Tether targets $500bn valuation with $20bn private funding round
Deal would make crypto operator one of world’s most valuable privately owned companies
Deal would make crypto operator one of world’s most valuable privately owned companies

One of crypto’s biggest players has grand plans to deploy its large profits

CEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raise

Plus, a lawsuit from billionaire Patrick Drahi takes up the novel antitrust theory roiling credit stand-offs

Stablecoin group holds more bullion than many central banks and is one of biggest winners from blistering rally

New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs

New group established as London seeks to revive capital markets and Trump administration embraces crypto industry