Bloomberg: Tether Is Said to Be Targeting $500 Billion Valuation, Which Would Make It One of the World's Most Valuable Private Companies

BlockBeats News, March 13th, according to Bloomberg, Tether CEO Paolo Ardoino has now identified the United States as the core of its expansion plans and has gained support from allies of the Trump administration, including Commerce Secretary and long-time Tether supporter, banker Howard Lutnick, whose family office has also invested in Tether. Tether launched a new token in the U.S. market in January this year and has stepped up its lobbying efforts in Washington. At the same time, Tether is also attracting investors globally, aiming to establish the company's valuation at $5 trillion, making it one of the world's highest valued private companies.

Tether CEO Paolo Ardoino stated that the company plans to complete a full audit by the end of 2026 and is currently in talks with the Big Four accounting firms. Tether disclosed a profit of over $10 billion last year, currently holding around $122 billion in U.S. Treasury bonds, making it the 17th largest holder of U.S. Treasuries globally. In addition, Tether is promoting its compliant token USAT in the U.S. market and has made over 140 investments in fields such as artificial intelligence, energy, and brain-machine interfaces.