Financial Times: Tether lowers fundraising target to just $5 billion amid investor doubts over $500 billion valuation

2026-02-04 05:16:06

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Deep Tide TechFlow News, February 4th, according to the Financial Times, the world’s largest stablecoin issuer Tether has lowered its fundraising target from the original $15-20 billion to possibly only $5 billion, due to 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 amount 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, “An AI company generates the same amount of profit as us, just with a negative sign in front.” It is reported that Tether’s profit last year was about $10 billion, mainly from returns on its held assets, but profits are expected to decline by approximately 25% year-over-year in 2025.

In September last year, news reported that stablecoin giant Tether sought to raise up to $20 billion at a $500 billion valuation.

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