Tether Cuts Fundraising Plans to $5 Billion After Investors Question $500 Billion Valuation
Tether has scaled back plans to raise up to $20 billion, with advisers now exploring a smaller raise of around $5 billion after investors pushed back on its $500 billion valuation. The company said the higher figure was never a target and highlighted that it made about $10 billion in profit last year, reducing the need for external funding.
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