Tether Is Ramping Up Fundraising Efforts From Major Investors Amid IPO Buzz

According to recent reports, SoftBank and Ark Invest are in talks about joining Tether’s impending fundraising round. The stablecoin issuer aims to reach a $500 billion valuation.

These financial giants could contribute substantial progress to Tether’s ambitious goals. The firm could be poised to launch a record-breaking IPO in the near future.

Since Circle had its massively successful IPO a few months ago, there have been persistent rumors that Tether is planning one too. Earlier this week, Arthur Hayes fueled the hype as Tether reportedly considered a new fundraising round, aiming at a $500 billion valuation. Today, these rumors are looking more true.

According to a report from Bloomberg, Tether is engaging in official talks with SoftBank and Ark Investment about this potential fundraising round. These high-profile tech financiers have a lot of sway in the markets, and could help make the $500 billion goal a reality.

Indeed, these firms may be the “key investors” that CEO Paolo Ardoino recently alluded to:

Tether is evaluating a raise from a selected group of high-profile key investors, to maximize the scale of the Company's strategy across all existing and new business lines (stablecoins, distribution ubiquity, AI, commodity trading, energy, communications, media) by several…