Key Takeaways
- Tether is in early talks to raise $15–20 billion through a private share sale, a deal that could value the stablecoin issuer at about $500 billion.
- The raise would represent roughly 3% of the company via new share issuance, though the final figure may shift as negotiations continue.
- CEO Paolo Ardoino said funds would fuel growth across Tether’s stablecoin operations and ventures in AI, energy, commodities, and media.
- Tether appointed former Google executive Benjamin Habbel as Chief Business Officer to drive investments and global portfolio growth.
Tether Holdings, the company behind the world’s largest stablecoin (USDT), is seeking fresh capital that could value the firm at half a trillion dollars.
According to Bloomberg, the El Salvador-based issuer is in discussions with investors to raise between $15 billion and $20 billion through a private share sale. The fundraising involves issuing new equity representing roughly 3% of the company.
For the time being, talks remain at an early stage, and the amount raised may be lower than initially expected.
Tether Chief Executive Paolo Ardoino confirmed in a post on social media platform “X” that the company is evaluating an equity raise with a group of “high-profile key investors.”
He said the goal is to accelerate Tether’s expansion across its existing stablecoin business, as well as newer ventures spanning artificial intelligence, commodities, energy, communications, and media.
The fundraising effort coincides with a leadership change. Tether has appointed Benjamin Habbel, a former Google executive and founder of asset manager Limestone Capital, as Chief Business Officer.
In the newly created role, Habbel will steer organizational growth, oversee investments, and strengthen the company’s portfolio strategy as it broadens into technology and finance.
Tether’s portfolio already includes investments in many sectors, ranging from AI and cloud computing to Bitcoin mining and telecommunications. However, with Habbel’s appointment, the company says it is now entering its “next phase of global growth.”
Read More: Top 5 Stablecoins Every Investor Should Know
