Wu Blockchain (@WuBlockchain): According to FT, Tether has scaled back its planned $15–20bn fundraising after investor pushback over a $500bn valuation, with advisers now discussing…
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- USDT-20Negative
According to FT, Tether has scaled back its planned $15–20bn fundraising after investor pushback over a $500bn valuation, with advisers now discussing a raise as small as $5bn. CEO Paolo Ardoino said the larger figure was only a maximum the company was willing to sell and that Tether would be comfortable not raising capital at all. The firm made about $10bn in profit last year, mainly from USDT reserve returns. https://www.ft.com/content/3f7f0306-4bc2-43e1-8370-ea251229e5b6