Tether CEO: Actively Exploring Funding Options from Core Investors, Planning to Significantly Expand Existing and New Business Lines

BlockBeats News, September 24th, Tether CEO Paolo Ardoino stated in a post that "Tether is assessing funding from some well-known core investors to scale up the strategic size of the company in existing and new business lines (stablecoins, issuance coverage, artificial intelligence, commodity trading, energy, communications, media) by several orders of magnitude."

Previously reported, at 7:00 on September 24th, according to two sources familiar with the matter, Tether, the issuer of the world's largest stablecoin, is in negotiations with investors to raise up to $20 billion, a deal that could propel the cryptocurrency company into one of the most valuable private companies globally. Tether hopes to raise $15 to $20 billion through a private sale, representing approximately 3% of the company. The negotiations are still in the early stages.