Tether Holdings is reportedly pursuing a fundraising round of up to $20 billion, which would value the company at approximately $500 billion, placing it among the world’s most valuable private entities. The report from Bloomberg indicates that Tether is considering a private placement offering a 3% stake, with Cantor Fitzgerald as the lead adviser. However, sources caution that the final amount raised may be lower since discussions are still in preliminary stages. Tether has become one of the most profitable companies globally, earning $5.7 billion year-to-date. Tether's USDt remains the largest dollar-backed stablecoin, holding a market value of $172.8 billion and a 56% market share in the $307.2 billion stablecoin sector. While Tether seeks a significant increase in capital, other players in the market, such as Circle Internet Group, are also achieving high valuations, demonstrating the growing importance of stablecoins in the financial landscape.

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