Recent reports indicate that SoftBank and Ark Invest are negotiating to participate in Tether’s upcoming fundraising round, with the stablecoin issuer targeting a $500 billion valuation.
These financial powerhouses could significantly aid Tether in achieving its ambitious objectives. The company might be preparing for a record-setting IPO soon.
Tether Aims for Major Fundraising Round
After Circle’s successful IPO a few months back, speculation has been rife about Tether planning a similar move. This week, Arthur Hayes stoked the excitement, as Tether reportedly explores a new fundraising initiative aimed at a $500 billion valuation. Today, those rumors are gaining traction.
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A report from Bloomberg confirms that Tether is in formal discussions with SoftBank and Ark Invest regarding this potential fundraising. These influential tech investors could play a critical role in helping Tether reach its $500 billion target.
Indeed, these companies may be the “key investors” CEO Paolo Ardoino hinted at earlier:
How Plausible Are These Claims?
Tether and SoftBank already collaborated this April to establish a new Bitcoin investment firm, making further partnership in this fundraising round quite likely. SoftBank’s assets reach hundreds of billions, potentially making a significant impact.
While Ark Invest is not as large, it still makes substantial investments and could be a valuable partner for Tether’s fundraising. The firm accurately anticipated Circle’s IPO months in advance and may be looking to leverage a similar opportunity with Tether.
Nevertheless, speculation remains rampant. Current reports only discuss negotiations surrounding Tether’s fundraising, and no formal actions have been taken yet.
However, with Magnificent 7 stocks being able to fluctuate by hundreds of billions in just one day, this could be an optimal moment for Tether to aim for a $500 billion valuation.
If Tether successfully executes this fundraising, it may soon proceed with an IPO, showcasing substantial corporate interest that could drive further excitement and potentially surpass Circle’s records.
Depending on various factors, this development could present a significant opportunity.
