Oklo stock tumbles as Financial Times scrutinizes valuation
Investing.com -- SoftBank Group Corp. and Ark Investment Management LLC are among potential investors in a major funding round for Tether Holdings SA, which could establish the stablecoin issuer as one of the world’s largest private companies.
The two technology financiers are in early discussions to provide capital to the world’s biggest stablecoin issuer in what would be Tether’s largest external fundraising effort to date, according to a report from Bloomberg News, citing people familiar with the matter.
The funding round could value Tether as high as $500 billion, potentially ranking it among the most valuable private companies globally. Tether is seeking between $15 billion and $20 billion in exchange for approximately 3% of the company through a private placement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.