Tether is in talks with investors to raise as much as US$20 billion through a private placement

Another person involved in the process cautioned that those are top-end targets and eventual numbers could be significantly lower. Talks are in early stages and details of the proposed investment may change, according to the people, who were not authorised to speak publicly.

What’s the hype about stablecoins?

Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 21 ad partner(s), or used specifically by this site or app.

Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.