Tether floats $5 billion raise after investor pushback on $500 billion valuation target: FT
Tether advisors have floated a $5 billion raise, down from $20 billion, after investor resistance to a $500 billion valuation, per the FT.
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Tether advisors have floated a $5 billion raise, down from $20 billion, after investor resistance to a $500 billion valuation, per the FT.
Advisers are now discussing a smaller fundraising of roughly $5 billion, as prospective backers question both the size of the deal and Tether’s lofty valuation.
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