Tether's $500B Ambition: Will Stablecoins Evolve Into Worldwide Infrastructure?

Tether, the company behind the world’s largest stablecoin, has announced intentions for a significant capital raise that could push its valuation to $500 billion, putting it on par with major private tech firms like OpenAI and SpaceX. Headquartered in El Salvador, Tether is reportedly aiming to secure between $15 billion and $20 billion by selling a 3% equity stake through a private placement, according to Bloomberg and Coindesk Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ] Tether Looking to Raise Up to $20B, Bringing Its Valuation to $500B [ 2 ]. This deal would involve issuing new shares rather than selling current ones, with Cantor Fitzgerald serving as the primary advisor Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ]. CEO Paolo Ardoino confirmed the fundraising on X, stating that the funds would "significantly expand" Tether’s initiatives in stablecoins, artificial intelligence, energy, and other sectors Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ].

If successful, the $500 billion valuation would position

among the world’s most valuable privately held companies. For comparison, OpenAI’s latest funding round valued it at $300 billion, and SpaceX has achieved similar valuations. Tether’s USD Tether (USDT), which is pegged to the U.S. dollar, currently boasts a market capitalization of $172.8 billion, far exceeding its closest competitor, Circle’s , which stands at $74 billion Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ] Tether Looking to Raise Up to $20B, Bringing Its Valuation to $500B [ 2 ]. The company also posted a net profit of $4.9 billion in the second quarter of 2025, with reserves totaling $162.5 billion against $157.1 billion in liabilities Tether Looking to Raise Up to $20B, Bringing Its Valuation to $500B [ 2 ].

Ardoino pointed out Tether’s renewed focus on the U.S. market, taking advantage of the Trump administration’s favorable approach to crypto and the GENIUS Act, which streamlines stablecoin regulation. The company has also launched USAT, a U.S.-regulated stablecoin initiative led by former White House digital assets director Bo Hines Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ]. This step highlights Tether’s commitment to complying with U.S. regulations while branching into AI and energy industries.

The fundraising effort is still in its early stages, with potential investors being given access to a data room for due diligence. Although the terms may still change, the proposed $500 billion valuation marks a significant turning point for Tether. The company’s ambitious capital raise reflects the growing institutional appetite for crypto assets, as seen with firms like BitMine, which recently secured $365 million to boost its

portfolio. Tether’s capacity to draw major investors and expand its operations could further reinforce its leadership in the stablecoin sector.

Experts suggest that such a valuation could transform how stablecoins are viewed as essential infrastructure in the global financial landscape. Nonetheless, Tether still faces hurdles, including regulatory challenges and competition. Successfully completing this capital raise would not only strengthen Tether’s market standing but also affirm the increasing importance of stablecoins in international payments and digital asset markets Tether Reportedly Seeks Lofty $500-Billion Valuation in Capital Raise [ 1 ].