Tether has lowered its fundraising target from $15-20 billion to $5 billion amid investor skepticism about its $500 billion valuation. CEO Paolo Ardoino stated that the previous fundraising amount was a misunderstanding, emphasizing that the company is highly profitable, with last year's profit around $10 billion, but it is expected to decrease by 25% in 2025.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tether has lowered its fundraising target from $15-20 billion to $5 billion amid investor skepticism about its $500 billion valuation. CEO Paolo Ardoino stated that the previous fundraising amount was a misunderstanding, emphasizing that the company is highly profitable, with last year's profit around $10 billion, but it is expected to decrease by 25% in 2025.