Tether Drops $20B Funding Target After Investor Pushback

#Tether Has Scaled Back Its Fundraising Plans After Investors Rejected A $500 Billion Valuation.

What Changed:

→ Original Target: $15–20 Billion

→ New Target: ~$5 Billion

→ Reason: Investor Resistance To Valuation

CEO Paolo Ardoino’s Take:

Called The $20B Figure A “Misconception,” Says Tether Is Already Profitable (~$10B In 2024) And Doesn’t Need The Funds.

Why Investors Pushed Back:

No Full Audit Ever Released

S&P Gave Reserves Their Weakest Rating

Regulatory Uncertainty Remains

Even Crypto’s Most Profitable Company Faces Tough Scrutiny From Traditional Finance. Valuation Discipline Is Becoming The New Norm.