Tether Aims for $20 Billion Stake to Reach $500 Billion Valuation Alongside OpenAI and SpaceX

Tether (USDT), recognized as the world’s largest stablecoin by market cap, is reportedly in the process of securing between $15 billion and $20 billion via a private placement, offering a 3% equity stake and valuing the company at around $500 billion. This would put

on the same level as major tech firms such as OpenAI and SpaceX. According to Bloomberg, which cited anonymous sources, the initiative is still in its early phases, with potential backers being given access to a data room to review details of the transaction Tether Looking to Raise Upto $20B, Bringing its Valuation to … [ 1 ]. Cantor Fitzgerald is acting as the primary adviser for this capital raise Tether Looking to Raise Upto $20B, Bringing its Valuation to … [ 1 ].

Tether’s financial results help justify this lofty valuation. In the second quarter of 2025, Tether posted a net income of $4.9 billion, with total assets surpassing $162.5 billion and liabilities at $157.1 billion. The company’s exposure to U.S. Treasuries stands at $127 billion—$105.5 billion in direct holdings and $21.3 billion indirectly—along with $8.9 billion in

reserves Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ]. These numbers, verified by leading accounting firm BDO, demonstrate Tether’s strong liquidity and financial health. The company also reported that shareholder equity remains steady at $5.47 billion, supporting its ongoing stability Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ].

This fundraising initiative highlights Tether’s ambition to strengthen its presence in the global digital asset landscape. The supply of USDT in circulation has reached $157 billion, up $20 billion since the start of the year, reflecting its essential role in cross-border payments, remittances, and DeFi applications. CEO Paolo Ardoino stated that the company is “driving global demand” for stablecoins, using its reserves and disciplined operations to uphold confidence amid market turbulence Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ]. The valuation also coincides with regulatory shifts, such as the U.S. GENIUS Act, which seeks to establish guidelines for digital dollar innovation Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ].

Industry experts see the capital raise as a turning point for both Tether and the broader stablecoin market. Achieving a $500 billion valuation would mark a dramatic increase from USDT’s current $172.8 billion market cap for

alone. Still, Bloomberg noted that the final fundraising amount could be revised downward before completion Tether Looking to Raise Upto $20B, Bringing its Valuation to … [ 1 ]. The development also intensifies competition with other stablecoins, such as , which currently has a $74 billion market cap. Tether’s leading position is further supported by its reinvestment approach, including $4 billion directed toward U.S.-based ventures like XXI Capital and Rumble, indicating a broader move into new technologies Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ].

This funding round underscores the expanding significance of stablecoins in connecting traditional finance with blockchain networks. With USDT now used in over 150 countries for trade and remittances, Tether’s growth could further boost adoption in areas with limited access to banking. Nevertheless, the company’s heavy investment in U.S. Treasuries and the lack of transparency around its reserves have long attracted regulatory attention. The latest attestation, while reassuring, does not cover proprietary investments in sectors like artificial intelligence or renewable energy, which are separate from the assets backing its tokens Tether Issues $20B in USD₮ YTD, Becomes One of Largest U.S. Debt Holders with $127B in Treasuries, Net Profit ~$4.9B in Q2 2025 Attestation Report [ 2 ].