Tether CEO: Evaluating financing from core investors, planning to significantly expand existing and new business lines.

robot
Abstract generation in progress

On September 24, Tether CEO Paolo Ardoino posted that "Tether is evaluating financing from some well-known core investors to scale the company's strategic operations in existing and new business lines (stablecoin, distribution coverage, artificial intelligence, commodity trading, energy, communication, media) by several orders of magnitude." Previously reported, on September 24 at 7 AM, according to two insiders, the world's largest stablecoin issuer Tether is in talks with investors to raise up to $20 billion, which could elevate the cryptocurrency company to one of the most valuable private companies globally. Tether aims to raise $15 billion to $20 billion through a private placement, accounting for about 3% of the company's shares. The negotiations are still in the early stages.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)