Paolo Ardoino, chief executive officer of Tether Holdings Ltd., during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Ardoino discussed the US government’s decision to regulate stablecoins and what the GENIUS Act can do to help promote stablecoins. (Photographer: Michael Nagle/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Tether Holdings SA, issuer of the world’s largest stablecoin, is in talks with investors to raise as much as $20 billion, a deal that could propel the crypto firm into the highest ranks of the world’s most valuable private companies.

The El Salvador-based company is seeking between $15 billion and $20 billion in exchange for a roughly 3% stake through a private placement, according to two people familiar with the

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