Tether Scales Back $20B Funding Push After Investor Resistance: Report

In brief

• Tether has scaled back plans for a $15-$20 billion raise after investor pushback, with advisers now discussing as little as $5 billion.
• CEO Paolo Ardoino says the company is highly profitable and insiders are reluctant to sell equity, limiting how much could be raised.
• The pullback reflects valuation sensitivity, regulatory uncertainty, and lingering questions around institutional legitimacy, observers told Decrypt.