TETHER CEO CONFIRMS MAJOR CAPITAL RAISE AT A REPORTED $500 BILLION VALUATION

Summary from the TLDR newsletter

Tether is looking to raise between $15 billion and $20 billion for a roughly 3% stake through a select group of high-profile key investors. The deal could put the company's value on par with OpenAI. It will involve new equity rather than existing investors selling their stakes. The talks are still in an early stage, so the details could change.