I’ll confess I’m a bit confused why Tether needs to raise money if it’s making $10b/year. The grab bag of venture investments suggests they don’t even know what to do with the money they already have.
Is this is a liquidity event for some existing investors? Anyone know?

Yueqi Yang
@Yueqi_Yang
Scoop: Tether is making a final push to raise funds at a $500 billion valuation, giving investors a deadline to commit to the deal within the next two weeks, according to sources.
Based on the outcome, it will decide whether to proceed with the fundraise
Sector:
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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