Tether is planning to raise up to $20 billion through a stock offering and will consider tokenizing equities

BlockBeats News, December 12th, according to Bloomberg, Tether is planning to raise up to $20 billion through a stock issuance and will consider tokenizing the stocks after the sale. Insiders revealed that Tether executives are exploring various options, including stock buybacks, and storing the equity on the blockchain through tokenization after the transaction is completed. Previously, at least one existing shareholder planned to sell shares at a price far below the company's $50 billion valuation. Tether intervened to stop this plan, as the management was concerned that selling pressure from existing investors could impact future large financings.