follows years of relying on reserve attestations from BDO Italia rather than a comprehensive audit.<\/p>\n

A full audit would go beyond reserve snapshots to examine assets, liabilities and internal controls across Tether\u2019s balance sheet.<\/p>\n

Magazine: <\/strong><\/em>Bitcoin may take 7 years to upgrade to post-quantum \u2014 BIP-360 co-author<\/strong><\/em><\/a><\/p>\n