Tether Plays Down $20B Funding Figure After Investor Backlash
Tether's leadership has publicly softened a reported $20 billion funding figure following investor resistance to an internal plan that sought a roughly $500 billion valuation, according to the Financial Times. Investors' pushback reflects doubts about whether the market and regulatory environment can justify such an aggressive pricing for the world’s largest stablecoin issuer.
The development matters because it signals heightened scrutiny from backers and could force Tether to recalibrate its fundraising strategy amid ongoing regulatory pressure on stablecoins. Any perceived overreach in valuation or opaque fundraising plans could affect market confidence and liquidity for USDT. Market participants will be watching for formal filings or revised targets as negotiations with investors continue and Tether attempts to manage expectations.