Tether Seeks $500 Billion Valuation in Two-Week Raise

Tether, the El Salvador-based issuer of the world's largest stablecoin, is urging investors to commit to a fundraising round valuing the company at $500 billion within the next two weeks, with plans to potentially delay the effort if interest falls short.

The push comes amid ongoing efforts to secure fresh capital, which the company has pursued since late 2025. Investors have expressed caution over the ambitious valuation, which would rank Tether among the largest financial firms globally, surpassing the market capitalization of every U.S. bank except JPMorgan Chase. JPMorgan's market value stands at approximately $795 billion, while Bank of America's is around $353 billion. Tether's flagship product, the USDT stablecoin, currently holds a market capitalization of about $184 billion, making it the dominant player in the stablecoin sector. The company also issues other assets, including Tether Gold (XAUT) and the euro-pegged EURT.

This latest fundraising initiative builds on earlier explorations. In September 2025, Tether considered raising between $15 billion and $20 billion through a private placement for roughly a 3 percent equity stake, with Cantor Fitzgerald serving as lead...