Tether retreats from $20bn funding ambitions after investor pushback
CEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raise
CEO Paolo Ardoino downplays the scale of $185bn stablecoin group’s capital raise

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

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

The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions

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

The world’s largest stablecoin issuer also brings on PwC to ready internal systems