Tethers $500 Billion Fundraising Retreat Stokes Speculation—Is an IPO Ever Coming?

Tether, issuer of the $185 billion USDT stablecoin, has dramatically scaled back its private fundraising ambitions.

It raises doubts about a potential IPO once fueled by speculation from crypto insiders like BitMEX co-founder Arthur Hayes.

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Investor Pushback Forces Tether to Reassess Funding Ambitions

Tether was initially exploring a $15–20 billion raise at a $500 billion valuation. The figure would have placed the stablecoin issuer among the world’s most valuable private…