ChainCatcher reports that, according to The Financial Times, stablecoin issuer Tether has lowered its fundraising target from the previous $15-20 billion to $5 billion, citing investor skepticism about its $500 billion valuation goal.
Tether CEO Paolo Ardoino stated in an interview that the $15-20 billion fundraising amount is a “misunderstanding,” and that it is only the maximum they are willing to sell, not a target. He emphasized that the company is highly profitable and is “very satisfied” even without selling equity. Ardoino also compared Tether to an artificial intelligence company, saying, “AI companies generate the same amount of profit as us, just with a negative sign in front.” It is reported that Tether’s profit last year was approximately $10 billion, mainly from returns on its held assets, but profits are expected to decline by about 25% year-over-year in 2025. Previously, in September 2025, Tether sought to raise up to $20 billion at a $500 billion valuation.
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