Tether CEO Confirms Targeting Up To $20B Fundraise, Valuation Could Rival Openai

2025-09-24 10:12:08

(MENAFN- AsiaNet News)

Tether, the issuer of the world's largest stablecoin USDT (USDT), is exploring a major fundraising round that could value the company on par with leading AI firm OpenAI, CEO Paolo Ardoino confirmed.

According to a report by Bloomberg, the company is targeting $15 billion to $20 billion for a roughly 3% stake through a private placement. Ardoino confirmed the fundraising plans in a post on X, saying the round targets“a selected group of high-profile investors to scale the Company's strategy across all existing and new business lines-stablecoins, distribution, AI, commodity trading, energy, communications, and media-by several orders of magnitude.”

Source: @paoloardoino/X

OpenAI's current valuation is reportedly around $500 billion, making it the world's most valuable private company-surpassing SpaceX, TikTok's parent company ByteDance, and even public firms like Palantir. If Tether's fundraising round reaches its $15 billion to $20 billion target, it could place the crypto giant on a comparable footing to OpenAI.

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Read also: Bitcoin, Ethereum Drift Lower As Crypto Market Remains Tepid – ETF Outflows Signal Pause In Institutional Demand

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