Tether is seeing to raise $20 billion from investors, which could push its valuation close to $500 billion, ultimately putting it in the same league as tech giants like OpenAI and SpaceX.
According to a Bloomberg article published on 23 September 2025, Tether aims to sell around 3% of its stake through private deals, tarobtaining between $15 billion and $20 billion.
The deal entails fresh funding from new shares and not from existing investors cashing out. Cantor Fitzgerald, a major financial services firm based in New York City, is leading the advisory work.
If successful, this deal would mark a huge milestone for Tether. Shedding light on this new development, Tether’s CEO, Paolo Ardoino, shared on X that the company was in talks with a select group of “high-profile key investors.”
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Tether’s valuation is currently sitting pretty with a market cap of around $172 billion. For those living under a rock, Tether is the company behind USDT, the largegest dollar-linked crypto token. Its closest rival, Circle’s USDC, trails at $74 billion.
The firm creates money by investing its reserves in safe assets like the US treasuries. In July 2025, it reported a massive $4.9 billion in profit in Q2, with Ardoino claiming profit margins near 99%.
Notably, since Tether is not a public company, it doesn’t follow standard financial reporting rules.
According to Bloomberg’s article, investors interested in Tether’s latest funding round have been given access to internal data. The article further notes that the deal could potentially wrap up by the finish of the year, depfinishing on final terms.
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Tether is gearing up for a return to the US market. It’s planning a new dollar-backed token called USA₮ and has tapped Bo Hines, a former White Houtilize crypto advisor, to lead the charge.
In August, commenting on this development, Ardoino stated, “I consider it’s a very exciting moment becautilize we were under severe pressure from competitors that want to create a monopolistic environment in the United States.”
“We believe that Tether is the best product in the market,” he concluded.
The shift comes as US policy shifts in favour of stablecoins, with the GENIUS Act potentially opening the door for banks and tech firms to issue their own tokens.
Tether’s past with US regulators hasn’t been smooth. It paid a $41 million fine in 2021 over reserve disclosures and mostly kept its distance from the US until now.
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