Tether reduces funding scale to $5 billion, stating that the previous $20 billion was the "maximum sale limit"

Odaily Planet Daily News: Stablecoin issuer Tether has reduced its potential fundraising scale from the previously circulated market estimate of $15 billion to $20 billion down to approximately $5 billion, due to some investors questioning its $500 billion valuation target.

Tether CEO Paolo Ardoino clarified in an interview that the $15 billion to $20 billion figure is not an explicit fundraising goal but rather the “maximum equity stake” they are willing to sell. This statement was previously misunderstood by the market. He stated that Tether is currently sufficiently profitable, and even without equity financing, the company is “completely capable.”

Ardoino also compared Tether to some artificial intelligence companies, saying “many AI companies generate profits of the same scale as ours, but with a negative sign in front.” Data shows that Tether’s profit last year was about $10 billion, mainly derived from its reserve asset income, but profits are expected to decline by approximately 25% year-over-year in 2025.

Earlier reports indicated that Tether explored raising up to $20 billion in September 2025 based on a $500 billion valuation. (FT)