According to Odaily Odaily, stablecoin issuer Tether has lowered its potential fundraising target from the previously rumored $15 billion to $20 billion to approximately $5 billion, due to some investors questioning its $500 billion valuation target.
In an interview, Tether CEO Paolo Ardoino clarified that the $15 billion to $20 billion figure was not a specific financing target for the company, but rather its "maximum amount of equity it is willing to sell," a statement that had previously been misunderstood by the market. He stated that Tether currently has sufficient profitability and is "perfectly acceptable" to operate without equity financing.
Ardoino also compared Tether to some artificial intelligence companies, saying, "Many AI companies generate the same amount of profit as us, but with a negative sign in front of it." Data shows that Tether's profit last year was approximately $10 billion, mainly from returns on its reserve assets, but profits are projected to decline by about 25% year-on-year in 2025.
Previous reports indicated that Tether explored a funding round of up to $20 billion in September 2025, based on a valuation of $500 billion. (FT)
