Catenaa, Saturday, October 04, 2025- Stablecoin issuer Tether is reportedly in early discussions to raise up to $20 billion in a funding round, potentially attracting SoftBank and Cathie Wood’s Ark Investment as backers, Bloomberg sources said.
The round could value the company at roughly $500 billion, positioning Tether among the world’s most valuable private firms.
The discussions mark Tether’s largest pursuit of external capital to date. Cantor Fitzgerald, reportedly a Tether shareholder, is advising on the potential deal.
While sources indicate interest from major technology financiers, Tether executives have previously emphasized that the company “has no plans to raise money,” including statements by Bo Hines, CEO of Tether’s newly formed U.S. unit.
Tether, headquartered in El Salvador, issues USDT, the world’s largest stablecoin, with a supply exceeding $173 billion. The firm has recently announced plans to launch a USD-pegged stablecoin tailored to the US market.
Tether, SoftBank, and Cantor Fitzgerald also partner in Bitcoin treasury firm Twenty One Capital, which launched with $3.6 billion in bitcoin, ranking among the largest corporate bitcoin holdings globally.
Analysts note that leaks of potential deals are often used to gauge investor sentiment and market reactions. If completed, Tether’s funding round could rival high-profile private companies such as OpenAI and SpaceX, further solidifying its position in the digital asset ecosystem.
Tether may raise $20B with SoftBank and Ark as potential investors, valuing the stablecoin firm near $500B amid U.S. market expansion plans.
