Post #24989

According to FT, Tether has scaled back its planned $15–20bn fundraising after investor pushback over a $500bn valuation, with advisers now discussing a raise as small as $5bn. CEO Paolo Ardoino said the larger figure was only a maximum the company was willing to sell and that Tether would be comfortable not raising capital at all. The firm made about $10bn in profit last year, mainly from USDT reserve returns. https://x.com/wublockchain/status/2018919272786079847