According to a recent report, SoftBank and Ark Invest are taking part in talks about taking part in Tether’s imminent fundraising round. The Stablecoin publisher aims to reach a $500 billion valuation.
These financial giants could bring considerable advances to Tether’s ambitious goals. The company may be ready to launch a record-breaking IPO in the near future.
Tether aims for a massive funding round
There are rumours that Tether is planning because Circle was a huge success a few months ago. Earlier this week, Arthur Hayes promoted the hype as it was reportedly considered a new funding round, aiming to be a $500 billion valuation. Today, these rumors seem even more true.
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According to a Bloomberg report, Tether is in formal discussions with SoftBank and Ark on this potential funding round. These well-known tech investors have been experiencing a lot of upset in the market and will help them bring their $500 billion goal to life.
In fact, these companies may be “major investors” that CEO Paolo Ardoino has recently hinted at.
How plausible are these claims?
As Tether and SoftBank have already partnered to launch a new Bitcoin investment company in April, further cooperation in this funding round seems very reasonable. Softbank’s total assets are hundreds of millions, which can have a huge impact.
Ark Invest is not a very big institution, but it still has a significant commitment and will definitely be a capital for Tether’s funding. The company may have predicted the circle’s IPO a few months ago and are trying to take advantage of new opportunities with Tether.
Of course, there is still a lot of speculation. These reports are only details of negotiations regarding Tether’s fundraising, and nothing has happened yet.
Nevertheless, as the epic seven stocks could move by hundreds of millions of dollars in a day, this could be a unique right time to pursue a $500 billion valuation target.
If Tether can close this fundraising, he is poised to launch an IPO soon after. Showing a fierce level of corporate interest has allowed us to further hype and blow the circle’s records out of the water.
Depending on several factors, this development could be a major opportunity.
