The CEO of Tether confirms the increase in major capital with a value of $ 500 billion

Tether, exporting the largest Stablecoin in the world, has evaluated a major fundraising tour, and the CEO of Paolo Ardoino confirmed in a deal that could put the value of Crypto on an equal footing with Openai.

Al Salvador, which is taken from Salvador, is looking for between 15 billion dollars and 20 billion dollars for approximately 3 % stake through a special situation, according to Wednesday. a report From Bloomberg News, quoting two people familiar with this issue.

Soon after this report, Erdino confirmed plans to collect donations on The official x accountSaying that Tether was “an assessment of an increase from a selection of prominent major investors.”

He added that the money “will increase the scale” of the Tether strategy via current and new business lines through “several orders in size.” These lines include stablecoins, distribution everywhere, artificial intelligence, commodity trading, energy, communications and media.

The sources told Bloomberg that the transaction will include new royal rights instead of the current investors who sell their shares.

The report said that a person close to the matter warned that the talks are early, which means that the final details, including the size of the show, could change.

However, the deal can eventually estimate the rope at about $ 500 billion, according to the report. This means that the Crypto Giant’s evaluation would compete with some of the largest private companies in the world, including Spacex and Openai. Openai’s A tour of the fundraising earlier this year The technology company is estimated at $ 300 billion.

Tether, who was one day accused of as a “encrypted currency” of the criminal, is strengthening its plans to return to the United States in recent months, given the position of President Donald Trump, supporting profit. The company appointed, earlier this month, CEO of its American company and Companies and institutions in the United States are called USAT, which will be organized in the United States under the law of genius.

Stablecoin USDT (USDT) It is linked to the US dollar to the market cover that recently exceeded $ 172 billion. In second place is Tether’s competitor circle Usdc Stablecoin, which is worth about $ 74 billion.