Tether has lowered its fundraising target from $20 billion to $5 billion

According to the Financial Times, stablecoin issuer Tether has lowered its fundraising target from the previous $15-20 billion to $5 billion, as investors have expressed doubts about its $500 billion valuation goal.

Tether CEO Paolo Ardoino stated in an interview that the $15-20 billion fundraising amount is a "misunderstanding," and that it is merely the maximum amount they are willing to sell, not a target. He emphasized that the company is highly profitable and is "very satisfied" even without selling equity. Ardoino also compared Tether to artificial intelligence companies, saying, "AI companies generate the same amount of profit as us, only with a negative sign in front." It is reported that Tether made approximately $10 billion in profit last year, mainly from the returns on its held assets, but profits are expected to decline by about 25% year-on-year in 2025. Previously, it was reported that in September 2025, Tether seeks to raise up to $20 billion at a $500 billion valuation.