The Breakdown Tether’s Half-Trillion Dollar Valuation
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Sep 25, 2025 Tether is looking for outside investors at an eye-popping $500 billion valuation, raising questions about its implications for the crypto market. CEO Paolo Ardoino outlines plans for expansion into stablecoins and energy. The rarity of such a valuation for crypto is explored, with comparisons to industry giants. Skepticism arises due to Tether's troubled history and ongoing legal issues. Additionally, CZ's venture fund strategy is discussed, alongside SEC efforts to streamline crypto regulations. The landscape for finance could shift dramatically depending on Tether's next moves.
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Tether's Unprecedented Half-Trillion Valuation
- Tether is courting outside investors for the first time at an implied $500B valuation by selling 3% for $15–20B.
- That valuation would place Tether among the largest private companies and is unprecedented for crypto.
From Scrutiny To Institutional Acceptance
- Tether survived major legal and transparency doubts between 2019–2021 and has since reoriented into a more regulated, influential firm.
- Paolo Ardoino now meets Washington officials and plans a fully regulated US stablecoin, signaling institutional acceptance.
Why A Profitable Tether Would Still Raise
- Even profitable companies raise capital to grow and pursue new lines, and Tether's balance sheet doesn't preclude fundraising.
- Selling $20B for 3% can rapidly expand ambition across stablecoins, AI, commodities, energy, and media.