Stablecoin Giant Tether Could Join SpaceX, OpenAI in Elite Club with $500B Valuation

Tether, the issuer of the $172 billion USDT stablecoin, is reportedly in talks for a funding round that would redefine its status in the financial world.

A $20 billion raise at a $500 billion valuation would place the company in the same league as legendary private firms like Elon Musk’s SpaceX and Sam Altman’s OpenAI. The funds would come from the issuance of new equity, representing roughly a 3% stake, according to sources.

While the report highlights these staggering top-end targets, it also notes a source’s caution that the final numbers could be much lower. Tether has not officially commented on the speculation.