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Tether has lowered its fundraising target from $20 billion to $5 billion
BlockBeats News, February 4th, according to the Financial Times, stablecoin issuer Tether has lowered its fundraising goal, reducing the previous target of 150-200 billion US dollars to 50 billion US dollars, as investors questioned its $500 billion valuation.
Tether CEO Paolo Ardoino said in an interview that the 150-200 billion US dollars fundraising amount was a "misunderstanding," as it was only the maximum amount they were willing to sell, not a target. He emphasized that the company is highly profitable and is "very satisfied" even without selling equity. He also stated that Tether is extremely profitable and has received "a lot of investment interest" at the $500 billion valuation level. He added that the company has not yet decided how much equity to sell, in part because insiders are reluctant to reduce their holdings.
Ardoino also compared Tether to an artificial intelligence company, saying: "AI companies generate the same amount of profit as us, except there is a negative sign in front." It is reported that Tether made a profit of about $10 billion last year, mainly from the return on its holdings, but the 2025 profit is expected to decline by about 25% year-on-year.
Earlier reports stated that in September 2025, Tether sought to raise up to $200 billion at a $500 billion valuation.
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