- Tether clarifies that there was no active $15–$20B fundraising target in place.
- The cited figures reflected hypothetical maximum scenarios, not firm plans.
- CEO Paolo Ardoino says Tether is profitable and doesn’t need capital.
Tether, the world’s leading stablecoin issuer, has clarified reports surrounding its previously discussed fundraising figures, stating that there was no active $15–$20 billion capital raise target.
Tether Responds to Fundraising Speculation
Reports previously referenced figures in the $15–$20 billion range, alongside internal valuation discussions that placed the company near $500 billion. However, according to Tether’s official statement, those numbers were discussed as hypothetical maximum scenarios rather than a defined capital raising plan.
The company emphasized that it is growing organically and does not need to raise external capital to operate or expand. Tether reported approximately $10 billion in profit last year, largely driven by returns generated from its USDT reserves.
What Tether CEO Thinks
According to reports, Tether’s advisers had explored potential fundraising discussions within the $15–$20 billion range. However, CEO Paolo Ardoino has maintained that these figures were never formal targets and that Tether would be comfortable not raising capital at all.
Ardoino has reiterated that Tether remains highly profitable and selective about any potential equity discussions. The Tether Chief Executive further compared the firm with AI companies valued significantly higher than the $500 billion target, even though they run on negative balance sheets.
Tether stated that any discussions with investors are guided by long-term strategic alignment rather than urgency or the pursuit of the largest possible raise.
In the meantime, Tether has reportedly engaged Cantor Fitzgerald to assist with potential strategic discussions. No official capital raise has been confirmed, and the company maintains that it does not require external funding to sustain its growth.
Related:Tether Targets $20B Raise at $500B Valuation, Expansion Beyond Crypto Planned
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