Tether, a crypto firm, considers raising up to $20 billion through private placement. This could value the firm at about $500 billion. The company is evaluating a raise from key investors. Tether’s USDT stablecoin has a large market capitalization. The firm plans to launch a U.S.-based stablecoin. A former White House executive joined as strategic advisor.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets