SoftBank and Ark in talks to invest in funding round for Tether

The largest stablecoin company in the world seeks to raise $20 billion, raising its valuation to $500 billion.

SoftBank and Ark Investment are in talks with Tether Holdings for a funding round that could raise Tether's value to $500 billion, making it one of the largest private companies globally. Tether aims to raise $15-20 billion for 3% of its stake, with the goal of expanding and increasing legitimacy in markets like the United States, with investment support from major technology players.

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