Tether Eyes Staggering $500 Billion Valuation Amid Aggressive US Expansion Tether, the dominant force in the stablecoin market, is reportedly seeking to raise a substantial $15 billion to $20 billion through a private placement. This ambitious fundraising round could catapult the company's valuation to an astonishing $500 billion, positioning it among the world's most valuable private enterprises, on par with industry titans like OpenAI.
Strategic US Market Push
Despite historical regulatory scrutiny and past controversies, Tether is now setting its sights squarely on expanding its footprint in the United States. Recent months have seen significant strategic moves aimed at bolstering its US operations, particularly as the regulatory landscape appears to be shifting towards a more crypto-friendly stance under a potential Donald Trump presidency. This strategic pivot signals a strong intent to integrate deeper into the American financial system.
New Leadership and Compliance Initiatives
As part of its US expansion, Tether has appointed Bo Hines, a former White House crypto advisor under President Trump, as CEO of its newly established US division. Concurrently, the company launched "USDT," a new dollar-pegged stablecoin tailored for businesses and institutions. This new offering is designed to strictly adhere to the GENIUS Act, the nation's inaugural stablecoin bill signed into law by President Trump. Tether's CEO, Paolo Ardoino, emphasized the company's decade-long commitment to delivering "trust, resilience, and freedom on a global scale" through digital assets, underscoring its dedication to compliance and growth within the American market.
