Tether has more bitcoins than the reserves of many countries – and still collects money

The Stabilcoin Giant Tether wants to include between $ 15 and $ 20 billion (more than $ 7 trillion) in exchange for a share of about 3%in the context of a privacy placement of a private privacy. This amount would be a huge increase in capital, even measured by the technological sector. Private shares means that the share is not sold through a public stock market, but a limited number of selected investors is offered. This is often faster and less regulated than public emissions. The enormous capital increase would increase the value of the company to around $ 500 billion to OpenAI and SpaceX. A According to Bloomberg’s information Tether would bring new shares and Cantor Fitzgerald is a leading consultant at the deal.

Tether is no longer just a crypto company

The market capitalization of Tether USDT Stabilcoin is around $ 172.8 billion, the largest among stablecoins. The largest rival, Circle, who recently entered the United States, has the second largest market capitalization as a USDC emittent, but is considerably smaller than Tether, $ 74 billion.

Shortly after Tether reported a net profit of $ 4.9 billion in the second quarter and had more than $ 162.5 billion in $ 157.1 billion. It also has around $ 8.9 billion in bitcoins. The capital increase is still negotiations, and it is likely that the amount of the final involvement and increase will be considerably lower. According to information, potential investors have gained access to a data space in recent weeks to prepare for business.

The Capital Story Plan indicates that Tether not only wants to position itself as a crypto company, but also as one of the most important players in the global financial and technological sector. CEO Paolo Ardoino has stated that the capital will be used to expand its activities in new companies, including in AI, energy, mining and communication sectors. Otherwise, a successful increase in capital can strengthen the role of stablecoins in the global digital financial infrastructure and attract more institutional and national investors.