Tether aims to raise between 15 and 20 billion dollars through a private placement led by Cantor Fitzgerald, targeting a valuation of 500 billion dollars.
The company shows a record profitability with 4.9 billion dollars in net profits in Q2 2025 and 162.5 billion in reserves, including 8.9 billion in bitcoin.
USDT dominates the stablecoin market with a market capitalization of 172.8 billion, more than double that of Circle’s USDC.
A groundbreaking fundraising for Tether
The leading stablecoin provider is making a move that could reshape the crypto market landscape. According to Bloomberg, Tether is seeking to raise between 15 and 20 billion dollars through a private placement representing about 3% of its capital. The result: an astronomical valuation of 500 billion dollars, on par with tech giants like OpenAI or SpaceX. Cantor Fitzgerald, a strategic partner of the company, is overseeing the operation.
Tether, cash machine of the sector
Behind this project lies a truth: Tether is an extremely profitable company. In the second quarter of 2025, it generated 4.9 billion dollars in net profits. Its balance sheet shows 162.5 billion dollars in reserves against 157.1 billion in liabilities. In other words, a safety margin that reinforces its credibility in the face of skeptics. Also noteworthy: nearly 8.9 billion dollars of reserves are held in bitcoin, demonstrating its hybrid asset allocation strategy between traditional and crypto assets.
The overwhelming dominance of USDT
USDT remains the undisputed king of stablecoins. Its market capitalization stands at around 172.8 billion dollars, over twice that of its direct competitor, Circle’s USDC, valued at 74 billion. This dominance is attributed to massive adoption on exchange platforms and in DeFi. For investors, betting on Tether is akin to betting on the central infrastructure of the crypto market.
An operation still uncertain
Discussions are in preliminary stages. The amounts could be revised downwards, and several potential investors have only recently had access to the initial financial data through a data room in recent weeks. Nevertheless, even if partially realized, such a fundraising would solidify Tether as one of the most valued companies on the planet, across all industries.
A valuation of 500 billion dollars would make Tether a player comparable to tech giants, but also a behemoth capable of exerting even greater influence on the global finance. It’s not just a fundraising. It’s a show of strength that places the issuer of USDT at the heart of the future of digital finance.
