Tether, who leads stable currency

Tether Holdings is organizing talks with investors to collect up to $ 20 billion in an agreement that increased the company’s assessment to around $ 500 billion, which did it in the group of the largest private companies of the year in terms of evaluation.

According to the Bloomberg agency report issued on Tuesday, the company is looking to obtain funding between $ 15 and $ 20 billion thanks to a special offer compared to around 3%, and the company should collect capital thanks to the issue of new shares and not by the secondary sale by this current agreement.

The arrival of the assessment of the attachment will lead to $ 500 billion in its position in the ranks of companies such as OPENAI and SpaceX, and this amount is exceptional for a company operating in the CRIBO sector which lacks regulatory laws to some extent, despite the extension of competition and the drop in American interest rates which threatens its exceptional profits. Here is the evaluation of the circle – which is the public competitor closest to prose on the stable currency market – amounted to $ 30 billion on Tuesday evening.

Paolo Ardonio, CEO of Paolo Ardonio, confirmed that the company was planning to collect funding from a selected group of “main investors”.

Tether fulfills the yields of its reserves while maintaining its leadership for the US dollar currency market

Tether emits the attachment, which is the largest stable currency whose value is linked to the US dollar and its market value is $ 172 billion, while the USD USDC corner comes from the circle in second place with a market value of $ 74 billion. It should be noted that the company Tithar reaches yields by investing its reserves in similar cash assets, including the bonds of the US Treasury.

In July, Tuhar announced a profit of $ 4.9 billion in the second quarter. Paulo CEO Erdino said the beneficiary margins amount to around 99%, knowing that these figures are not subject to the disclosure standards required by public companies.

In recent weeks, Tithar has granted potential investors the right to access the database to assess the agreement, and Bloomberg indicated that the financing plans could be concluded by the end of the year, according to the final conditions and the allowances.

Opening of the database with the assessment of investor risks of governance, policies and growth plan

The financing collection arrives at a time when the company Tithar takes place in the United States. The company has drawn up a plan to launch a stable currency subject to regulatory laws in the United States and appointed Bo Hines, a former White House official, to direct these efforts.

Earlier this month, The Company Announced the Launch of the USA TETHER-USA ₮, A US Dollar-Backed Currency Aimed at Improving Its Role in Digital Markets. This decision comes in the wake of American political climate change, the law of gender will increase the role of stable currencies and may allow banks, payment networks and technological companies to issue their own currencies.

It should be noted that the company Tithar has a history of confrontations with the American regulatory authorities. In 2021, the company paid a fine of $ 41 million to settle the allegations that it had provided inaccurate information on the reserves. The company had far removed from the American market before the recent transformation of the political position to the digital currency sector.

The success of the financing tour would provide enormous capital to defend its market share and invest in infrastructure, compliance and product development. It will also test the extent of investors’ demand for large companies, especially in the Chipo field, at a time when interest rates have started to decrease and yields can decrease reserves, a change that could negatively affect the company’s benefits in the future.

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