Tether gives investors two weeks to commit in final push to raise capital at a $500B valuation

Tether, the world's largest stablecoin issuer with $184B of its USDT in circulation and over $10B in net profit in 2025, has been struggling to close a fundraise at a $500B valuation since late last year, with investors wary of a price tag that would make it worth more than every U.S. bank except JPMorgan Chase. The company has no plans to go public, leaving investors with no clear exit path, and faces growing stablecoin competition following new U.S. legislation that has brought more issuers into the market. Tether is working with Cantor Fitzgerald and broker Clear Street on the raise, with Los Angeles-based Arcadian Capital also helping introduce prospective investors; if too few commit by the deadline, the company is expected to postpone the effort.