SoftBank and ark Investment Eye Tether’s Mega Funding Round
SoftBank Group and Ark Investment Management are reportedly in talks to join Tether Holdings’ major funding round. This move could push Tether to the forefront of the crypto industry.
According to bloomberg, the funding round could value Tether at up to $500 billion. The company aims to raise $15–$20 billion, offering about 3% of its shares.
Tether plans to use the funds for expansion, focusing on AI and energy initiatives. The company recently appointed Benjamin Habbel as its new chief business officer. Habbel will oversee organizational growth and investment strategies.
Tether also announced plans for USAT, a U.S.-regulated stablecoin for American customers,set to launch by year-end. bo Hines, a former White House crypto official, will lead this project.
Tether’s CEO, Paolo Ardoino, highlighted the company’s growth on X. Daily USDT transfers now exceed $17.4 billion, a 130x increase as 2020. Ardoino stated, “Tether isn’t just a stablecoin company – it’s The Stable Company.We’re building resilient infrastructure and advancing financial sovereignty.”
